Virgin Atlantic files for bankruptcy due to COVID-19 - The Verge

12:54pm PDT - August 4th, 2020    business - The Verge

Richard Branson’s airline is nearing a $1.6 billion rescue plan in the UK that would restructure the company, so it’s filing for bankruptcy protection in the United States. Virgin Atlantic has said it will run out of cash in September if the plan isn’t swiftl…