flyguppy
Well-known member
- Joined
- Sep 25, 2003
- Posts
- 130
Branson eyes US Airways
Richard Branson's Virgin USA low-cost carrier plans to purchase as many as 55 planes and may partner with US Airways Inc. as it seeks to take advantage of demand for low costs flights in the U.S. "We shouldn't have any problems in now getting the airline launched" by early next year at the latest, Branson said. The Virgin Group will invest between $50 million and $250 million in the carrier and will own 49 percent. "US Airways may sell off part of their assets, and they may sell it off in part cash and shares in a new company," Branson told journalists. "If they were to do that, they might decide to do something with Virgin USA." Virgin USA is choosing between San Francisco, Los Angeles, Boston and Washington for its headquarters, Branson told journalists at a briefing in London, adding Virgin USA will be 100 percent American employees.
Oakland Tribune
Wednesday, March 24, 2004
Richard Branson's Virgin USA low-cost carrier plans to purchase as many as 55 planes and may partner with US Airways Inc. as it seeks to take advantage of demand for low costs flights in the U.S. "We shouldn't have any problems in now getting the airline launched" by early next year at the latest, Branson said. The Virgin Group will invest between $50 million and $250 million in the carrier and will own 49 percent. "US Airways may sell off part of their assets, and they may sell it off in part cash and shares in a new company," Branson told journalists. "If they were to do that, they might decide to do something with Virgin USA." Virgin USA is choosing between San Francisco, Los Angeles, Boston and Washington for its headquarters, Branson told journalists at a briefing in London, adding Virgin USA will be 100 percent American employees.
Oakland Tribune
Wednesday, March 24, 2004
