Royal Bank of Scotland Canceled Its Private Jet Too
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.
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