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Monday, 10 December 2007

Jet options


So not only are us humble members of the public feeling the credit squeeze it also seems that the super rich are aware of the pinch.

According to the Observer's Media & Business section investors the exec jet market has become the latest victim.

Up to 10% of the exec jet sales are made to investors who buy an option on a new jet (delivery times are up to 4 years) and then sell on this option, previously making somewhere in the region of $10m. However now investors are concerned about their positions and are selling on options as quickly as they can with their returns dropping closer to $2m.

So if you are struggling to find that ideal gift for your loved one perhaps now is the time to get him/her that private jet they have always wanted.

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