Deals
Virgin America Weighs Sale After Receiving Interest
- Carrier is working with a financial adviser on options
- Branson-backed airline raised $353 million in a 2014 IPO
Virgin America Said to Weigh Sale
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Virgin America Inc., the airline backed by U.K. billionaire Richard Branson, is reaching out to potential buyers about a sale of part or all of the company, people with knowledge of the matter said.
The carrier, which flies to destinations throughout the U.S. and Mexico, is working with a financial adviser after receiving takeover interest, the people said, asking not to be identified as the matter is private. No decision has been made, and Virgin America may choose not to pursue a sale, they said.