Virgin Atlantic has filed for bankruptcy in the US; the UK-based airline is seeking protection under chapter 15 of the US bankruptcy code. The action is aimed at allowing a foreign debtor to shield assets in this country. Virgin Atlantic took the decision just weeks after securing a comprehensive recapitalization. Shareholders and equity investors injected $1.58 billion in the airline, allowing it to restart flights in mid-July. The carrier said in a US bankruptcy court filing that it had sought to negotiate a deal with stakeholders “for a consensual recapitalization” that will get debt off its balance sheet. It is hoped the latest decision will “immediately position it for sustainable long-term growth.” Virgin added it was continuing to operate a limited schedule flying to Hong Kong, New York, Los Angeles and Barbados from its London Heathrow base.