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Article: Virgin America Secures $177.3 Million in Committed Funding, Announces U.S. Investors Black Canyon Capital and Cyrus Capital Partners, and Files for Certification with the DOT.
- Article from:
- PR Newswire
- Article date:
- December 8, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Airline Identifies San Francisco Bay Area as its Corporate Headquarters and Principal Operations Base
SAN FRANCISCO, Dec. 8 /PRNewswire/ -- Virgin America Inc., a new U.S.- based airline start-up company, announced today that it has secured $177.3 million in committed funding led by VAI Partners LLC, an investment group funded by U.S. investment firms Black Canyon Capital and Cyrus Capital Partners. This funding transaction is among the largest of any start-up airline in U.S. history. The airline also announced that it has submitted its application for certification with the Department of Transportation (DOT) to operate as an interstate scheduled air carrier. ...