Friday , 7 October 2022

Tag Archives: Virgin Atlantic

Virgin Atlantic files for bankruptcy protection in United States

UNITED Kingdom based carrier, Virgin Atlantic has filed for Chapter 15 bankruptcy protection in New York in the United States as the global airline industry reels from the coronavirus pandemic. The protection under chapter 15 of the US bankruptcy code allows a foreign debtor to shield assets in the country. The crisis-hit Airline in July received a ¬£1.2 billion ($1.5 …

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