Branson's £1m for Concorde to fly again

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A group founded by former pilots and executives involved with the supersonic plane has identified one which they claim could fly again within three years.

If they succeed in buying it, Sir Richard will give £1million to the £10-£15million scheme.

The plan is the brainchild of Club Concorde, whose board members worked on the plane, which last flew in 2003 after 34 years of service.

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Sir Richard Branson is supporting an ambitious project to return Concorde to the skies

Ben Lord of "Save Concorde", a partner in the project, said: "We have the backing of 30,000 supporters and are in talks with major investors.

"We have earmarked a Concorde which is at the French Air and Space Museum near Paris. It's just French bureaucracy that stands in our way."

A spokesman for Sir Richard's Virgin group said: "His desire for Concorde to fly again is well-known. He is passionate about it."

The spokesman added that getting Concorde in the air again may be 'unrealistic' because so much time had passed.

But Club Concorde president Jock Lowe said: "We have the high-level political and financial contacts whose combined strength will ensure the return of at least one Concorde to the air within three years."