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Virgin America - Close to security additional cash injection


Virgin America is reportedly close to finalising an agreement with its investors to inject additional cash into the fledgling carrier to fund its operations and expansion plans. In the current challenging operating environment, it is not surprising investors have been called on to provide additional financing, although the fact that it occurred so shortly after the previous (and considerable) USD100 million cash injection in Apr-08 (for a total investment in the carrier of approximately USD400 million), and so soon after the carrier’s launch, is of concern. [2003 words]

Unlock the following content in this report:


  • Requests for traffic and financial data confidentially further fuel concerns
  • Load factors of above 80%; on target for 2H09 profitability
  • Announces new fare and premium economy product

Graphs and data:

  • Select US carriers' financing agreements: Aug/Sep/Oct-08
  • LCCs with Premium Economy Product
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