From the Daily Intelligencer (internal links omitted):
Richard Branson was late to his own party at the Box for Virgin America Airlines’ inaugural flight from LAX to JFK. He blamed, no joke, flight delays. Daily Intel caught up with him and asked about the now-famous incident when he angrily splashed Stephen Colbert with a glass of water during a taping of the Colbert Report. Turns out all is forgiven. He and Virgin America CEO Fred Reid also have plans for hotels in space and fond memories of the time Branson threatened to throw Janet Jackson off of a hot-air balloon. It’s all after the jump.
New York: Has Stephen Colbert lost his VIP privileges after that water incident?
Branson: (laughing) I have to think about this. I suspect that we have room in the toilet for him. The back left-hand toilet is where Colbert will sit when he flies on Virgin.
Reid: And the door only locks from the outside.
New York: So everything is good post-water-incident?
Branson: It’s like love. When you have embarrassed somebody you can also make up.