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Europe's Airports Were Closed 'Too Long': Branson

European politicians closed airports for “too far” and “too long” due to the volcanic ash from Iceland, Richard Branson, the former founder of Virgin Airlines, told CNBC Wednesday.

“I don’t think it will ever happen again,” Branson said, referring to the virtual shutdown of airports for almost a week after the volcano’s eruption. He added politicians should take the opportunity to “learn from this” in the future.

Branson was hopeful the airline industry would be compensated in a similar way that US airlines were after the Sept. 11 attack.