Branson's Virgin Orbit files its Chapter 11 bankruptcy plan

Virgin Orbit Holdings

20/04/2023 04:03

April 19 (Reuters) - Virgin Orbit Holdings and its
subsidiaries in the United States filed its Chapter 11
bankruptcy plan with the U.S. Bankruptcy Court for the District
of Delaware, the company said in a statement on Wednesday. 
    Earlier this month, Virgin Orbit Holdings Inc  VORB.O  filed
for Chapter 11 bankruptcy protection after the satellite
launching business struggled to secure long-term funding
following a failed launch in January. 

 (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by
Nivedita Bhattacharjee)
 ((Jahnavi.Nidumolu@thomsonreuters.com;))