Royal Bank of Scotland Canceled Its Private Jet Too

by Deidre Woollard (RSS feed)
Mar 20th 2009 at 1:18AM

For once a bank story that doesn't involve a U.S. bailout. The Royal Bank of Scotland is yet another troubled bank that had to surrender a plane. It reportedly canceled a $45 million order for a Dassault Aviation Falcon 7X business jet last fall.

This is the same type of plane that Citigroup ordered and then did not take possession of after censure from the White House.

The cancellation took place right around the time that the British government gave the bank a £20 billion bailout and took a majority stake in the company. The private jet was to have been used by the now ousted chief executive, Sir Fred Goodwin who also received a £16.6 million pension, part of which the government would like him to return.

Gallery: Corporate Jets For Sale

Tags: corporate jet, CorporateJet, dassault aviation, DassaultAviation, private jet, PrivateJet, royal bank of scotland, RoyalBankOfScotland

Filed under: Wings

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