The billionaire entrepreneur made the wager with AirAsia chief executive and fellow racing team owner two years ago, as to which of their Formula One teams would finish ahead of the other, the loser serving as a flight attendant aboard the winners airline.

“Yeah, it’s true. We both had Grand Prix teams and I was absolutely certain that I was going to win,” Branson said.

Branson’s team Virgin finished two places behind Fernandes’s Lotus at the World Constructors’ Championship.

“I went to extreme lengths to avoid being here, but knew that one day I had to get it over with.” Branson said in a report by

Branson dropped-his-dacks at a Perth bar allowing AirAsia stewardesses to shave his legs in preparation for the stunt on a charity fundraising flight from Perth to Kuala Lumpur.

He then donned false eyelashes, lipstick, stockings, and a striking red skirt-suit to stand in as the AirAsia ‘trolley dolly’.

“Have you not seen a stewardess with a beard before?” Branson stated before boarding the flight, to which a cheeky cameraman replied, “Only on Qantas!”.

Image: Getty