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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: private jet

private jet stories: 18 news summaries

 Madonna's New Daughter 
 Leaves Malawi 

Private jet ferries Mercy to London

Jun 20, 09 11:39 AM CDT
(Newser) - Madonna’s newly adopted daughter left Malawi for London yesterday on a plane owned by the pop singer, Access Hollywood reports. Chifundo “Mercy” James was accompanied on the flight by a nanny and child nurse, airport sources said, and should meet her new brothers and sisters—including David, also... More »

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music • Africa • adoption • Malawi • orphan • Madonna • private jet

(Newser) - No one told Nick Popovich there’d be an army of neo-Nazis guarding the plane he’d been hired to grab. But when they put a gun to his temple, he didn’t flinch. “You better go ahead and shoot,” he said, “cause I’m grabbing that... More »

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Repo • adventure • repossessions • private jet

 JPMorgan Spending $138M 
 to Update Swank Jet Fleet 

Two Gulfstreams and a new hangar are slated for purchase

Mar 23, 09 9:14 AM CDT
(Newser) - JPMorgan Chase, recipient of $25 billion in taxpayer money, is about to be the proud owner of two new luxury private jets and a lavishly renovated Westchester County airport hangar, complete with roof garden, ABC News reports. The $138 million purchase, described as “completely tone deaf” by one watchdog,... More »

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Westchester • luxury • private jet • JPMorgan Chase • Gulfstream • TARP

Stanford Had
a Castle, Fleet
of Planes

Paternity-suit docs reveal lifestyle of the rich and fraudulent

Feb 20, 09 1:59 PM CST
(Newser) - Say this for Sir Allen Stanford: He knew how to live large. The alleged fraudster once lived in his own Florida castle, complete with moat, and owned, among other baubles, $100 million worth of airplanes, Bloomberg reports. Those assets and others are detailed in court documents from a paternity case... More »

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fraud • luxury travel • private jet • luxury homes • Robert Allen Stanford • Louise Sage Stanford

Go Ahead, Fly Those Private Jets, Cessna Ads Tell Execs

Bosses challenged to get back on board

Feb 12, 09 4:59 AM CST
(Newser) - Private jets may have become a despised symbol of high-flying corporate access, but that shouldn't make bosses too shy to fly, a new Cessna ad campaign tells execs. The ads, which boldly announce "timidity didn't get you this far," are part of a public relations push to fix... More »

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advertising • Cessna • advertising campaign • private jet • executives • flying

 Team Obama Nixes 
 Citi's Private Jet Buy 

Treasury tells bailed-out bank to ditch $50M plane

Jan 27, 09 7:58 AM CST
(Newser) - Hours after the New York Post trumpeted Citigroup's plan to go through with the purchase of $50 million, French-made private jet yesterday, Citigroup got a call from Treasury telling the bank to think again. The Obama administration has made a lot of noise about enforcing accountability on bailout funds, Politico... More »

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Citigroup • Treasury Department • bailout • private jet • Obama administration • financial crisis • President Obama

Citigroup Drops $50M on Fancy Corporate Jet

... After taking $45B in federal bailout funds, fumes indignant Post

Jan 26, 09 12:26 PM CST
(Newser) - Citigroup may be going down in flames, but at least the seats will be nice. Citigroup is buying a brand-new $50 million corporate jet, the New York Post reports, headlining the sale, “JUST PLANE DESPICABLE,” on account of the $45 billion the company has received from Uncle... More »

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Citigroup • New York Post • luxury travel • corporate governance • bailout • private jet • financial crisis • recession depression

Once-Richest Aussie
Dumps His Playthings

With fortune halved by downturn, James Packer selling $50M yacht, postpones pool

Jan 19, 09 4:16 PM CST
(Newser) - The recession is forcing one of Australia's richest men to cut back on the playboy life, the Sunday Telegraph reports. James Packer, son of media mogul Kerry Packer, is selling his $50 million yacht, halting the construction of a $3 million pool complex at his family home, and pushing back... More »

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Australia • lifestyle • James Packer • private jet • superyachts • swimming pool • Kerry Packer • financial crisis

Companies Fly to Unload Private Planes

Putting jets on block may be more about image than money

Jan 9, 09 3:01 PM CST
(Newser) - The business-jet industry couldn’t have asked for worse PR than members of Congress ripping auto executives for traveling by company plane to beg for taxpayer money. By the time the Big Three execs returned—by hybrid car—to Washington, the corporate jet was a symbol of bloated corporate excess,... More »

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Chrysler • Citigroup • General Motors • Ford • jet • airplane • US automakers • private jet • financial crisis

