The declaration of bankruptcy will allow the company to be sold as soon as possible and at “maximum value”. This confidence was expressed by Dan Hart, CEO of Virgin Orbit. According to him, the company is confident of selling at maximum cost because the advanced launch technology developed by Virgin Orbit experts will have broad appeal to buyers.
“While we are making great efforts to improve our financial position and secure additional funding, we must ultimately do what is best for the business,” Hart said.
Source: Ferra
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