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.
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