Royal Bank of Scotland (RBS) Cancels Falcon 7X like Citigroup

johnsonrod

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Found this online. The trend continues... Anyone who wants a fresh Falcon 7X might be able to find one nowadays.

By Tim Hepher
PARIS, March 19 (Reuters) - British taxpayers may have to foot the bill for a $4 million lost deposit on a private jet ordered for top Royal Bank of Scotland executives that will never be used, the French manufacturer said on Thursday.

The recently bailed-out bank is among a list of companies which cancelled orders for Dassault Aviation's ultra-modern long-range Falcon 7X business jet and rival models in the wake of the financial crash and fury over over boardroom perks.
The list also includes U.S. bank Citigroup, once the world's largest bank which has also been battered by heavy losses.

Citigroup said in January it had cancelled an order for a business jet that politicians called wasteful, but officials at Dassault Aviation said it had received a total of three plane cancellations from the U.S. group as it sheds assets.

Citigroup (C.N) in New York had no immediate comment.

RBS (RBS.L) was bailed out by the British government late last year and is mired in a row over a 16.6 million-pound ($23.7 million) pension pot for former Chief Executive Fred Goodwin.

RBS placed the order for a state-of-the-art Falcon 7X business jet worth $40-45 million about five years ago, and the plane was due to be delivered this year, Dassault (AVMD.PA) civil aerospace business head Olivier Villa told Reuters.

The bank cancelled the order late last year, he said.
Asked whether the plane, capable of flying from London to Tokyo, had been intended for Goodwin's use, Villa said he did not know but assumed it was for the "top executive team".

Goodwin served as CEO from 2001 until he was forced out in a deal over a government rescue package for the bank in Oct. 2008. Goodwin has rejected calls from the government to hand back part of his pension, saying it had been agreed by ministers
 

siucavflight

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What is interesting is that citi did not really "cancel" I will not say anymore then that on a public forum.
 

jonjuan

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She's a bit chunky. Bring back her previous friend!
 

siucavflight

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Chunky?
 

siucavflight

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Chunky? Maybe in her t!ts.
 

siucavflight

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I like that one!
 
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