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Virgin America signs $39m financing for an A320

Virgin America has signed a senior secured $39.3 million private placement for an Airbus A320 due in February 2016.

The deal is structured as a lease financing transaction with the Burlingame, California-based carrier’s wholly-owned VX 2015 subsidiary owning and financing the A320 and leasing it to the airline under the agreement signed on 5 October.

The $39.3 million in debt is split between senior notes with a 12-year tenor and junior notes with a seven-year tenor, both of which are priced at a margin over Libor. The notes will be funded upon delivery of the aircraft.

New York Life Insurance and its affiliates are the initial senior purchasers and Investec is the initial junior purchaser, a stock exchange filing shows.

Virgin America has the option to prepay the debt after three years from close.


Virgin America gate agent improves boarding sign with A+ dad jokes

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If you’ve gotta have a job, you might as well have fun with it.

It’s kind of a bummer being involved in the cycle of production, consumption and advertising whenever we’re not asleep, so it’s nice to celebrate people who manage to have fun and make human connections at their jobs. On that score, let us now praise this witty Virgin America gate agent, who could have put boring messages on the boarding signs at his station, but decided instead to use his power for good.

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The wily Virgin American, alias Rootbeer1, posted a collection of his highest jinks from 2014-2015 on Imgur. They’re dad-level jokes, but their mere presence is subversive in its own mild way. As U.S. Poet Laureate Kid Rock once said: “Hey, authority: [photo of Kid Rock’s middle finger].”

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Unfortunately, the occasion of Rootbeer1 posting his tomfoolery is a sad one. “New owner Alaska Airlines isn’t really known for a cheeky corporate culture, so signs like these are most likely going away,” he wrote.

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Carry on your wayward son, there’ll be peace when you are done.


Virgin America Signs Support Agreement for LEAP Engines

Virgin America signed a rate per flight hour (RPFH) agreement with CFM International to support 60 LEAP engines the airline ordered to power its new Airbus A320neo aircraft. Under the terms of the comprehensive services and support agreement, which is valued at approximately $400 million over its 12-year term, CFM will guarantee engine maintenance costs on a dollar per engine flight hour basis. Virgin America is the launch customer for CFM’s advanced new engine scheduled to enter service on the A320neo in 2016.

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This Virgin America Employee Writes The Most Hilarious Signs

This is why people love this airline so much.

If you've ever taken a Virgin America flight out of San Francisco, you might have seen Steve Freitag.

That's Steve and his unanimously voted epic beard right there.

For years, Steve and his gate crew have been having a bit of fun with the messages on gate signs.

The result is a seriously hilarious collection of signs.

Honestly, most airlines should play "Yakety Sax" during boarding.

Sometimes, Steve will even get in costume to add to the joke.

This one was on April Fools' Day, natch.

For example, his "Hipster Santa" outfit around Christmas.

According to Steve, Virgin encourages employees to make the air-travel experience fun.

"Our management at Virgin America encourage us to be creative and have fun on the job, and even say 'bring your personality to work,'" Steve told BuzzFeed.

Basically, as long as the sign isn't being used for any important announcements, it's fair game for the employees to mess with.

"If we don't have other information to convey on the signs (such as weather delays), we can have fun and joke around, so long as the signs aren't insulting or mean-spirited," he added.



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