Alaska Air closes in on Virgin America deal

Image: Alaska Airlines jet

A smiling Eskimo graces the tail of an Alaska Airlines jet. (Credit: Alaska Air)

Seattle-based Alaska Air Group is close to a $2 billion deal to purchase Virgin America, beating out a rival bid from Jet Blue Airways, The Wall Street Journal reported April 2.

The Journal’s report was based on information from unnamed sources said to be familiar with the matter. Those sources stressed that there was no guarantee Alaska would clinch the deal. An announcement could come as early as April 4, they told the Journal.

U.S.-based Virgin America is separate from Virgin Atlantic, a larger airline owned by British billionaire Richard Branson’s Virgin Group. Branson’s holding company owns less than 25 percent of Virgin America, in accordance with federal law. Cyrus Aviation Holdings is the largest investor with about 28 percent of the voting stock.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
This entry was posted in GeekWire and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s