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Virgin America Cuts Airbus Order, Delays Jets to Survive

Virgin America Inc., the low-fare airline partly owned by Richard Branson, will cut one purchase of Airbus SAS jets by two-thirds and delay deliveries of a newer model as it focuses on long-term survival over expansion.

The carrier will now take 10 Airbus A320 planes, down from its original order for 30, in 2015 and 2016, according to a statement today. Those 10 aircraft are the last of the original batch, as the first 20 were to be handed over to the Burlingame, California-based airline from 2013 through 2015.