The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.
The plane, the Dassault Falcon 7X, is a luxurious jet with a range of 5,950 nautical miles (meaning it can fly from New York to all of Europe and South America, as far east as Riyadh, and as far west as Honolulu or Petropavlovsk, Russia). The Post reports it has "plush interior with leather seats, sofas and a customizable entertainment center."
The Dassault website describes the wide, generously appointed cabin, but says the "the airplane's most welcome feature may be Dassault's breakthrough environmental system." It touts "quieting acoustics" and advanced temperature monitoring that contribute to a more comfortable passenger experience.
The Post also reports that Citi executives are "quietly trying to unload two of their older Dassault 930EXs," worth approximately $27 million each.
This is some bullsh*t. You're taking hardworking people's money to spend on something so frivolous as this. I don't understand these executives. Their salaries alone could be used to purchase one of these. Why use OUR money to do it?
French Connection

1Ok, now I have to go find out everything I can about this - I am fuming!!!
WTF!! This is why they need to account for every damn cent that they spend. They don't need a new jet, they should be helping the company and their customers.
{Saying this in a simple way} The government needs to collect these companies debt in writing and then pay off their bills for them instead of giving the companies the bailout money, since the companies are not responsible enough to handle business on their own.
Buying new jets and giving themselves higher pay with bonuses to boot, is NOT what the bailout money is supposed to be used for.
How in the hell is a new $50 million dollar, twelve-seat corporate jet helping anyone else but THEM!
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