VA - Virgin America

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  1. StockJock-e

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    Virgin America Inc. provides scheduled air travel services. The company has a fleet of 60 Airbus single-aisle aircraft consisting of 10 Airbus A319s and 50 Airbus A320s. As of December 31, 2015, it provided services to 23 airports in the United States and Mexico. The company was formerly known as Best Air Holdings, Inc., and changed its name to Virgin America Inc. in November 2005. Virgin America Inc. was incorporated in 2004 and is headquartered in Burlingame, California.
     
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    Alaska Airlines To Buy Virgin America For $2.6B Creating Windfall For Billionaire Richard Branson

    Alaska Airlines and Virgin America, two of the most profitable and best performing airlines, are merging in an effort to create the nation’s fifth largest carrier with an increased presence in high growth cities such as Seattle, San Francisco, Los Angeles, Washington and New York City.

    Alaska Airlines will pay $57 a share in cash, or an equity value of $2.6 billion for Virgin America, capping a brief but successful run on public stock markets and generating a strong payoff for billionaire founder Richard Branson, who owns over 30% of the company’s stock. Branson was ranked as the 288 richest person in the world by FORBES, with a fortune exceeding $5 billion. His Virgin Shares are worth roughly $800 million.

    http://www.forbes.com/sites/antoine...ing-windfall-for-billionaire-richard-branson/
     

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