Billionaire financier Dermot Desmond has returned to investing in the aviation sector with the purchase of a majority stake in a private jet company.
Desmond has purchased over 50 per cent of ExecuJet Aviation, a Zurich-based firm run by Niall Olver, who is originally from South Africa.
Desmond hopes to cash in on the growing international demand for private jets. The purchase and lease of jets has become so popular that waiting lists are in operation...
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