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A Virgin Australia 777-300 rests at LAX before its next flight. As part of its restructuring, the airline is retiring its 777 fleet and halting long-haul routes.(Photo: AirlineGeeks | William Derrickson)

Virgin Australia’s CEO to Step Down in 2020

Virgin Australia’s Chief Executive Officer John Borghetti has announced he will not be renewing his contract as the CEO. Borghetti’s contract is set to expire on Jan. 1, 2020. Borghetti joined the Virgin Australia Group on May 8, 2010, after leaving his executive general manager position at Qantas. Virgin Australia stated, "Mr. Borghetti has signalled his desire to depart by this date to enable the Group ample time to recruit an incoming CEO and allow for an appropriate transition." Borghetti…