Quote:
Originally Posted by nevermind65
Sorry, it is NOT a non-event no matter what the use. You don't beg for $24 billion, then go back for seconds and buy a $50 million dollar plane. It is downright idiotic. They should be selling the damn planes and paying us back.
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The company today issued a statement saying, "We have no intent to take delivery of any new aircraft."
Citigroup had argued it was selling two of its four other planes to pay for this one, that the new jet would be more efficient and, besides, it had already signed a contract for the jet. Breaking that deal would cost the bank millions in penalties.
The Citigroup air fleet will now shrink from four jets and a helicopter to two planes.
Now, only millions of your funds have been lost - forever.