Virgin America, the U.S. airline formed by billionaire Richard Branson's Virgin Group seven years ago, has filed for an IPO.
While the West Coast-based airline got its name from Branson's Virgin Atlantic airline, it is not mostly owned by Branson, Virgin Atlantic or Virgin Group. That's because Americans must own most of an airline in order for it to fly between U.S. cities.
Virgin America files for IPO - Jul. 28, 2014
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