Wed, May 26, 2004
Virgin USA Close To Decision On Hub
Where will Richard Branson's
American budget carrier land?
Answer: Not Boston or Dulles.
Virgin USA is looking for a hub in this country and Branson, the
airline's founder, says it won't be either of those airports.
Instead, he named New York and San Francisco as finalists.
But, strangely enough, Branson's spokeswoman, Lori Levin, said
that may not be the case.
"You've got a broad statement from our chairman, but at the end
of the day Fred Reid will be heading up this airline in the states,
not Richard Branson," Levin told the Boston Globe. "Right now were
worried about raising the equity, finding the investors and making
it the best airline we can."
Branson indeed appears to have bigger fish to fry. Being from
another country, he needs partners to run Virgin USA -- he can only
own 25-percent of the company. He's also shopping for aircraft,
holding talks with Boeing and Airbus.
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