Starbucks Puts The Corporate Jet Up For Sale
Well that was fast, Starbucks had their new corporate jet for less than a month before succumbing to economic pressures and putting it up for sale. Aero-News Network reports that the company had less than 20 flights on the new Gulfstream G550 before putting it up for sale with Avpro. The news comes as Starbucks reported lower earnings and plans to close more stores.
The $45 million Gulfstream 550 was ordered four years ago during boom times for the coffee company. Unlike Citigroup and other companies on the hot seat for private jet usage, Starbucks hasn't asked for federal funds. The company has also been trying to sell off its Gulfstream G-V. Now Starbucks just has to find a willing buyer.