Billionaire Richard Branson discusses Virgin America's sale to Alaska Air Group Inc. and a possible new venture. Branson, along with Virgin Sport CEO Mary Wittenberg, speak to Bloomberg's Cory Johnson. (Source: Bloomberg)Billionaire Richard Branson signaled he may jump back into the U.S. airline business after tussling with Alaska Air Group Inc. over how long the carrier must pay royalties on his Virgin America brand. Alaska has to keep paying “unless we decide to start another airline.
The serial entrepreneur’s comments hint at a return to the U.S. airline industry following Virgin America’s $2.6 billion sale to Alaska in December. Branson maintains he should be compensated for the brand through 2040. Alaska, which plans to retire the Virgin America name in 2019, has said it doesn’t need to pay for a brand it isn’t using.
SNOWBIRD, Utah -- INSP ) CEO Naveen Jain lives in a world somewhere between being tightly wound and having a screw loose. If nothing else, he can be counted on to deliver a pulpit-thumping presentation. "There are two kinds of people in this world, right? Nonbelievers and believers," the animated Jain said to his audience at theInternet conference last week. "In other words, those who don't believe in God, and those who believe in God and InfoSpace.