Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Is Virgin America Going Public?  
User currently offline737DAB320 From United States of America, joined exactly 9 years ago today! , 88 posts, RR: 0
Posted (4 years 2 months 3 weeks 6 days 19 hours ago) and read 2397 times:

I was browsing the job postings on virginamerica.com and came across this position:

https://www.virginamerica.apply2jobs.com/ProfExt/index.cfm?fuseaction=mExternal.showJob&RID=400&CurrentPage=1

Under "Main Areas of Responsibility" I noticed the following:

"Assist CFO & Controller in preparing the company for initial public offering."


Does anyone know if VX has plans to go from a Private company to a Public one in the near future? I had never heard of them wanting to do this before so I wanted to find out if anyone had other info.


Nothing is certain.
1 replies: All unread, jump to last
 
User currently offlineenilria From Canada, joined Feb 2008, 7251 posts, RR: 13
Reply 1, posted (4 years 2 months 3 weeks 6 days 18 hours ago) and read 2348 times:

Quoting 737DAB320 (Thread starter):
Does anyone know if VX has plans to go from a Private company to a Public one in the near future? I had never heard of them wanting to do this before so I wanted to find out if anyone had other info.

You say it as if it is a secret. That has always been the plan. I believe it's been delayed and delayed because of the environment for airlines and the economy in general. Part of the reason VX has had foreign investment issues is that the capital for growth in the original plan was going to come from the capital markets via stock issuance. Because that didn't happen it was more difficult for them to raise money and maintain the appropriate amount of U.S. ownership.

I would expect an IPO in 2011 if:
a) airline stocks do well (reasonable oil, no terrorist issues, good economy)
b) VX starts making money

Branson is in business to make money. Starting privately and having an IPO is his normal motus operandi. It's part of what led to him losing control of Virgin Blue. I think he has regained some of that control, though.

Anyway, I would expect NK to also have an IPO in 2011 if the same condittions are met.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Is Virgin America Having Trouble Getting Routes? posted Wed Jul 11 2007 18:46:38 by B6ramprat
...Virgin America Going In Circles... posted Sat Jan 13 2007 21:48:31 by Boeing727
Virgin America Lets Public Name Planes posted Thu Oct 12 2006 02:39:21 by Cubedweller
Tensions Between SQ/Virgin Going Public Now? posted Fri Nov 6 2009 20:01:39 by TravellerPlus
CNN Article: Virgin America's Plans / CO Is Pissed posted Tue Aug 15 2006 23:24:46 by 777fan
Air Berlin Is Going Public posted Wed Mar 8 2006 15:46:46 by Pelican
Going To Work For Virgin America posted Sun Dec 18 2005 02:52:01 by SunValley
What's Going On With Virgin America posted Sat Jan 22 2005 05:20:06 by CAL
Why Is JetBlue Going Public? posted Thu Feb 14 2002 00:00:01 by Bobcat
Is Virgin Going On Strike? posted Tue Mar 6 2001 05:26:59 by QANTAS747-438