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Tesco executives were left red in the face as they accepted the delivery of a corporate jet valued at £31 million.

The jet was ordered in early in 2013, however the delivery was poorly timed, coming  just days after a £250m dip in profits came to light and in the wake of accounting scandal revealed last week.

This is the latest bit of bad news for the brand, who were trying desperately to win back the trust of investors and shareholders after a whistleblower revealed their financial struggles.

They’re now being investigated by the Financial Conduct Authority, who are unlikely to appreciate the newest vehicle in the Tesco fleet.

The Gulfstream 550 (similar to the one pictured) is one of five Tesco-owned jets, all of which are now being sold off to recover some of the lost funds.

It’s expected that they will make a loss on the sale but, as they say, every little helps.


New jet brings more embarrassment for Tesco
Digital Mag

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