Posted on 01/26/2009 5:52:33 AM PST by TigerLikesRooster
Edited on 01/26/2009 6:27:25 AM PST by Admin Moderator. [history]
That’s a good thing?
The Falcon is a very nice airplane and intercontinental-capable. The company I used to work for had one. The owner liked to fly to New Zealand for fly fishing...
Like it or not, corporate jets are a reality in the the business world. It’s the most efficient way to get people where they need to be. Anyone who has been on the airlines since 2001, know what I’m talking about.
Imagine doing business without the internet.
Two thoughts
1: They would miss 3 hours in the departure screening line, waiting for the plane, waiting on the tarmac, etc.
2: How often would we all be better served if they did NOT get where they are going?
Yep, I wouldn’t give a damn if they were a profitable company. Let’em buy a whole fleet of jets for all I care. Then the only people who have a right to complain would be the shareholders.
Now is the time to show CitiGroup and CitiBank and all the subsidiaries. Take all the money out of CitiGroup and see what they do then. They cry and whine and want TARP money, our money and go buy a jet with it. Take all the money out and let them go under, like everybody else is. So what they go bancrupt. WHO CARES.
It is taxpayers jet now. Now is the time to take all the taxpayers money out of CitiGroup bank and let them go bancrupt and have to sell everything so we can get the first 50 billion they got and have to sell this jet plus the other 2. GM and the other auto makers had to sell their jets to get the TARP money, but the banks dont. Time to pull money out.
They helped the French government. If they had bought it here at least our workers would have got paid for it. But that plane was made in France. The answer to this is pull all the money out of all the accounts at CitiBank and let it fail, be sold and give us back OUR money.
And Citi is doing so much to boost the economy — not.
According to Rush it is none of our business how a private business spends its money, even if it is our money. I kid you not. This is what the conservative resposne to the financial crisis has degenerated into. The Dims don't even need to invoke Alinsky's rule number five about employing ridicule against your enemies. Our "friends" are doing it to themselves.
In view of the fiscal and environmental emergencies facing the world, perhaps Air Force One should be grounded for the next four years.
What is with this fixation with corporate jets? The Dassault Falcon 7X is an excellent corporate jet, comparable to the Gulfstream 500.
Such a corporate jet has a fixed/variable operating cost of about $20,000 for a 5 hour flight (cross country, essentially). If ten executives are on the jet, and they earn only a combined 20 million a year, based on a 50 week year/8 hour day (they work more, I am sure), their combined salaries comes out to $10,000 an hour. That means a $20k flight becomes profitable for them if they either save two hours of travel time, or manage to work for two hours during that flight.
If only one executive who makes $30 million a year, the same flight becomes profitable if he manages to save only 45 minutes of travel time, or manage to work for 45 minutes during that flight.
Clearly, they will easily save a lot of time by not having to leave the office early to get to the airport, and deal with checkin, long lines for security, etc. The rest will be saved by their ability to work and communicate in their private jet.
It’s silly to give them money and expect them not to spend it. I am against the bailouts, but by buying this jet they are putting money into the economy, ostensibly a major reason they were given it in the first place.
I wonder how much CitiGroup “donates” to the dems...
YOU Go GIRL!!!!!
It is a FRENCH plane. The money went into the FRENCH economy, not ours. I'm willing to bet FRANCE didn't give CITI one EURO of FRENCH tax money to bail them out so they could buy this FRENCH plane.
They could have at lease bought a fine domestic
N'est ca pas?
.
It only cost about 1/4 of what Obama spent on his inauguration.
But Citi is selling two older jets, to offset half the cost of this one! C’mon, they’re very responsible!
Cody was on FBN 20 minutes ago talking about this. He reiterated that Citi is insolvent and needs to be made to fail & recapitalize through bankruptcy. Nothing else will work.
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