Live
- If evidence is needed, SIT should be formed: R Ashok
- Seethakka consoles bereaved family
- Police bust chain-snatching gang in Chittoor
- Earth's Freshwater Supply Declining Rapidly: A Warning of Prolonged Droughts Ahead
- 2 nabbed, 3 pistols seized for extortion
- Kavi sammelan held as part of Library Week
- Civil supplies dept launches Whatsapp service for paddy procurement
- State sanctions Rs 205 cr
- International Men’s Day 2024: Date, History, Significance, Celebration, and Theme
- SIT gears up for field investigation in Tirumala Laddu adulteration case
Virgin America receives takeover offers: Source
US budget airline carrier Virgin America Inc has received acquisition interest from several companies, including JetBlue Airways Corp and Alaska Air Group Inc, a person familiar with the matter said on Monday.
US budget airline carrier Virgin America Inc has received acquisition interest from several companies, including JetBlue Airways Corp and Alaska Air Group Inc, 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 US bidder because of foreign ownership rules governing US 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 US offshoot of billionaire entrepreneur Richard Branson's London-based Virgin Group, which is involved in airlines, railroads, telecommunications, media and hospitality.
