Virgin America said to weigh sale after receiving takeover interest

Virgin America is reaching out to potential buyers about a sale of part or all of the company, people with knowledge of the matter said. The carrier is working with a financial adviser after receiving takeover interest, the people said. No decision has been made, and Virgin America might choose not to pursue a sale, they said. A representative for Virgin America said the company doesn't comment on speculation concerning mergers or acquisitions. Virgin America last month reported 2015 adjusted net income of US$201.5m, the most in the company's history. The airline received 5 new Airbus A320 aircraft last year, with plans for 5 more this year, after slowing growth in 2012 to focus on long-term survival. It expects to grow capacity by 10% a year in 2017 and 2018. <br/>
Bloomberg
http://www.denverpost.com/business/ci_29675591/virgin-america-said-weigh-sale-after-receiving-takeover
3/23/16