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Virgin America airline files for an Initial Public Offer

Rome , Italy - The decision was in the air for about a year


(WAPA) - Virgin America Chief Executive Officer (CEO) David Cush said almost a year ago that a possible stock sale would be one of the program of the carrier.

In fact, even if the details of the operation are still unknown, the sixth biggest airline of the United States will sell part of its shares, which earnings will be used to fund growth and repay debt owed to Cyrus Capital Partners LP and Virgin Group Ltd. The operation is scheduled by the end of 2014, and its filing includes an offering size of 115 million Dollars.

Virgin America, which started service in August 2007, has a fleet of Airbus A-320 single-aisle jets. It flies to destinations including the airports of Boston, Los Angeles, Las Vegas, San Francisco and the "J.F. Kennedy" of New York. (Avionews)

(World Aeronautical Press Agency - )
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