Bill Gates and world’s rich win big on private-jet firm Signature Aviation’s 196% surge

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livemint said that The coronavirus crisis hasn’t stopped the world’s wealthy from flying — they’re just increasingly doing it privately, and some are getting outsized returns from it.

Bill Gates, Nassef Sawiris, James Packer and Kerry Stokes have accumulated more than $1.2 billion in the world’s largest operator of private-jet bases, according to data compiled by Bloomberg. The company, Signature Aviation Plc, has recently become the focus of a takeover fight involving Blackstone Group Inc., Carlyle Group Inc. and Global Infrastructure Partners, helping its shares almost triple since a low in mid-March.

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