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An Air Serbia A330-200. Photo: Adam Moreira (AEMoreira042281), CC BY-SA 4.0 , via Wikimedia Commons
Lessor: Air India Set to Order Around 500 Jets
[ News ]August 4, 2020 5:48 pm ET
By John McDermott

Virgin Atlantic Declares Bankruptcy as Part of Restructuring

Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday, becoming the latest airline — and the second from Virgin Group — to file for bankruptcy protection, Business Insider reports. Virgin Australia filed for voluntary administration in April. Virgin Atlantic originally suspended passenger operations in April. It flies…

[ News ]April 21, 2020 4:58 pm ET
By Jack Dawin

Richard Branson Offers Private Island to Secure Rescue Money for…

Virgin Atlantic founder Sir Richard Branson has stated in a public letter that he is willing to offer his private island as security against any deal from the U.K. government. Although the tycoon has committed $250 million of his own money, Virgin Atlantic says it requires around an extra $615…