Entries tagged "Virgin America"
Virgin America could be in for a challenge trying to find new U.S. investors quickly.
Alaska Air citing a speculative news story called on the government to launch a probe into whether rival Virgin America continues to meet the standards for being a U.S. carrier. For more read Corporate Dealmaker.
It seems we've hit the latest wave of airline bankruptcies, driven by sky-high oil prices and an economic downturn. April was particularly dark and May was cloudy, but June will see at least one sunny day. U.K. all-business-class carrier Silverjet plc, which was grounded at the end of May and filed for administration after backer Viceroy Holdings failed to extend a $5 million loan, has, it seems, been rescued. Swiss investment company Heritage Cie. SA agreed June 11 to buy it out of bankruptcy for undisclosed terms. ...
Coming off a week that saw three U.S. airlines cease operations, it's only natural to ask "who's next?"...
