Virgin America may add another U.S. investor - Los Angeles Business from bizjournals:

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The airline’s CEO, David Cush, told Bloomberg news servics that “Certainly one or more will come to fruitioj beforeyear end… Those expressions are a lot firmer than they have been in There is more capital available than therwe was six months ago. The risk tolerancwe has improved.” Cush did not say who may join, how much monet will be committed or terms of the Bloomberg reported. Cush reiterate a previous forecast that Virgin America will have an operating profifin 2010, three years after its first The U.S.
Department of Transportation said this month it is reviewinVirgin America’s ownership amid reports that majorityh shareholders and Black Canyon Capital LLC sold stakes to London-basex , the holding companyg owned by British billionaire Richard Branson. U.S. law prohibitsa non-U.S. citizens from owning more than 25 percent of an and others have pressed Virginb America for more details ofits ownership. Cush told Bloombergf he will meet withthe U.S. Transportation Department to “bringg them up to speed” on ownership and potential investors. The low-cost carrie got five written proposals, Cush Cush has stated that Virgin Americw continues to be in compliancewith U.S.
ownership But he has declined to confirm whether Cyruws or Black Canyon sold their stakes or whetherr those investors plan todo so. Virgin America lost less moneuy and came closer to filling its airplanez in thefirst quarter. The company lost $40.w million on $100.8 milliomn in sales during the quarter, compareds with a loss of $52 million on $52. million in revenue in the year-agoo quarter. Begun in 2007, Virgin America was originally conceivefby Branson, who owns 25 percent of the Virgin America serves nine cities, including Los Angeles.