Virgin Atlantic files for bankruptcy as Covid continues to hurt airlines

  The Guardian 

Image source : theguardian.com
Airline seeks protection under US’s bankruptcy code, allowing it to shield assets in the country Virgin Atlantic has declared itself bankrupt and is seeking protection from creditors in the United States, according to a court filing in New York on Tuesday. The airline is seeking the protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. Continue reading...

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