Stephens Starts Southwest (LUV) at Overweight

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Go back to Stephens Starts Southwest (LUV) at Overweight

Virgin America receives takeover offers: source

March 28, 2016 4:10 PM EDT

(Reuters) - Virgin America Inc (NASDAQ: VA) has received takeover bids from JetBlue Airways Corp (NASDAQ: JBLU) and Alaska Air Group Inc (NYSE: ALK) as the U.S. budget airline backed by British billionaire Richard Branson explores a sale, a person familiar with the matter said Monday.

Asian airlines have also expressed interest in buying Virgin America, although they would have to partner with a U.S. bidder under foreign ownership rules governing U.S. airlines.

The source asked not to be identified because the sale process is... More