Virgin Atlantic has filed for bankrupt protection from creditors in the US, according to a court filing in New York on Tuesday. The announcement comes little more than a month after Virgin Atlantic announced it had secured funding to survive for another 18 months. Virgin Atlantic flies only long-haul international routes and suspended flights in April due to the coronavirus pandemic. Virgin Atlantic also owns Virgin Atlantic Holidays, a tour operator business and Virgin Atlantic Cargo. The high-profile Branson had attracted criticism after calling for a government bailout for Virgin Atlantic to survive the downturn.

Source: The Guardian August 04, 2020 21:52 UTC