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☆ ProPublica: Clarence Thomas attended Koch network donor events
▼ + stars: | 2023-09-22 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +4 min

Washington CNN —Justice Clarence Thomas attended a private dinner in 2018 during a winter donor summit of the Koch network, the political organization founded by libertarian billionaires Charles and David Koch, ProPublica reported Friday. Thomas attended Koch donor events at least twice over the years, according to interviews with three former Koch network employees and one major donor conducted by ProPublica. Thomas arrived for the 2018 dinner on a Gulfstream G200 jet, although a Koch network spokesperson told the outlet that the network did not pay for the private jet and it was not disclosed on his financial disclosure forms for that year. A spokesperson for the Koch network told ProPublica that Thomas wasn’t present for fundraising conversations. CNN has reached out to the Supreme Court for comment.

Persons: Clarence Thomas, Koch, Charles, David Koch, ProPublica, Thomas, ”, Thomas ’, Thomas wasn’t, ” Thomas, Loper, Raimondo, Critics, Clarence Thomas ’, Charles Koch, Harlan Crow, Lisa Graves, Crow Organizations: Washington CNN —, Koch, ProPublica, Gulfstream G200, CNN, Loper Bright Enterprises, Inc, Conservatives, Chevron, Natural Resources Defense, True, Research, GOP Locations: Congress, Washington

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

☆ Wheels Up flies for now, but private-jet rivals see opportunity
▼ + stars: | 2023-08-16 | by ( Allison Lampert | ) www.reuters.com time to read: +4 min

Wheels Up avoided a possible bankruptcy when it secured backing from investors on Tuesday, including U.S. carrier Delta Air Lines (DAL.N). Two operators have closed down since May in the face of diminished traffic and higher labor costs could force some private-jet operators out of business. While private flying remains above 2019 levels, traffic has slowed since the pandemic, when wealthy passengers sought to avoid crowded commercial airports. The company, which provided third-party flying service to Wheels Up, faces a lawsuit from Wheels Up over a contract dispute. Jamie Walker, chairman of U.S. private jet operator Jet Linx, said he sees opportunity for both organic growth and acquisitions due to the softening marketplace.

Persons: Brian Foley, Foley, Jim Segrave, Uber, Dynamics's, Canada's, Travis Kuhn, Justin Crabbe, Andrew Collins, Jamie Walker, Linx, " Walker, Allison Lampert, Ben Klayman, Andy Sullivan Organizations: Delta Air Lines, Rivals, Gulfstream, Canada's Bombardier, U.S, Argus, North, Thomson Locations: U.S, New York, Miami, North Carolina, Montreal

☆ Why Mark Cuban doesn't own yachts or hire house cleaners: 'I try to be the same person I was when I was poor'
▼ + stars: | 2023-08-04 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

When it comes to luxury spending, billionaire Mark Cuban draws the line at yachts, butlers and house cleaning services. "I just try to be the same person, I mean, as I was when I was poor, middle and rich," Cuban, 65, told "The Really Good Podcast" on Thursday. Cuban, a serial entrepreneur and startup investor, has a net worth of $5.1 billion, according to Forbes. Rather, Cuban's decision to not pay for certain services is less about frugality and more about his desire for a private life. Still, Cuban wants to remain the same person he was when he was "broke," he said on the podcast.

Persons: Mark Cuban, it's, He's, I've, that's, Cuban, CBS's, he'd, Jerry Katz, Paul Piff, Piff, Warren Buffett Organizations: Forbes, Gulfstream, Dallas Mavericks, University of California, TED, Cuban, CNBC Locations: Dallas, Indiana, Irvine, deservingness, Cuban

☆ Bombardier quarterly profit beats estimates on demand for business jets
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Christinne Muschi/File PhotoMONTREAL, Aug 3 (Reuters) - Canada's Bombardier Inc (BBDb.TO) on Thursday reported better-than-expected quarterly profit and higher revenue despite supply chain pressures, helped by demand for flying and maintaining private planes. The Montreal-headquartered business jet maker reported a second-quarter profit of $10 million from continuing operations, compared with a loss of $109 million a year earlier. CEO Eric Martel told analysts that despite "pressure points" such as smaller suppliers, the supply chain is improving and will "remain a key area of focus for the foreseeable quarters". Last month, Gulfstream jet maker Textron Inc (TXT.N) raised its full-year profit forecast on strong jet pricing. On a per share basis, quarterly adjusted profit was 72 cents, compared with a loss of 48 cents a year earlier.

Persons: Christinne, Eric Martel, Refinitiv, Allison Lampert, Abhijith, Saumyadeb Chakrabarty, Jan Harvey Organizations: Bombardier Global, REUTERS, MONTREAL, Bombardier Inc, Gulfstream, Textron Inc, Bombardier, Thomson Locations: Montreal, Quebec, Canada, Bengaluru

☆ Tim Scott sees big money donor interest while Ron DeSantis hunts for cash
▼ + stars: | 2023-07-28 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

Nicholas Pfosi | ReutersSen. Tim Scott, R-S.C., is seeing a wave of wealthy donor interest as he runs for president, while Florida Gov. Herring has already donated $6,600 to Scott's 2024 run for president, according to Federal Election Commission filings. Nikki Haley will be in the Hamptons on Sunday for a fundraising event, according to an invitation reviewed by CNBC. Sobel, who is a managing partner at Valor Capital Group, donated $6,600 to DeSantis' campaign in late June, according to Federal Election Commission records. Andrew Romeo, a spokesman for the DeSantis campaign, pointed CNBC to their fundraising efforts in the second quarter.

