Virgin America Inc., a US-based startup, announced yesterday that it has secured $177.3 million in committed funding and has filed an application for certification with the US Dept. of Transportation to operate as an interstate carrier. VAI Partners LLC, an investment group funded by Black Canyon Capital and Cyrus Capital Partners, is providing the financing and will assume a 75% majority ownership and control of the airline. Virgin Group, headed by Richard Branson, will supply the ...

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