My Account Menu

CAPA Login

Register to trial CAPA Membership!

Virgin America: ownership issue rears its ugly face again - CFO departs


Virgin America's compliance with US citizenship requirements has been a concern since Sir Richard Branson first mooted the establishment of his airline brand in the USA. It was a significant point of controversy and debate during the carrier's certification proceeding prior to operations commencing in 2007. The US Department of Transportation (DoT) initially determined that Virgin America did not comply with the regulations, and required the company to restructure before granting initial certification. [1487 words]

Unlock the following content in this report:


  • Richard Branson has apparently not had any day-to-day involvement with the running of the airline.
  • Calls for investigation
  • Original complaint gains support
  • Challenging time to seek new investors
  • CFO departure
  • Virgin America "exceeding expectations"
  • Profitable quarters expected in 2009; break-even target back to 2010 timeframe
  • Service to ninth city: Orange County

Graphs and data:

  • Virgin America fleet: as at Mar-09
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.