Secretive VIPs splash the cash on customized jumbos
The enormous $300 million Boeing Co (BA.N) 747-8 Intercontinental parked at this week's Paris Air Show is earmarked for an anonymous VIP customer who apparently needs one of the world's biggest airplanes.
In fact eight of the 33 orders listed for the plane on Boeing's website are attributed to "Business Jet/VIP customers."
Be it a government, head of state or wealthy family, the company guards the identity of customers if they request it. But that doesn't stop the rest of the world speculating.
"VIPs are clearly oil money," said Alex Hamilton, aerospace analyst and managing director of EarlyBirdCapital, who attended the air show.
The Intercontinental can seat 467 passengers and lists at $317.5 million. Germany's Lufthansa (LHAG.DE) has ordered 20 and is set to be the first airline to bring the new jumbo into service, early next year.
Categories: Government, Economy, Conspiracy
Tags: oil money junkies Conspiracy economy
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