SF-Based Virgin America Mulls Takeover Offers From JetBlue, Alaska Airlines
Virgin Atlantic | March 28, 2016
While this could spell sad news for fans of Virgin America and their guaranteed-to-be-pretty-comfortable and wi-fi-equipped planes, the company has reportedly put itself up for sale and now Bloomberg reports that they've received a pair of buyout offers so far. The Richard Branson-owned Virgin, based in Burlingame, launched nine years ago but only went public 18 months ago. The move comes after reported earnings of $201.5 million in 2015, the largest in the company's history. And the takeover bids came mighty fast, less than a week after Virgin announced it might be courting a buyer.