VIRGIN BLUE GROUP OF AIRLINES ANNOUNCES NEW CHIEF FINANCIAL OFFICER

BRISBANE, 7 JANUARY 2011: The Virgin Blue Group of Airlines today announced the appointment of Sankar Narayan as Chief Financial Officer, commencing April 2011.

Mr Narayan brings extensive financial experience to the Group, having held the position of Chief Financial Officer with a number of leading international and Australian companies, including Fairfax Media and Foxtel.

CEO and Managing Director John Borghetti said: “I am thrilled to welcome Sankar to our executive team. His extensive financial, information technology, investor relations and strategy expertise will be of tremendous value to the Group.
“Sankar will lead our Financial, Information Technology and centralised Procurement divisions, be responsible for improving financial efficiency and play a key role in driving the Group’s growth.”

Mr Narayan holds an MBA from the Booth School of Business in Chicago and is a Certified Practising Accountant (Australia). He also holds a Masters in Electrical Engineering from the State University of New York. His most recent role is Chief Financial Officer of Astro All Asia Networks, a leading media organisation with interests across several regions including Malaysia, India, China, the Middle East and Australia. Prior to this he held the role of CFO of Fairfax Media based in Australia.

Mr Narayan’s appointment follows the resignation of Keith Neate on 21 December 2010.

For further information contact: Danielle Keighery + 61 400 223136 Emma Copeman + 61 421 702193