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...An entrepreneur who paid for trips in a private jet by Rishi Sunak has had £14mn of assets frozen by the High Court as he battles a civil fraud case brought by investors in his medical device start-up....
...The billionaire British co-owners of supermarket Asda borrowed millions more from their petrol station company EG Group to repay debt they took on to buy two private jets....
...But they also manufacture fuselage sections and other critical components for a range of business jets built by Canada’s Bombardier....
...The aircraft — which has four living spaces, including a private bedroom, seating area, dining room and cinema — can fly for 7,700 nautical miles at a time, reaching altitudes higher than commercial jets...
...The US and UK still dominate commercial jet engine production, said Richard Aboulafia, managing director of AeroDynamic Advisory....
...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...UK retail billionaire Mike Ashley has increased his spending on private jet and helicopter travel since taking a step back from running his business empire....
...Given the level of government scrutiny facing Boeing and its manufacturing difficulties, aligning regulatory and commercial interests might seem sensible....
...He said private equity groups are starting to follow family offices into the market, which will result in more deals over the next six months....
...It initially attracted interest from several large private equity firms....
...Bombardier ended up partnering with Airbus on the model in 2017 before selling out to the European giant and quitting the commercial sector in 2020 to focus on private jets....
...Spirit builds wings for Airbus’s A220 jets in Belfast, but the plant has not made a profit since 2016....
...Boeing-Airbus stranglehold on single-aisle commercial jets nearly pushed it into bankruptcy in 2015....
...Aircraft (Construction Physics) — Inside a private jet club where everything went wrong (Bloomberg $) — Moore’s law for intelligence (Digital Spirits)...
...The word “billionaire” evokes images of people in expensive suits stepping off private jets....
...of euros in interest-free, unsecured loans to help them buy two private jets....
...But companies often fund executives’ private flights for personal reasons, and some companies require their CEOs to take private jets for all air travel as a safety precaution....
...Kansas-based Spirit manufactures jet parts and was a part of Boeing until its 2005 divestiture to private equity. Yet today, 70 per cent of revenue in its largest division comes from Boeing....
...Providing incentives for SAF to scale will in turn attract private sector investment, create jobs and deliver long-term economic growth....
...The unravelling of Boeing’s reputation, following the mid-air blowout of a Max 9 door plug on an Alaska Airlines flight last month, comes just as Comac, also known as Commercial Aircraft Corp of China, prepares...
...That worked out to nearly 12 per cent of group total. On a profit level, the card deal carries even more weight....
...After spending the last decade watching these guys buy mansions, fly around in private jets, launch expensive legal defences, and buy superyachts, is it time for a bit of schadenfreude? Maybe not....
...jet, according to corporate organisation charts seen by the FT....
...Canary Wharf Group last week announced a more than £500mn package of financing, including long-term loan extensions on some of its offices....
...Kassan charged UTA for private jet flights, it said, that were “personal in nature and had no rational business purpose . . . in short, Kassan erased any line between his personal and business expenses”....
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