Virgin Atlantic Files For Chapter 15 Bankruptcy

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 latest of a string of airlines to file for bankruptcy, including AeroMexico, LATAM, Avianca. You can find out what happens to points/miles in the event of filing for bankruptcy here. Virgin Atlantic is 49% owned by Delta Airlines and Delta CEO Ed Bastian has previously stated that Delta will not provide Virgin Atlantic with any cash injections.