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An employee of the Korea Exchange Bank counts one hundred U.S. dollar banknotes at the bank's headquarters in Seoul, August 11, 2011. REUTERS/Jo Yong-Hak

Corporate cash-hoarding continues

Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports.  Read more at Counterparties 

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Durable goods orders rise, point to factory resilience

WASHINGTON - Orders for long-lasting manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course.

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Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Virgin America aims for IPO in 12-24 months

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

BARCELONA | Tue Apr 24, 2012 8:02am EDT

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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