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Business

Setback for Wagner Corporation's Wellcamp airport as Virgin Orbit announces bankruptcy

Virgin Orbit John Wagner Jonti Horner United States Queensland
Virgin Orbit's novel method of launching rockets involved dropping them from under the wing of a jumbo jet. (Supplied: Virgin Orbit)

A US company that was due to launch rockets from Queensland has filed for bankruptcy, dealing a blow to a regional airport that was selected to be a base. 

Richard Branson's Virgin Orbit was due to launch rockets from Wellcamp Airport near Toowoomba in 2024. 

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