https://www.reuters.com/article/us-virgin-atlantic-bankruptcy-idUSKCN2502RZ

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WASHINGTON/LONDON (Reuters) - 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. FILE PHOTO: Virgin Atlantic and TUI Airways aircraft are seen at Manchester Airport, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, June 8, 2020. REUTERS/Phil Noble. Virgin Atlantic’s filing in U.S. bankruptcy court in the southern district of New York said it has negotiated a deal with stakeholders “for a consensual recapitalization” that will get debt off its balance sheet and “immediately position it for sustainable long-term growth.” Full story

4 August

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