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Virgin America shares jump 10% on report of possible sale


Virgin America shares popped Wednesday on a report the airline is considering a sale.

Virgin America is contacting possible buyers about selling part or all of the company, Bloomberg reported, citing people with knowledge of the matter. The company is working with a financial adviser, but may choose not to seek a sale, the report said.

A Virgin America plane at the San Francisco International Airport.
David Paul Morris | Bloomberg | Getty Images
A Virgin America plane at the San Francisco International Airport.

Virgin America's stock rose more than 10 percent Wednesday after being temporarily halted.

The California-based airline, backed by billionaire Richard Branson, was launched in 2007. It went public in late 2014.

For 2015, the company reported total operating revenue of $1.53 billion, up about 3 percent from the previous year.

Virgin America did not immediately respond to CNBC's request for comment.