Money > UK

Virgin Atlantic Files For Bankruptcy And Could 'Run Out Of Money By September'

1 month ago   |   By Huffington Post

Get the latest on coronavirus. Sign up to the Daily Brief for news, explainers, how-tos, opinion and more. Virgin Atlantic has filed for bankruptcy and is seeking protection from creditors in the US as it struggles to survive the coronavirus pandemic's devastating effect on the airline industry, a court has heard. The airline, founded by billionaire Sir Richard Branson, could run out of money by the end of September if creditors do not approve a £1.2bn bailout package. The news comes after Virgin Atlantic announced it was closing its Gatwick operation and axing 3,150 jobs - around a third...
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Coronavirus: Virgin Atlantic files for bankruptcy in US in fight for survival

Coronavirus: Virgin Atlantic files for bankruptcy in US in fight for survival

1 month ago   |   By Wessexfm

Virgin Atlantic has filed for bankruptcy in the US as part of its bid to survive the coronavirus pandemic that has devastated the aviation industry.
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