Virgin America Files For Certification With The DOT

[Paul]

Secures $177.3M in Committed Funding, Announces U.S. Investors

Virgin America Inc., a new U.S.-based airline start-up company, has announced that it has secured $177.3 million in committed funding led by VAI Partners LLC, an investment group funded by U.S. investment firms Black Canyon Capital and Cyrus Capital Partners. This funding transaction is among the largest of any start-up airline in U.S. history. The airline also announced that it has submitted its application for certification with the Department of Transportation (DOT) to operate as an interstate scheduled air carrier.

Effective Nov. 21, 2005, VAI Partners LLC committed a majority of the abovementioned funding, assuming majority ownership and actual control of Virgin America. The company’s newly formed Board of Directors appointed Mark Lanigan, 45, a Managing Director of Black Canyon Capital as Chairman of Virgin America and Fred Reid, 55, as Chief Executive Officer

Aero-News Network

 

[NAPAUS]

Great news, finally they are staring up! Any news on where they will fly from SFO, and what type of service/products they will offer? I read about 319/320's - think this is so LONG overdue. Maybe they can wipe Southwest off the west coast !!!! 😀 😀 😀

 

[Paul]

Here the web site. They may have the information you are looking for there.

Virgin America (Requires Flash and/or Shockwave)

 

[Swaayze]

Great news, finally they are staring up! Any news on where they will fly from SFO, and what type of service/products they will offer? I read about 319/320's - think this is so LONG overdue. Maybe they can wipe Southwest off the west coast !!!! 😀 😀 😀

How, exactly, is having yet another carrier that pays their employees cheap wages, increases capacity in the system and charges the traveling public (too) low fares such a great thing?

 

[zflygrl]

:down: I hope he doesn't think he is going to bring his....UK....work rules over here. (being from the UK) Age is a big problem.....no one over 30...and extra pounds are not allowed. He is not a Union man either. Sir B. I have my eye on you. :blink:

 

[mrman]

Great news, finally they are staring up! Any news on where they will fly from SFO, and what type of service/products they will offer? I read about 319/320's - think this is so LONG overdue. Maybe they can wipe Southwest off the west coast !!!! 😀 😀 😀

More likely the new USAir

 

[supercruiser]

Maybe I'm missing something, but why is there such an outcry over potentially changing the foreign ownership laws in the US for airlines? Is a foreign born citizen or companny not trying to run a successful, profitable organization vs. someone born in the US, regardless of where they are doing business? The fact that you have foreign ownership doesn't imply to me that they would hire third world undocumented aliens to work there. I'd much rather work for a successful person like Richard Branson, and let him have total control over his airline Virgin America, than some of the morons that were "born in the USA," who have been running some of the airlines in the US.

supercruiser