Virgin America preps IPO

Virgin America has filed for an initial public offering of shares. Barclays and Deutsche Bank Securities are the lead underwriters. Stock will be offered by Cyrus Capital Partners as well as by employee and holding companies. The number of shares on offer and the price have yet to be determined, although the registration statement filed with the US Securities & Exchange Commission states that the airline seeks to raise $115 million. The document states that the proceeds from the sale will be used for “general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital