Virgin Atlantic Billionaire Richard Branson 'feels sadness' over selling his airline Billionaire Richard Branson 'feels sadness' over selling his airline

Sir Richard Branson has complained about having to sell his US airline - even though it will make him more than $786 million (£550 million).

The head of Virgin Group said that he felt ‘sadness’ after Virgin America was bought by Alaska Airlines under a $2.6 billion deal (£1.8 billion).

The companies put the transaction's value at about $4 billion, since Alaska will also be taking on Virgin America's debt and aircraft operating leases.

Virgin America Sells to New Group

Cheap airline Virgin America may have a new owner recently. According to information given by the source close to the subject, the leading US airline JetBlue Airways and Alaska Air Group, has bid for Virgin America.