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Virgin Atlantic gives in to Covid-19, seeks US bankruptcy protection

The airline made the Chapter 15 filing in US federal bankruptcy court in New York after a proceeding in the United Kingdom

Virgin Atlantic
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Branson appealed to the British government for financial help earlier this year even saying that he would pledge his Caribbean island resort as collateral for a loan but was rebuffed.

AP | PTI New York
Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in US bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.
The airline made the Chapter 15 filing in US federal bankruptcy court in New York after a proceeding in the United Kingdom.
A spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month.
The process is supported by a majority of the airline's creditors, and the company hopes to emerge from

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