Why did ASDA billionaires’ private jets make hundreds of trips to tropical hotspots?

Oct 7, 2024
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The private jets of Asda’s billionaire owners, the Issa brothers, flew between London and the Caribbean more than 50 times over a two-and-a-half-year period, City A.M. can reveal. Zuber and Mohsin Issa, who co-own Asda and the forecourt business EG Group, borrowed £39m from their petrol station empire to fund their purchase of the two aircraft. The arrangement prompted scrutiny from MPs amid concerns Asda’s complex structure and high debts stopped it keeping costs lower during the cost of living crisis. Read the full story 👇 https://www.cityam.com/asda-tycoons-private-jets-flew-to-the-caribbean-50-times-data-reveals/ Get more of City A.M. 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam #UK #news #newsupdate #jets #privatejets #ASDA #Issabrothers #billionaire #flights #flightdata #carbonemissions #travel #environment #flighttracker #tropical Produced by: Larissa Howie, Scarlett Wild, Emmanuel Nwosu, Elliot Gulliver-Needham


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#Tourist Destinations