Virgin Australia’s former CEO has exited the airline with a whopping $50m pay packet after she helped the carrier fly back onto the ASX following her departure.

Jayne Hrdlicka, the former airline boss who led the carrier after it fell into administration in 2020, will receive more than 10 million shares – valued at just under $30m - and about $20m in salary, bonus and payouts.

She will be able to sell one third of her shares after Virgin posts its half year results in February, another third one year later and the rest in August 2027 after the company has shared its results for that financial year.

The airline said the hefty payday from Ms Hrdlicka came as it looked to “attract and incentivise senior management to join what had been an unprofitable business for many years”.

Virgin told

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