Virgin Atlantic goes bankrupt

Virgin Atlantic goes bankrupt

Other airlines have declared bankruptcy. Virgin Atlantic has declared bankruptcy in the United States. The airline belongs to Richard Branson. Earlier, other airlines belonging partly to the billionaire, Virgin Australia, went bankrupt.

Virgin Atlantic has benefited from state aid in the form of a grant. The company’s account received 1.5 billion dollars, which were to help maintain the company. This did not bring the expected results.


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