Richard Branson's Virgin Orbit prepares for insolvency amid emergency funding requests

Richard Branson's Virgin Orbit prepares for insolvency amid emergency funding requests

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Virgin Orbit is preparing insolvency plans in case it cannot secure emergency funding from investors this week, according to Sky News. The Virgin Group is reportedly working with Ducera and Alvarez & Marsal (A&M) to draw up fallback plans in case funding cannot be secured. Virgin Orbit paused all…

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