Virgin America Investors to Add $100 Mln to Airline, WSJ Say

April 12 (Bloomberg) -- Virgin America Inc. will receive an additional $100 million in capital from U.S. and British investors, the Wall Street Journal reported.

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The airline, which is partly owned by U.K. billionaire Richard Branson, began flights in August and must find a place in the U.S. market during a time of record-high fuel prices and a slowing domestic economy, the Journal said.

The financing will fund future expansion and isn't a response to the deteriorating U.S. airline operating climate, the WSJ said, citing Robert Nisi, a Virgin America board member and chief operating office of Cyrus Capital Partners, a New York- based hedge fund that initially funded about 40 percent of the airline, the newspaper said.

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