Bill Gates joins Blackstone in bid to buy British private jet firm

Gates’ Cascade Investment fund teams up with US private equity firm on offer for Signature Aviation

Bill Gates has joined a £3bn bidding war to buy the world’s largest private jet operator just as he prepares to publish his new book How to Avoid a Climate Disaster.

Cascade Investment, the fund that manages much of Gates’s $134bn personal fortune, announced on Friday it had teamed up with US private equity firm Blackstone in a bid for British private jet operator Signature Aviation.

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