Cityfile reports that while the ban on color copies has proved to be a huge success, Citi still feels the need to cut costs for reasons lost on us. The behemoth has put two of its corporate jets up for sale, both Dassult Falcon 900 models, likely to fetch around $35 million a piece, though the Big C has not put a price tag on the planes and would likely flip them for a ten-spot and a moment to cry. For those of you worried about how Citi will entertain CNBC employees moving forward, do not despair-- the company still has several other fleets, in addition to free passes on this bitch.
Citigroup Grounded
Posted by Bess Levin, Dec 02, 2008, 4:45pm
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Posted by guest , Dec 02, 2008 4:47PM
Are those Maria Bartoromo's knee prints on the rug?
Posted by guest , Dec 02, 2008 4:55PM
The Maria Mile High Club is going coach for now on....
Posted by guest , Dec 02, 2008 5:00PM
Nice! Can we live there when we get foreclosed upon?
http://www.housingwire.com/2008/12/02/mortgage-delinquencies-set-to-soar-report/
http://yourmortgageoryourlife.wordpress.com/2008/11/04/a-hardship-letter-to-countrywide-family-on-the-brink-of-disaster/
Dibs on the Master Bedroom! Cool, a bar! Wow, all leather! Nice entertainment system!
Come on everyone!
Posted by guest , Dec 02, 2008 5:02PM
www.revolutionair.com
Posted by Anal_yst , Dec 02, 2008 5:16PM
Um perhaps no one told 'em, but all those pretty private jets, helicopters, yachts, etc everyone's been hoarding and gobbling up the past 5-10 years aren't immune from macro economic downturn.
How many people or firms are seriously ready to drop $35mil on a used (one that'd need Gil Grissom to inspect pre-purchase none-the-less) Dassault?
Posted by guest , Dec 02, 2008 5:22PM
N399KK is Assigned
Serial Number 760550
Type Registration Corporation
Manufacturer Name SIKORSKY
Certificate
Issue Date 11/25/2003
Model S-76C
Status Valid
Type Aircraft Rotorcraft
CITIFLIGHT INC
C/O CITIGROUP CORP AVIATION
79 TOWER RD HGR E-2
WHITE PLAINS NEW YORK 10604-1704
Posted by guest , Dec 02, 2008 5:23PM
So, if I buy the jet, will Maria give me head?
Posted by guest , Dec 02, 2008 5:25PM
N316GS is Assigned
Serial Number 9075
Type Registration Corporation
Manufacturer BOMBARDIER INC
Certificate Issue Date 01/30/2002
Model BD-700-1A10
Type Fixed Wing Multi-Engine
Type Engine Turbo-Fan
CITIFLIGHT INC
C/O CITIGROUP CORPORATE AVIATION
79 TOWER RD HANGAR E-2
WHITE PLAINS NEW YORK 10604
Posted by guest , Dec 02, 2008 5:28PM
N399GS is Assigned
Serial Number 9074
Type Registration Corporation
Manufacturer BOMBARDIER INC
Certificate Issue Date 01/03/2001
Model BD-700-1A10
Status Valid
Type Fixed Wing Multi-Engine
Type Engine Turbo-Fan
CITIFLIGHT INC
C/O CITIGROUP CORPORATE AVIATION
79 TOWER RD HANGAR E-2
WHITE PLAINS NEW YORK 10604
Posted by guest , Dec 02, 2008 5:30PM
@5 All the more reason for them to keep them on their book at cost. Last thing we need is two more $20m holes to fill.
Posted by guest , Dec 02, 2008 5:31PM
Bartiromo's knee prints are on the rug in one of the Global Expresses. You can't get from Davos to NYC direct without refueling on a Falcon.
Posted by guest , Dec 02, 2008 5:35PM
@#7...
Hahaha! Good post.
The Guy from Delaware
Posted by guest , Dec 02, 2008 5:55PM
@11
The 900 EX has a range of 4500 nautical miles, that's enough to get from Davos to Minneapolis without refueling.
It looks like they're keeping both of the Globals and dumping both of the Falcons. Probably safe to assume neither Ford, GM and Chrysler will be bidding on these.
Posted by guest , Dec 02, 2008 8:10PM
I was worried things might not be fluid without the silver bullet but I see Citi will be entertaining moving forward so we're ok.
Posted by guest , Dec 02, 2008 10:18PM
If I buy it will Erin Burnett go with me to Mongolia? I can take her and sisters to the their favorite spa anywhere in the world and her parents to NZ and Aussie.
Posted by guest , Dec 02, 2008 10:18PM
If I buy it will Erin Burnett fly with me to Mongolia? I can take her and sisters to the their favorite spa anywhere in the world and her parents to NZ and Aussie.
Posted by guest , Dec 03, 2008 6:30AM
Will the carpets be cleaned prior to the sale?