US Dept. of Transportation yesterday tentatively approved Virgin America's plan to "reconfigure its ownership and management structure" and said the carrier could earn its operating certificate if it meets certain conditions, including replacing CEO Fred Reid, who has overseen the certification process since he left Delta Air Lines in April 2004. DOT said VA's revised plan, filed after rejection of the original application on grounds that the airline was not clearly owned and controlled by ...

Subscribe to Access this Entire Article

"DOT tentatively approves Virgin America, but CEO Reid must go" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.