Virgin Australia CEO negotiating terms of exit with new owner Bain

Virgin Australia CEO negotiating terms of exit with new owner Bain

FILE PHOTO: Travellers stand at a Virgin Australia Airlines counter at Kingsford Smith International Airport during the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo

Virgin Australia Holdings Ltd Chief Executive Paul Scurrah is negotiating the terms of his exit with the airline’s new owner Bain Capital, two people familiar with the matter told Reuters.