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05-08-2020, 06:47 AM | #1 | |||
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https://www.bbc.co.uk/news/business-53659844
It makes sense as they can not fly from USA under the Covid Rules. [Virgin Atlantic has filed for bankruptcy in the US as the global aviation industry feels the impact of the coronavirus pandemic. The UK-based airline is seeking protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the country. It is the second Virgin-branded airline to struggle this year. Virgin Australia went into administration in April. Meanwhile, Virgin Australia's new owner Bain Capital is set to cut 3,000 jobs.] |
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