Virgin America (San Francisco) has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed Initial Public Offering. In its investors prospectus seen by ch-aviation, the carrier did not disclose the exact amount of stock it intends to sell off simply giving a placeholder fund-raising target of USD115million.

"Barclays and Deutsche Bank Securities are acting as joint book-running managers and as representatives of the underwriters for the proposed offering," a statement said.

Virgin America, a joint-venture between the US-based hedge fund, Cyrus Capital Partners, L.P. and affiliates of Virgin Group Holdings Limited, is a premium-branded, low-cost airline based in California that provides scheduled air travel throughout the continental United States and Mexico.

With a fleet of ten A319-100s, forty-three A320s, it operates primarily from its focus cities of Los Angeles International and San Francisco to 23 business and leisure destinations in North America.