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Richard Branson’s Virgin Atlantic files for US bankruptcy protection – ABC News
Hammered by the coronavirus pandemic, Richard Branson’s Virgin Atlantic is eyeing a new plan to keep the airline afloat.
Virgin Atlantic has filed for protection in a US bankruptcy court as it tries to survive the virus pandemic hammering the airline industry.
Key points:
- The bankruptcy filing was part of a court process in the United Kingdom to carry out a restructuring plan
- The process is supported by a majority of the airline’s creditors
- Virgin Atlantic stopped flying in April due to the pandemic and only resumed flights in July
The airline founded by British businessman …
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