To make a small fortune, invest a big fortune in an airline
Air travel remains an irresistible proposition for many billionaires, but Covid-19 has brought them back down to earth
15 July 2020 - 15:09
London/New York/Hong Kong — It took £200m of Richard Branson’s own money to secure the rescue of his Virgin Atlantic Airways.
The outlay marks the latest example of the industry’s enduring capacity to shrink fortunes, although the British billionaire may not be surprised, having once said: “If you want to be a millionaire, start with a billion dollars and launch a new airline.”..
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