Virgin America files for IPO

NEW YORK - Virgin America's next destination is Wall Street. The California-based airline filed on Monday for an initial public offering of shares.

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes. The company offers a variety of perks, such as live TV, movies, leather seats and purple mood lighting.

For the purpose of the filing with the Securities and Exchange Commission, the company said it could raise as much as $115 million, but that number is likely to change.

The company did not say when it expects the IPO to happen or how many shares it plans to sell.

In its SEC filing, the airline said it sees opportunities for expansion.

"We currently serve only 15 of the 50 largest metropolitan areas in the United States and three leisure destinations in Mexico. We believe there are significant opportunities to expand our service from our focus cities of Los Angeles and San Francisco to other large markets throughout the United States, Canada and Mexico."

"We also plan to grow our presence in Dallas, Texas," the airline hinted in its filing.