Richard Branson’s airline Virgin Atlantic files for Bankruptcy!

Virgin Atlantic has become billionaire Richard Branson’s second airline to file for bankruptcy this year.

The Virgin Group airline filed for Chapter 15 bankruptcy protection in the Southern District of New York on Tuesday, just hours after the company told a London court it will be forced to fold if a rescue deal isn’t reached by next month.   

This marks yet another blow for Branson’s Virgin brand, coming just months after sister airline Virgin Australia filed for voluntary administration in April.  

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