Cutting ties for unexplained reasons on the same day Virgin Atlantic started [edit:] chapter 15 bankruptcy
It said it delivered a termination notice on July 29, which Virgin is disputing.
No reason to give away equity to a group that isn't adding any value. With Virgin Australia & Virgin Atlantic both in bankruptcy, and Delta and UK unwilling to help Virgin Atlantic, Richard Branson has an uphill battle to remain in control. Just looked at Virgin's website; Can't believe how many Virgins there are. Virgin Trains (UK) lost their franchise in December over some kind of pension dispute with the government.