Richard Branson and Tony FernandesLotus Racing boss Tony Fernandes will auction off seats for charity on the AirAsia plane that Virgin rival Richard Branson will serve as an air hostess for losing a bet.

The two airline bosses laid down a bet at the beginning of the season, whereby the losing F1 team principal would serve as a flight attendant – in full uniform – on the other's airline.

After appearing in the pit lane together at the season finale in Abu Dhabi for a photo opportunity where they were measured up for their uniforms, Fernandes has now revealed more about his plans for Branson.

"It is going to be a London to Kuala Lumpur flight," Fernandes said. "We haven't fixed a date but I was well prepared this weekend. We had a badge made for him that reads 'Richard Branson, Flight Attendant'. And a uniform. The plan is to auction the seats and give the money to charity. We will have the world's media there.

"Many years ago Richard Branson employed me and I worked for him, so I shall look forward to him sucking up to me as a stewardess – with shaved legs!"