Virgin America is considering a sale and its stock is soaring

Virgin America considering a sale

Virgin America is considering a sale.

Bloomberg is reporting that the airline is in the process of making a decision about selling part or all of the company. The source claims Virgin America has already began reaching out to potential buyers.

The stock surged by more than 13% in trading on Wednesday.

The airline is owned by Richard Branson’s Virgin Group. The company went public less than two years ago and was valued at $1.4 billion.

Virgin America is currently responsible for flights to the US and Mexico.

The company is not currently responding to requests for more information.

Shares are up nearly 14% on news of a potential sale. Here’s a quick look at today’s surge in pricing.

Virgin America considering sale

 

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Written by Jeff Springer

Jeff Springer

Jeff Spring is the Finance & Markets Editor at BusinessPundit.com. He's currently spending his days backpacking across Europe. While he may be living outside of the United States, he stays connected to American financial markets and M&A's more than is probably healthy for any single person. His love of a good book and a Bloomberg terminal can't be understated. He can be reached at JeffSpringer@BusinessPundit.com