Administrator Deloitte said they had been selected from five non-binding proposals received on Friday. It is seeking a binding agreement with the winning bidder by June 30.
Virgin America's sale, which occurred despite a protest by Branson, a minority shareholder, marked the beginning of the British billionaire's retrenchment from airlines
The acquisition would boost the size of Alaska Air's home market by allowing it to expand into lucrative hubs such as San Francisco and Los Angeles
Virgin America Inc received takeover offers from JetBlue Airways Corp and Alaska Air Group Inc after the carrier backed by billionaire Richard Branson put itself up for sale, according to people familiar with the matter.Discussions between Virgin America and the two bidders are ongoing, and a deal could be announced as early as next week, the people said, asking not to be identified discussing private information. It is unclear if other suitors will emerge, and Virgin America may yet decide to abandon sale negotiations in favour of remaining independent.Last week, Bloomberg reported that the carrier, which flies to destinations throughout the US and Mexico, was working with financial advisers on a sale after receiving takeover interest. Virgin America's stock has been up almost 10 per cent since then, giving it a market capitalisation of $1.3 billion.Virgin America shares jumped as much as 15 per cent, and closed up 10 per cent at $37.70 Monday. JetBlue gained 2.7 per cent to $20.79, w