Originally published January 28, 2009 at 11:42 AM | Page modified January 28, 2009 at 1:58 PM
PrintStarbucks trying to sell its new jet
Starbucks is trying to sell the new $45 million corporate jet it received from Gulfstream last month.
Seattle Times business reporter
PREV
Starbucks is trying to sell the $45 million corporate jet it bought last month, along with a seven-year-old Gulfstream that it tried to sell before taking delivery of the new airplane.
Both jets are listed without asking prices by Avpro, an aircraft sales company in Annapolis, Md., the Web site www.Cityfile.com reported earlier today.
The new jet has made only 15 flights, according to the sales documents. Several of those landings were in Honolulu and Kona, Hawaii, during a two-week trip apparently taken by CEO Howard Schultz just after Starbucks took delivery of the airplane.
A Starbucks spokeswoman said the company ordered the jet three years ago and determined that canceling delivery would be too expensive.
Earlier this week, Citigroup decided not to take delivery of a $50 million corporate jet after President Barack Obama expressed concern that such a purchase, given the billions of dollars Citigroup has received from the federal government, is not "the best use of money at this point."
Starbucks is set to release first-quarter earnings after the stock market closes today.
Melissa Allison: 206-464-3312 or mallison@seattletimes.com
Copyright © 2009 The Seattle Times Company
Print
Digg
Newsvine
UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case
UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip
UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award
UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall
NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook
Open Houses
|
Find all open houses.
|
Dear Tom and Ray: My wife Olivia's first car (in the early '70s) was a purple-sparkle dune buggy built on a VW Bug frame — one of the least-safe...
Post a comment
- ‘Miracles’: 3 survive I-5 collapse
- McNerney: Boeing will squeeze suppliers and cut jobs
- Percy Harvin already impressing Seahawks teammates, coaches
- Bridge collapse will cause holiday travel headaches
- Span wasn’t built to take critical hit
- Detour route already crowded; avoid it or leave early, officials say
- Trucker bumps I-5 bridge, sees tragedy behind him
- Turmoil surrounds program to help prostitutes
- Jesus Montero's days as Mariners catcher are over
- Sinking Mariners lose sixth straight game; changes ahead?
- Stunning I-5 bridge collapse
207 - Vote on gay Scouts comes at emotional moment 202
- Scouts’ vote on gays met with celebration, sadness 168
- Mariners option Jesus Montero to AAA, all but ending catching career 157
- Bridge collapses on Interstate 5 over Skagit River; cars in the water 157
- Here's what's going on with Robert Andino 93
- Mariners options for rotation help getting thinner by the day 91
- Zimmerman lawyers release Trayvon Martin’s texts about smoking pot, guns 86
- Detour route already crowded; avoid it or leave early, officials say 80
- Some unions now angry about health care overhaul 42
- ‘Miracles’: 3 survive I-5 collapse
- McNerney: Boeing will squeeze suppliers and cut jobs
- More applicants make getting into UW tougher this year
- Bridge collapse will cause holiday travel headaches
- Careers carved at wood-tech center
- Span wasn’t built to take critical hit
- Detour route already crowded; avoid it or leave early, officials say
- Doctors save Ohio boy by ‘printing’ an airway tube | Close-up
- Food-video site launched by Bellevue consumer-research firm
- Council panel OKs zoning for big pot-growing operations
