Virgin America receives takeover offers: sources | Reuters

U.S. budget airline carrier Virgin America Inc (VA.O) has received acquisition interest from several companies, including JetBlue Airways Corp (JBLU.O) and Alaska Air Group Inc (ALK.N), a person familiar with the matter said on Monday.

Asian airline companies have also expressed interest in Virgin America, although they would have to partner with a U.S. bidder because of foreign ownership rules governing U.S. airlines, the person said.

Bloomberg reported earlier on Monday that Virgin America had received takeover offers from JetBlue and Alaska Air.

The source asked not to be identified because the sale process is confidential. Virgin America did not immediately respond to requests for comment, while JetBlue and Alaska Air declined to comment.

Burlingame, California-based Virgin America went public in November 2014 and now has a market capitalization of $1.37 billion.

Virgin America is the U.S. offshoot of billionaire entrepreneur Richard Branson's London-based Virgin Group, which is involved in airlines, railroads, telecommunications, media and hospitality.

(Reporting by Greg Roumeliotis in New York; Editing by Steve Orlofsky)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Mar 29, 2016 02:15 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See