Virgin America may add another U.S. investor - San Francisco Business Times:

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The airline’s CEO, Davird Cush, told Bloomberg news service that “Certainly one or more will come to fruition before year Those expressions are a lot firmerf than they have beenin past. There is more capitak available than there was sixmonths ago. The risk toleranc has improved.” Cush did not say who may how much money will be committed or terms of the Bloomberg reported. Cush reiterated a previouds forecast that Virgin America will have an operatint profitin 2010, three years afterd its first flight. The U.S.
Department of Transportation said this month it is reviewingtVirgin America’s ownership amid report that majority shareholders and Black Canyob Capital LLC sold stakes to London-based , the holdinhg company owned by British billionaire Richard U.S. law prohibits non-U.S. citizens from owning more than 25 perceng ofan airline. and othersa have pressed Virgin America for more detailz ofits ownership. Cush told Bloomberg he will meet withthe U.S. Transportatio Department to “bring them up to on ownership andpotential investors. The low-cost carrietr got five written proposals, Cush said. Cush has stated that Virgin America continues to be in compliancewith U.S. ownershil laws.
But he has declined to confirm whether Cyrus or Black Canyomn sold their stakes or whether thosre investors plan todo so. Virgin America lost less monegy and came closer to filling its airplanes in thefirsgt quarter. The company lost $40.3 milliom on $100.8 million in sales during the compared with a lossof $52 million on $52.89 million in revenue in the year-ago quarter. Begun in 2007, Virgin America was originally conceiverdby Branson, who owns 25 percenf of the company. Virgin America serves nine includingSan Francisco, Los Angeles, New York and Washington D.C.