Tesco abandons controversial corporate jet fleet


Tesco has pulled the plug on the corporate jet fleet that sparked shareholder outrage after the £263m accounting scandal last year.

Just days after news of the accounting scandal broke, it emerged the retailer had spent £31m on a Gulfstream G550 corporate jet.

According to the FT, the last planes in the fleet are now going. The Gulfstream jet reportedly used by former chief executive Philip Clarke has been handed back to its owner, and a Hawker 800 is also being returned, the paper reports.

The move marks the end of the company’s dalliance with corporate aviation, and highlights a significant change in values under new chief Dave Lewis.

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