April 05, 2016
The combined company, to be based in Seattle, will have 1,200 daily departures and about 280 aircraft—making it the fifth-largest U.S. airline. Altogether the new company is projected to have annual revenues of more than $7 billion.
The deal has received unanimous approval from both Boards of Directors and is expected to close no later than January 1, 2017. Completion is contingent on receipt of regulatory clearance and approval by Virgin America shareholders.