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Virgin America Still Looking for Extra Cash

Virgin America may be close to getting another cash infusion, if anonymous sources talking to the Financial Times are to be believed. The extra cash would be the second such round of supplementary financing since the carrier started flying, but word is that VA is looking for less than $100 million this time.

Trying to tamp down speculation that the airline is struggling to stay afloat, investor and board member Robert Nisi told the FT:

The carrier is now filling more than 80 percent of its available seats and should turn a profit by the second half of next year.

Virgin America isn't the only carrier looking for cash: United sold off some assets this week for $275 million while American took out $255 million on credit. As Nisi put it so simply:

Everybody needs money.

Related Stories:
· Virgin America Close to Further Funding [FT]
· What's Next for Virgin America [Jaunted]