The plane - an Airbus A320 - first flew in late 2011, and it has the quote written on its nose.
"The 'Stay Hungry, Stay Foolish' aircraft name was actually submitted as a tribute to Mr. Jobs by one of our employees in an internal plane naming competition," Virgin America spokesperson Abby Lunardini told CNET.
Virgin America is "known for tech-forward amenities we offer onboard," said Lunardini. It was the first carrier to offer fleetwide Wi-Fi in May 2009, and it recently unveiled a new in-flight entertainment system, due for a late 2012 consumer release.
As for the quote itself, it originates from the 1970′s magazine The Whole Earth Catalogue, and Steve Jobs uttered it during his 2005 Stanford commencement address, which is considered to be one of the most inspiring speeches from the legendary Apple CEO and co-founder. Check it out in its entirety below.
For more inspirational quotes from Steve Jobs, check out the slideshow below.