Virgin Atlantic Airway has filed for Chapter 15 bankruptcy protection today in the Southern District of New York. Chapter 15 protection means the airline is in the process of restructuring and is not going out of business. When an organization is liquidating operations, that is when Chapter 7 protection comes into play. Virgin Atlantic is…

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Chapter 15 protection means the airline is in the process of restructuring and is not going out of business.
When an organization is liquidating operations, that is when Chapter 7 protection comes into play.
Virgin Atlantic Airway подаде молба за защита от фалит по Глава 15 днес в Южния окръг на Ню Йорк.