Richard Branson Offers Private Island to Secure Rescue Money for Virgin Atlantic

Virgin Atlantic founder Sir Richard Branson has stated in a public letter that he is willing to offer his private island as security against any deal from the U.K. government. Although the tycoon has committed $250 million of his own money, Virgin Atlantic says it requires around an extra $615 million in commercial loans. The letter was published to around 70,000 of his employees located across 35 countries on April 20 amid a wide public backlash against the potential use…