This also showed up on Holly Hegeman's PlaneBuzz blog yesterday, referencing the same source and adding a bit of other gossip:
I'd imagine that they'd only be able to lease/sublease the actual airframes without being a certificated air carrier. All that throws a bit of a wrench into their potential startup plans if/when the DOT does issue them a certificate, since they'd obviously be bound by the terms of any leases they might sign for the aircraft. You can bet that Continental's lawyers are going to jump on the source of new financing; if it's not from a bona-fide U.S. source, I think you can stick a fork in Virgin America.
Eight Airbus narrowbodies are awfully expensive capital assets on which to have to be eating lease and/or financing costs for an extended period. I'd guess they're burning $1.5 to 2 million per month just on parked airplanes. Not to mention that if JetBlue's startup is any guide, they're also burning a similar amount each month on salaries and overhead. The longer Continental and other network carriers can delay Virgin America's start, the more susceptible the new carrier will be to a protracted fare war which is IMO inevitable.
The other interesting little tidbit -- Virgin America's code is going to be VX