Last Friday, American private equity firm Bain Capital reached an agreement with Virgin Australia administrators Deloitte to purchase the dilapidated carrier. Bain stated they’ll aim to “protect as many jobs as possible” making sure Australians “have access to competitive, viable aviation services for the long term”.

On the surface, these promises spearheaded by Bain Capital’s Australian managing director and former Olympic diver, Michael Murphy, appear to form part of a benevolent long term ambition for Virgin’s staff and Australian aviation.