ATW Daily News
Virgin America expects new investors, O'Hare service
Thursday June 25, 2009Virgin America CEO David Cush told Bloomberg News that "certainly one or more" American investors "will come to fruition before year end. . .These expressions are a lot firmer than they have been in the past. There is more capital available than there was six months ago. The risk tolerance has improved." He said the airline has received five written proposals and reiterated that "we're still in compliance with US law" and that Black Canyon Capital and Cyrus Capital Partners continue to control a combined 75% stake (ATWOnline, April 3), the news service reported. He also said VX is looking to secure gates at Chicago O'Hare in the 2010 second quarter. He expects Delta Air Lines to surrender some assets as part of its merger with Northwest Airlines.
Other headlines:
- IATA halves forecast 2010 loss to $2.8 billion from $5.6 billion
- Lufthansa targeting 'slight' improvement after rough 2009
- Korean regulators tag KE, Asiana for antitrust violations; KE faces ACCC cargo charge
- Air France KLM maintains African commitment
- Emirates committed to A380 despite growing pains
- Qatar Airways to serve Argentina, Brazil
- China Eastern expands cargo holdings with Great Wall
- Oneworld trio aims to appease European regulators with London slot leases
- Special items, cuts return Cathay Pacific to profit
- US regional growth could hinge on major airline labor negotiations
ATW Media Group
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