Billionaires Still Buying Up Oversize, Ostentatious Private Planes
Economic crisis? Puhlease. According to the January issue of Overhaul & Maintenance, extraordinarily deep-pocketed Americans are still buying up large luxury jets, particularly narrowbody and widebody models, like the Airbus A318 Elite, whose current list price is $62 million. “If you can afford to spend $62 million or more on an aircraft, then you are probably a billionaire, or well on the way to becoming one,” David Velupillai, product marketing director of executive and private aviation for Airbus, told the magazine. And apparently, there are still plenty of them floating around. Indeed, Velupillai says there’s so much demand for widebody planes -- the kind whose lavish living room areas, bedrooms,
22 January 2009•1 min read
