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Virgin Atlantic files for Chapter 15 bankruptcy in New York
Business

Virgin Atlantic files for Chapter 15 bankruptcy in New York

Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.Richard Branson's Virgin Atlantic is the second Virgin airline to declare bankruptcy as pandemic rips apart the industry.

Updated 05 Aug, 2020 01:53am