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Virgin America gets Takeover Bid from JetBlue & Alaska Airlines

Virgin America gets Takeover Bid from JetBlue & Alaska Airlines

Virgin America Inc. received takeover offers from JetBlue Airways Corp. and Alaska Air Group Inc. after the carrier backed by billionaire Richard Branson put itself up for sale, according to people familiar with the matter.

Discussions between Virgin America and the two bidders are ongoing, and a deal could be announced as early as next week, the people said, asking not to be identified discussing private information. It is unclear if other suitors will emerge, and Virgin America may yet decide to abandon sale negotiations in favor of remaining independent.

Last week, Bloomberg reported that the carrier, which flies to destinations throughout the U.S. and Mexico, was working with financial advisers on a sale after receiving takeover interest. Virgin America’s stock has been up almost 10 percent since then, giving it a market capitalization of $1.3 billion.

Alaska spokeswoman Bobbie Egan said the company doesn’t comment on rumors or speculation. JetBlue spokesman Doug McGraw said the carrier had the same policy. Virgin America didn’t immediately respond to requests for comment.

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@ bobbylaurie

Bobby serves as co-host on the nationally syndicated travel talk show "The Jet Set" and is a Travel Expert for various media outlets including CNN, HLN and The Huffington Post.Bobby also worked as a flight attendant for Republic Airlines, US Airways & Virgin America; officially hanging up his wings in March of 2015 after ten years of flying.

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