Reports of a bankruptcy filing in New York.
Richard Branson's Virgin Atlantic is the second Virgin airline to declare bankruptcy as pandemic rips apart the industryDavid Slotnick
37 minutes ago
- Richard Branson's Virgin Atlantic airline filed for Chapter 15 bankruptcy in New York on Tuesday.
- The airline, which only flies long-haul international routes, suspended passenger flights in April due to the coronavirus pandemic. It resumed flying passengers in July, despite little demand for international travel.
- The airline, which is 49% owned by Delta, has cut more than 3,000 jobs, retired some planes, and closed bases to cut costs during the pandemic.
https://www.businessinsider.com/virg...andemic-2020-8
More on Chapter 15 bankruptcy for the sea lawyers here:
https://www.uscourts.gov/services-fo...kruptcy-basics
Last edited by Airbubba; 4th Aug 2020 at 20:07.