Virgin America To Go Public
RENEE MONTAGNE, HOST:
NPR's business news starts with a high-flying IPO.
(SOUNDBITE OF MUSIC)
MONTAGNE: Virgin America aims to go public this year after recording its first profits since it was founded 10 years ago. Barclays and Deutsche Bank will co-lead the IPO.
Virgin Airlines is currently backed by billionaire Sir Richard Branson. And it was last year's Conde Nast Traveler Reader's Choice pick for best U.S. airline. The IPO is slated for the second half of the year.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.