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BUSINESS
April 14, 2006 | From Bloomberg News
The U.S. government requested more data about British billionaire Richard Branson's role in Virgin America Inc., delaying the U.S. carrier's plans to start flights this year. Virgin must submit more details about its ownership and financing before it will get permission to begin operations, the Transportation Department said. Burlingame, Calif.-based Virgin America is part owned by Branson's Virgin Group Ltd.
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BUSINESS
August 9, 2007 | Peter Pae, Times Staff Writer
For a moment Wednesday, the shiny new planes seemed like a throwback to an era when flying was glamorous, service was a priority and airline food didn't cost extra. Champagne was flowing. Every seat had a tiny TV monitor of its own. Celebrities strutted through the cabin, which was lighted in cool blue and pink. It looked like an airborne discotheque. Virgin America took off in raucous style Wednesday.
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BUSINESS
January 18, 2007 | From Bloomberg News
Virgin America Inc., a start-up airline vying for clearance to begin U.S. flights, changed agreements with minority owner Richard Branson's Virgin Group Ltd. in an effort to meet U.S. ownership requirements. Branson's closely held Virgin Group will cede veto authority over some business decisions and put voting shares of the carrier under a U.S. trustee, Virgin America Chief Executive Fred Reid said. The carrier also eliminated foreign investors in two funds that make up the majority of its U.S.
BUSINESS
July 21, 2007 | From Bloomberg News
JetBlue Airways Corp. said Friday it would match fares on the routes where it will compete with start-up Virgin America Inc., the low-fare carrier partly owned by British billionaire Richard Branson. JetBlue is offering round-trip fares for $278 between its New York base and the six airports it serves in the Los Angeles and San Francisco regions, spokesman Sebastian White said on the day after Virgin America started selling tickets.
BUSINESS
July 21, 2007 | From Bloomberg News
JetBlue Airways Corp. said Friday it would match fares on the routes where it will compete with start-up Virgin America Inc., the low-fare carrier partly owned by British billionaire Richard Branson. JetBlue is offering round-trip fares for $278 between its New York base and the six airports it serves in the Los Angeles and San Francisco regions, spokesman Sebastian White said on the day after Virgin America started selling tickets.
BUSINESS
December 9, 2005 | From Bloomberg News
Virgin America Inc., a U.S. airline that plans to fly under British billionaire Richard Branson's Virgin brand, said it had secured $177.3 million to begin service next year. Half the funding is from VAI Partners, a group backed by U.S. investment firms Black Canyon Capital and Cyrus Capital Partners, Virgin America said in a filing Thursday with the Transportation Department. "Various companies" from Branson's Virgin Group will provide the rest, according to the filing.
BUSINESS
May 19, 2007 | From the Associated Press
Bay Area-based start-up airline Virgin America won final approval Friday to take to the skies in the United States. Federal regulators approved the company's revised plan to operate U.S.-based commercial flights after the company made numerous concessions, including replacing its chief executive, to allay concerns about the foreign ownership stake of Richard Branson's London-based Virgin Group. Virgin America, based in Burlingame, Calif.
BUSINESS
August 9, 2007 | Peter Pae, Times Staff Writer
For a moment Wednesday, the shiny new planes seemed like a throwback to an era when flying was glamorous, service was a priority and airline food didn't cost extra. Champagne was flowing. Every seat had a tiny TV monitor of its own. Celebrities strutted through the cabin, which was lighted in cool blue and pink. It looked like an airborne discotheque. Virgin America took off in raucous style Wednesday.
BUSINESS
February 7, 2006
* A federal court in New Jersey awarded $112 million in damages to Texas Instruments Inc. of Dallas in its patent infringement case against Conexant Systems Inc. of Newport Beach. A Conexant unit infringed three patents related to digital subscriber line technology, the court found. * Virgin America Inc. said it named as its chairman Don Carty, the former chairman and chief executive of AMR Corp. * Allergan Inc. extended the deadline for investors to trade in their Inamed Corp.
BUSINESS
February 1, 2007 | From Bloomberg News
Virgin America Inc., a start-up airline partly owned by British billionaire Richard Branson, may fold in six months without a U.S. government decision to let it fly, one of its investors said Wednesday. "At some point it just becomes untenable," said Robert Nisi, chief operating officer of Cyrus Capital Partners and a Virgin America director. Virgin America is trying to increase pressure on the Transportation Department to reverse a Dec.
BUSINESS
May 19, 2007 | From the Associated Press
Bay Area-based start-up airline Virgin America won final approval Friday to take to the skies in the United States. Federal regulators approved the company's revised plan to operate U.S.-based commercial flights after the company made numerous concessions, including replacing its chief executive, to allay concerns about the foreign ownership stake of Richard Branson's London-based Virgin Group. Virgin America, based in Burlingame, Calif.
BUSINESS
January 18, 2007 | From Bloomberg News
Virgin America Inc., a start-up airline vying for clearance to begin U.S. flights, changed agreements with minority owner Richard Branson's Virgin Group Ltd. in an effort to meet U.S. ownership requirements. Branson's closely held Virgin Group will cede veto authority over some business decisions and put voting shares of the carrier under a U.S. trustee, Virgin America Chief Executive Fred Reid said. The carrier also eliminated foreign investors in two funds that make up the majority of its U.S.
BUSINESS
April 14, 2006 | From Bloomberg News
The U.S. government requested more data about British billionaire Richard Branson's role in Virgin America Inc., delaying the U.S. carrier's plans to start flights this year. Virgin must submit more details about its ownership and financing before it will get permission to begin operations, the Transportation Department said. Burlingame, Calif.-based Virgin America is part owned by Branson's Virgin Group Ltd.
BUSINESS
December 9, 2005 | From Bloomberg News
Virgin America Inc., a U.S. airline that plans to fly under British billionaire Richard Branson's Virgin brand, said it had secured $177.3 million to begin service next year. Half the funding is from VAI Partners, a group backed by U.S. investment firms Black Canyon Capital and Cyrus Capital Partners, Virgin America said in a filing Thursday with the Transportation Department. "Various companies" from Branson's Virgin Group will provide the rest, according to the filing.
BUSINESS
May 10, 2007 | From Bloomberg News
JetBlue Airways Corp. is considering a California expansion as Southwest Airlines Co. returns to San Francisco, Delta Air Lines Inc. adds flights from Los Angeles and Virgin America Inc. prepares to enter the market. JetBlue may add flights from L.A., San Diego, Burbank and Ontario, Chief Executive David Neeleman said Wednesday at the company's annual shareholders meeting in New York.
BUSINESS
September 7, 2007 | From Bloomberg News
American Airlines, the world's largest carrier, will accept only credit and debit card payment for food, drinks and other items in a test this month on some flights. The trial will make onboard sales more efficient for flight attendants and help the carrier determine whether passengers prefer credit over cash when buying on board, the Fort Worth-based airline said Thursday.
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