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VIRGIN ATLANTIC AMERICAN EXPRESS CARD® FROM BANK OF AMERICA YOUR ALL-ACCESS PASS TO THE WORLD AND BEYOND

EARN YOUR WAY INTO SPACE

EARN 3 MILES FOR EVERY $1 SPENT ON VIRGIN ATLANTIC

EARN UP TO 1.5 MILES ON EVERYDAY SPEND

EARN REWARDS AMONG THE BEST IN INDUSTRY

South Norwalk, CT (June 12, 2008) - Virgin Atlantic Airways, one of the leading long-haul airlines, today launched a new credit card, the Virgin Atlantic American Express Card® from Bank of America, which not only enables Cardmembers to earn 3 miles for every $1 spent on Virgin Atlantic purchases - one of the most rewarding major international airline Credit Cards in the market today - but also offers Cardmembers the opportunity to redeem points for exclusive rewards such as a trip into space.

Chris Rossi, Senior Vice President of North America, Virgin Atlantic, stated, "The new Virgin Atlantic Card offers a way to earn Flying Club miles, can get you into space and earns access to the award-winning Virgin Atlantic products and services both in the air and on the ground. This hat-trick of generous miles and benefits is like no other."

There are two versions of the new Virgin Atlantic American Express Card® by Bank of America - black and white. The Virgin Atlantic White Card, which has a lower fee, offers one mile for every dollar in purchases. The Virgin Atlantic Black Card enables Cardmembers to earn more miles by offering 1.5 miles per dollar spent in purchases and more opportunities to earn bonus miles.

Competitive Benefits and Features of Virgin Atlantic Black Card:
- Fly more with Virgin Atlantic? Earn 3 Flying Club miles for every dollar spent on purchases directly with Virgin Atlantic
- Enjoy your morning cup of coffee? Earn 1.5 miles for every dollar spent on everyday purchases
- Bonus miles, you ask? Earn 20,000 bonus miles after first purchase, plus up to 15,000 annual bonus miles when you spend $25,000 and up to 5,000 bonus miles for additional cards
- Interested in Virgin Atlantic Flying Club Gold Member status? Earn one tier point for every $2,500 in purchases and additional tier points when flying Virgin Atlantic toward Flying Club status
- Hop the pond in style? Earn 10 percent off published Virgin Atlantic Premium Economy fares through December 31, 2008
- Want more? Earn exclusive travel and lifestyle offers from participating American Express merchants
- Want even more? Earn VIP access to dining, hotels and events through personal Bank of America concierge service

Cardmember rewards include travel on Virgin Atlantic or one of our 14 airline partners that fly from and around the USA, cabin upgrades, car rentals, hotels, or a trip into space on Virgin Galactic. In fact, from now through the end of January 2009, for every $10,000 a Cardmember spends, he or she is automatically entered for a chance to win a trip into space on Virgin Galactic - without cashing in any of their miles.

"The Virgin Atlantic American Express Card® from Bank of America offers one of the richest rewards platforms in the U.S., with the exceptional benefits and services customers have come to expect from these three leading companies," said Janey Whiteside, Vice President and Group General Manager, American Express Global Network Services. "By combining Virgin Atlantic's superior onboard experience and amenities, Bank of America's commitment to outstanding customer service, and the premium value of American Express and its world-renowned travel services, we're delivering a best in class product that's a first in this market."
James Sebo, Senior Vice President, Bank of America Card Services, stated, "The Virgin Atlantic American Express Card® from Bank of America combines the unique innovations of Virgin Atlantic Airways with the rich American Express global presence and reputation for outstanding Cardmember benefits."

Feel the Earn:
The Virgin Atlantic American Express Card® from Bank of America is now available at: www.virginatlantic.com/plastic

For further details, please contact:
Lauren Verrusio, Virgin Atlantic Airways
203-750-2570
Lauren.Verrusio@fly.virgin.com

Betty Riess, Bank of America
415.622.6397
Betty.Riess@bankofamerica.com