Virgin America aims for IPO in 12-24 months

BARCELONA Tue Apr 24, 2012 8:02am EDT

Sir Richard Branson, founder and president of Britain's Virgin Group, gestures after signing a contract for 60 Airbus A320 jets during the annual Airbus news conference at Colomiers near Toulouse January 17, 2011. REUTERS/Jean-Philippe Arles

Sir Richard Branson, founder and president of Britain's Virgin Group, gestures after signing a contract for 60 Airbus A320 jets during the annual Airbus news conference at Colomiers near Toulouse January 17, 2011.

Credit: Reuters/Jean-Philippe Arles

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BARCELONA (Reuters) - Virgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is mulling a public share offering in the next 12-24 months, a senior executive said on Tuesday.

"We have been flying for four and a half years and have a patient group of equity investors, but over the next 12-14 months we aim to be ready to do a public offering and that is something we are working on in-house," company treasurer Anthony Mosse told the AFCA aircraft financing conference in Barcelona.

(Reporting by Tim Hepher)

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Comments (2)
LA_Aviation wrote:
Headline and quote don’t match. Is it 12 to 14 months or 12 to 24 months?

Apr 24, 2012 9:33am EDT  --  Report as abuse
doubleu wrote:
Why wait? They’ve only lost 650,000,000 USD in the past 4.5 years. Clearly, their fares are not high enough to cover their basic costs — even as a low-cost start-up. What will happen in 2012-2013 as fuel prices go-up again?

Apr 24, 2012 12:33pm EDT  --  Report as abuse
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