Liz Claiborne CEO Flies Coach to Cut Costs

And he may soon have company

Dec 30, 08 12:47 PM CST
(Newser) - Like most CEOs, William McComb is a jet-setter, flying 200,000 miles a year, give or take. But unlike most CEOs, he does it in the cheap seats, flying exclusively on commercial jets, and almost always in coach. “Every penny counts,” he reasons, given that his company, Liz... More »

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executive compensation • CEO • Liz Claiborne • private jet • financial crisis

 Wall Street Execs 
 Still Fly Private Jets 

Costly travel rationalized as time saver

Dec 22, 08 5:47 AM CST
(Newser) - Six ailing Wall Street firms that eagerly took bailout funds still spend thousands to operate fleets of private jets that whisk their executives to company—and personal—events, AP reports. AIG, which scooped up $150 billion from the government, beats its peers with a seven-jet fleet. Fuel alone for a... More »

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Wall Street • executive compensation • air travel • luxury travel • private jet • investment banks • corporate execs • banks • financial crisis • Wall Street bailout

GM Doesn't Want You Tracking Its Private Jet

Automaker asks feds to block public tracking of plane leased for execs

Nov 27, 08 3:05 PM CST
(Newser) - General Motors doesn’t want the public tracking a private jet used by its executives, Bloomberg reports, asking the Federal Aviation Administration to block it from its public service. “We availed ourselves of the option as others do to have the aircraft removed,” said a GM spokesman, though... More »

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General Motors • auto industry • Rick Wagoner • bailout • private jet • financial crisis

GM Shrinks
Fleet of Corporate Jets

Automaker, pilloried on Capitol Hill, is retiring two of five planes

Nov 21, 08 1:38 PM CST
(Newser) - After facing turbulence on Capitol Hill over its corporate jets, General Motors is cutting two aircraft from the ranks, the Detroit News reports. “This is strictly the result of drastic cutbacks in travel around the globe,” said a spokesman. The automaker, which began this year with seven jets,... More »

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General Motors • Detroit • Ford • Alan Mulally • auto industry • Rick Wagoner • bailout • private jet • financial crisis

OPINION

 Auto Execs Hit Turbulence Over Private Jets

Legislators put screws to extra-shiny tin cups

Nov 20, 08 7:49 AM CST
(Newser) - Take three auto execs, add the private jets each took to a Capitol Hill hearing to beg for a federal bailout, and you get a recipe for the heaping helping of humble pie legislators served up, writes Dana Milbank in the Washington Post. "There's a delicious irony in... More »

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Chrysler • executive compensation • General Motors • Ford • auto industry • private jet • financial crisis • Dana Milbank • auto bailout

 Once-Brash 
 Big Apple
 Wilts in Crisis

Once-brash Big Apple is reeling from Wall Street crisis

Oct 12, 08 3:47 PM CDT
(Newser) - A New York state of mind is giving the city’s big spenders a migraine, the Washington Post reports. Economic meltdown has withered the Big Apple, where private jet and yacht bookings are off, lavish parties are being trimmed, and lofts sit freshly vacant. Worse, the Mets and Yankees are... More »

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Wall Street • real estate • New York • yachts • private jet

Today's Hitchhikers Fly by Cushy Private Jet

High society fliers take rides with friendly billionaires

Jul 12, 08 3:03 PM CDT
(Newser) - Today’s brand of hitchhiker isn't on a street corner thumbing rides, but at airports that serve cushy private planes, the New York Times reports. Seeking the prestige and elation of flying in a $40 million jet, these riders reserve seats with friendly billionaires. “There are a lot... More »

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money • travel trends • luxury travel • airplane • private jet

 Baba Wawa 
 Flies High 
 on Book Tour  

Author picks up tab for private jet travel

May 6, 08 10:58 AM CDT
(Newser) - Barbara Walters is footing the bill so she can travel in style during her 25-city book tour, the Daily News reports. The 78-year-old, who received a $3 million advance for her memoir Audition, will not only pony up for private jet trips, she'll also bring along her hair and makeup... More »

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Barbara Walters • memoir • book • private jet

Jet-Setting Governor Irks Californians

Critics question Schwarzenegger's daily polluting commute

Mar 7, 08 7:02 AM CST
(Newser) - Californians are complaining about a governor who rarely spends a night in the state capital and dirties the air with almost daily commuter flights on a private jet, reports the Los Angeles Times. Arnold Schwarzenegger spends most nights at the family home in Brentwood in southern California. Critics say spending... More »

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California • pollution • Arnold Schwarzenegger • Sacramento • commuting • governor • private jet

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