Fenwick & West guides Virgin’s US entry

Virgin America has appointed US firm Fenwick & West to advise on the $200m (£100.8m) financing exercises related to its launch in the US.

Fenwick’s eight-member transactional team worked on the financing for the airline’s launch, which comprised two rounds of raising both debt and equity funding.

Partners Gordon Davidson, David Bell and Blaken Stafford led the team, assisted by associates Matthew Rossiter, Paul Dutton, Ryan Hayes and Aaron Kornfield.

The main investors in the airline are US-based Cyrus Group and Black Canyon Capital, as well as the UK’s Virgin Group.

The completion of the financing exercise earlier in the month was followed by Virgin America’s inaugural flight from New York’s John F Kennedy International Airport to Los Angeles International Airport, and then onwards to San Francisco.