Investing.com -- Virgin Australia, the second-largest airline in the country, is moving forward with its initial public offering (IPO) scheduled for June, despite the current market instability triggered by the trade policies of US President Donald Trump. Sources told Bloomberg that under the guidance of Bain Capital, the airline is proceeding with its public listing plans.

Dave Emerson (NYSE: EMR ), the newly appointed CEO of Virgin Australia, has initiated discussions with prospective domestic investors and is slated to extend his investor meetings to Asia next week. These plans are unfolding while financial markets are experiencing significant volatility due to the aggressive trade tariffs imposed by the United States, marking the highest levels in over a hundred years.

The airline, acquired by US private equity firm Bain Capital in 2020 following its collapse due to the pandemic, is now navigating a challenging financial landscape. With stock markets facing widespread declines, many companies have postponed their IPOs and major acquisition deals, seeking to avoid the current market turbulence.

Despite these market conditions, Bain Capital is determined to launch Virgin Australia on the stock market. The firm is looking to capitalize on over two years of strategic preparation, aiming to overcome the downturn that has halted numerous financial transactions worldwide.

The decision to pursue the IPO in June comes as a bold move for Virgin Australia, indicating Bain Capital’s confidence in the airline’s potential for growth and stability, even as the global markets grapple with the effects of heightened trade tensions.

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