On Virgin America
My first airline was started out of frustration. As a young record executive, I travelled the world flying by other airlines, but found the experience dreadful. So in 1984 I chartered one second-hand Boeing 747 and offered flights between London and New York. People thought we were mad and bound to…
Hasnain says:
"Because I'm not American, the US Department of Transportation stipulated I take some of my shares in Virgin America as non-voting shares, reducing my influence over any takeover. So there was sadly nothing I could do to stop it."
- Sir Richard Branson, Virgin founder.