Virgin Atlantic Files For Bankruptcy in the US

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The UK based airline is in the process of finalizing a $1.5 billion rescue plan, and to secure that plan, it filed for chapter 15 bankruptcy protection in NY on Tuesday. This is the aviation industry’s worst crisis ever, and several carriers have filed for bankruptcy. According to the International Air Transport Association, the industry will fully recover no sooner than 2024.

Source: CNN

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22460cookie-checkVirgin Atlantic Files For Bankruptcy in the US