Virgin Atlantic has filed for Chapter 15 bankruptcy in New York. Chapter 15 bankruptcy allows a representative of a corporate bankruptcy proceeding outside the U.S. to obtain access to the United States courts. Virgin Atlantic is the... Read More →
Tag - bankruptcy
Avianca Files For Chapter 11 Bankruptcy
As per Reuters Avianca has filed for Chapter 11 bankruptcy. The decision to file was likely prompted by a bond payment deadline and requests for aid from the Colombian government being unsuccessful. All is not lost for the airline or... Read More →