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…
OA MEA E AVEA MAI LENEI TUSI:
- Vaega 15 puipuiga o lona uiga o le kamupani vaalele o loʻo faʻagasolo le toe faʻatulagaina ma e le o alu ese pisinisi.
- When an organization is liquidating operations, that is when Chapter 7 protection comes into play.
- Ua faila e le Virgin Atlantic Airway mo le Vaega 15 puipuiga o le gaumativa i aso nei i le Itumalo i Saute o Niu Ioka.