Virgin America Company Description
An affiliate of Sir Richard Branson's Virgin Group, startup Virgin America took flight just as high fuel prices and a recession caused tough times in the airline industry. With a fleet of about 25 Airbus A320 jets, the carrier began in 2007 with service from San Francisco to Los Angeles and New York and now serves about 10 destination. It competes as a low-fare carrier, but also has first-class service and extensive in-flight entertainment options. In March 2009 hedge funds Black Canyon Capital and Cyrus Capital Partners sold their combined 77% stake in Virgin America. The carrier hired investment bank Lazard Ltd. to find new investors. Virgin Group owns a minority stake.
View the Comprehensive Company Description for Virgin America
The Company Description provides a historical perspective of Virgin America's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Virgin America's evolution in the marketplace.
