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Rescued Citigroup Shelling Out $50M for Corporate Jet
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| Parent(s) |
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| Contributor | Servo |
| Last Edited | Servo Jan 26, 2009 08:33pm |
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| Category | Report |
| Media | TV News - FOX News |
| News Date | Tuesday, January 27, 2009 02:00:00 AM UTC0:0 |
| Description | Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet -- only this time, it's the taxpayers who are getting screwed.
Even though the bank's stock is as cheap as a gallon of gas and it's burning through a $45 billion taxpayer-funded rescue, the Citigroup's execs pushed through the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal.
The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault's sales literature. It can cruise 5,950 miles before refueling and has a top speed of 559 mph. |
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