Virgin Atlantic airline files for US bankruptcy protection

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Virgin Atlantic, the airline founded by British businessman Richard Branson, has filed for bankruptcy protection as the pandemic hammers the airline industry.

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FILE - In this June 16. 2011, file photo, Richard Branson, president of Virgin Atlantic Airways, attends a news conference in Miami Beach, Fla. Branson announced that Virgin was starting flights between London and Cancun, Mexico. Virgin Atlantic, the airline founded by British businessman Branson, filed Tuesday, Aug. 4, 2020, for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S.

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

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Scheme of Trump/Putin Autoritarian State like Russia nepotism.

Ravnski When I read bankruptcy, I think end of the company.Then I reached the 3rd paragraph of the article to find out that it's part of a restructuring process to streamline Virgin Atlantic.

its unfortunate that companies like virginatlantic are being affected negatively by the COVID19 pandemic ..But 1thing is sure they ll overcome this .meanwhile they should watchfullvideo to Evgdagreat 's hit GiveYourSelfBrain

Criticize the system, yet use it to protect yourself.................

This is a misleading headline. Chapter 15 is a procedural filing in order to support their solvent recapitalisation in the UK. Virgin is not declaring bankruptcy in the way people will take that to mean. You should delete this tweet.

Like many corporate bankruptcies owners/directors take money out of the business then file for bankruptcies leaving the creditors out of pocket. Legalised corruption. We have seen too many if these where the owners/directors continue to live a millionaire/billionaire lifestyles

I don't begrudge the wealthy. But he better not get any bailout money from the US.

My favorite airline!!

Gee, didn't it have more passengers than Virgin Galactic ? Asking for an unnamed country with it's own Space Force....

JaceSister Nope sorry. Should have saved for a rainy day.

I'll hammer your British virgin in a minute.

Guess he won't use his zillions to pay the bills?

I hear his new cruise line is in deep shit too and it hasn't even launched yet

The rich get richer . . .

GOP is calling to see how much money they need. They can't wait to help a business.

He can f*ck right off.

Billion dollar company filing for bankruptcy yeah okay.... lol. A way to guarantee money from the government complete greed from VirginAtlantic

Why are Mexican and Latin American Airlines filing in the US?

Go WOKE go broke.....

This only means one thing... They'll rename and get back to business with a major tax break and a clean slate, with the help of CRIMINAL friend realDonaldTrump. Virgin

Too many of my friends in the airline industry have been laid off or are waiting for yet another round of layoffs. Da Fuhrer keeps golfing amd pretending nothing is wrong. TrumpIsALaughingStock November3rd 🌊

Uh oh. Well you know as they say, “As goes Virgin Atlantic airways, ....”

Guess he’s not going for a ride into space now. 🤷🏼‍♂️

isn’t he being shot into space?

Oh man poor Richard he’s gonna lose everyth- hahaha never mind he’ll somehow get richer because of it.

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Virgin Atlantic files for bankruptcy in the USCNN News, delivered. Select from our newsletters below and enter your email to subscribe. Ooof. It was inevitable. Maybe though Sir Richard can ask the British Virgin Islands for a bailout as that is where he is based. virgin
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Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protectionVirgin 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. Hey guys what have you done with the billions? To bad I like the name. What a mess...how many more? Though it's a good move.
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Richard Branson’s Team Dismiss Bankruptcy Reports – It’s All Part Of The Plan, Says Virgin AtlanticSir Richard Branson’s Virgin Group has moved to deny reports his Virgin Atlantic airline has filed for bankruptcy, as widely reported in the U.K. media. ?! Well you cant say he doesn't have great foresight in the future. A guy to watch out for. Never take financial advice from people who have less than yourself, Branson has more than myself and whoever wrote this story....
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Virgin Galactic reveals new supersonic jet design that would fly three times speed of soundVirgin Galactic has premiered a new jet design for high-speed air travel: a streamlined, Concorde-esque delta-wing aircraft with capacity for nine to 19 people. The super-fast jet will travel at Mach 3 — three times faster than the speed of sound. Yeah I would never lol
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What is Chapter 15 bankruptcy? Virgin Atlantic explained - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Virgin Galactic reports another quarterly loss, aiming to fly Richard Branson in early 2021Space tourism venture Virgin Galactic reported second quarter results after the bell on Monday. It’s a p o s ok bullish bullish
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