Virgin Australia’s chief executive, John Borghetti, faced a crisis a few months ago when a major shareholder tried to oust him over his refusal to rein in the airline’s expensive growth strategy.
The 60-year-old executive survived the attempted boardroom coup, and last week delivered a strong riposte: a A$1bn capital raising to repair the airline’s parlous balance sheet, and two new Chinese shareholders — HNA Group and Nanshan Group.
“I’m definitely sticking around,” Mr Borghetti told reporters on a conference call.
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