OpenSkies' debut is stealing the headlines today (read my take below), but the American child of the UK's other airline is also in the news. Unfortunately, it is not good.
A couple days ago they announced a 10% reduction in services via the reduction of a midweek flying and also the strange launch of JFK-LAS service. Buried in the news reports though was a interesting tidbit reported by the Guardian's Andrew Clark (via Sharkey) . Virgin America "asked the US department of transportation for a special exemption from revealing the extent of its losses." Further reports indicate they are out on roadshows seeking new investing.
Sure, Richard Branson has deep pockets. But, he has hit the ownership limit and, more importantly, the company likely can not seek additional foreign equity. Good luck with those US investors.
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