Virgin Atlantic files for bankruptcy protection in the U.S.
A month after announcing that it had secured financing to ensure the airline’s continuation for the next 18 months, Britain’s Virgin Atlantic has filed for Chapter 15 bankruptcy protection in the U.S. The move is a strategic one employed by non-U.S. companies to restrict creditors from tying up assets or filing a lawsuit in the […]
Virgin Atlantic files for bankruptcy protection in the U.S. Read More »