Virgin America files for IPO

Posted online July 28, 2014 | 6:42 am

Low-cost U.S. airline Virgin America filed for an initial public offering on Monday after posting its first annual profit.

Virgin America, known for its stylishly upholstered aircraft replete with purple lighting and fancy touch-screen seat displays, lasat year posted profits of $10.1 million, according to the New York Times.

The IPO will be led by Barclays and Deutsche Bank.

Read more from the New York Times.

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