Tuesday, April 21, 2020

Sir Richard Branson puts private island up as collateral




Sir Richard Branson has said he will put his private Caribbean island up as collateral in his attempt to persuade the UK government to save his Virgin Atlantic airline from going bust.

Branson, who is the UK’s seventh richest person with an estimated £4.7bn fortune and lives on Necker Island in the tax-free British Virgin Islands, on Monday promised in a public blogpost that he would “raise as much money against the island as possible to save as many jobs as possible.”

Branson, 69, made the pledge as he desperately tried to convince the government to give his airline a £500m bailout to help it through the “devastating impact this pandemic continues to have”.........


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