Former Virgin Australia chief executive Jayne Hrdlicka will receive more than $50 million in compensation for successfully flying the airline out of administration.

Ms Hrdlicka will get 10.3 million shares, worth $33 million at current prices, and has received $18.4 million in "other cash payments," Virgin Australia said in an annual report released on Friday.

That remuneration package reflects her key role for nine months of 2024/25, until her departure on March 13.

"During her tenure, Jayne successfully led the group's exit from voluntary administration, stand up of the airline during the COVID-19 pandemic and the transformation of Virgin Australia into a profitable and sustainable business," the annual report said.

Ms Hrdlicka also led Virgin Australia's deeper strategic partnership

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