Persons: Tim Scott, Saint Anselm College's, Nicholas Pfosi, Reuters Sen, Ron DeSantis, Scott, Goldman Sachs, Gary Cohn, Andy Sabin, Stanley Druckenmiller, Sabin, James Herring, Herring, Marc Rowan, Tim Scott Victory, Robert Giuffra, Cromwell, Nikki Haley, Donald Trump, DeSantis, meanwhile, Cohn, Druckenmiller, Goldman, Scott East, Still, he's, John Catsimatidis, Brandon Bell, Clifford Sobel's, Michael Pascucci, Sobel, Pascucci, Giuffra, Ronald Lauder, Paul Singer, Lauder, Singer, Andrew Romeo, –, Romeo, Glenn Youngkin, Trump Secretary of Commerce Wilbur Ross, Lisa Wagner, Wagner, she's Organizations: U.S, New Hampshire Federation of Republican Women, Saint Anselm, Saint Anselm College's New Hampshire Institute of Politics, Reuters, Florida Gov, CNBC, Hamptons, Republican, Trump National Economic Council, Trump, Billionaire, Apollo Global Management, Tim Scott Victory Fund, PAC, Southampton, Sullivan, Former South Carolina Gov, GOP, Washington Examiner, Florida Governor, Getty, Valor Capital, Commission, Business Jet, Gulfstream, Embraer, Bucknell University, Records, Politico, Virginia Gov, Hotel, Trump Secretary of Commerce, NBC News, DeSantis Locations: Saint, Manchester , New Hampshire, Florida, Long, East Hampton, North Carolina, Scott East Hampton, DeSantis, Ukraine, Scott, Rio Grande, Eagle Pass , Texas, Southampton, Charleston, Virginia, Aspen , Colorado, Colorado

☆ General Dynamics raises revenue outlook on private jet, military equipment demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] A General Dynamics NASSCO ship yard entrance is shown in San Diego, California, U.S., June 17, 2019. REUTERS/Mike Blake/File Photo/File PhotoJuly 26 (Reuters) - General Dynamics (GD.N) on Wednesday lifted its annual revenue forecast as demand for business jets and military equipment stays resilient, sending its shares up 3% at midday. Demand for business jets from U.S. corporations remains buoyant despite a recovery in commercial flights and pressure from environmentalists over emissions. "It's the Fortune 500 that are really driving the demand (for business jets). The company forecasts revenue in the segment to rise between $900 million and $1 billion to $11 billion in the year.

Persons: Mike Blake, Phebe Novakovic, Pratyush Thakur, Shilpi Majumdar, Maju Samuel Organizations: Dynamics, REUTERS, General Dynamics, Gulfstream, Thomson Locations: San Diego , California, U.S, Ukraine, Reston , Virginia, Bengaluru

☆ General Dynamics profit beats estimates on military equipment demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - Defense contractor General Dynamics Corp (GD.N) on Wednesday reported a better-than-expected quarterly profit, helped by resilient demand for military equipment, sending its shares up 2% in premarket trading. General Dynamics benefited from robust demand for weapons, driven by simmering geopolitical tensions in the Indo-Pacific region, conflict in Ukraine and military modernization efforts of ally countries. The aerospace segment booked $2.5 billion in new orders during the quarter, driven by strong demand for the company's Gulfstream business aircraft. The company reported a backlog of $91.4 billion, compared to $87.6 billion. Its book-to-bill ratio, which is the ratio of orders received to units shipped and billed, was 1.2-to-1.

Persons: Pratyush Thakur, Shilpi Majumdar, Maju Samuel Organizations: Defense, General Dynamics Corp, General Dynamics, Revenue, U.S . Navy, Gulfstream, Thomson Locations: Ukraine, Virginia, Reston , Virginia, Bengaluru

☆ Private jets can be tracked. Here are all the sneaky ways billionaires can still fly unseen.
▼ + stars: | 2023-07-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Sweeney also publicly tracked the personal jets of celebrities like Donald Trump, Taylor Swift, and Mark Zuckerberg. Its easier to hide on a chartered business planeLVMH CEO Bernard Arnault on board his private jet between Beijing and Shanghai. The FAA can make tracking more difficult, but it's not foolproofPuma/Jay Z's jet tracked on ADS-B Exchange with LADD indicator. Basically, this allows private aircraft owners to request the Federal Aviation Administration redact their tail number from public tracking. This means companies that use federal data to track commercial and general aviation flights, like FlightAware and FlightRadar24, will not display LADD-identified planes.

Persons: Jack Sweeney ruffled, Elon Musk, Taylor Swift, Tim Cook, Jack Sweeney, Sweeney, Donald Trump, Mark Zuckerberg, Bernard Arnault, Marc DEVILLE, LVMH Moët Hennessy Louis Vuitton, Arnault, Puma, Jay Z's, Travis Scott, Jay, Steven Spielberg, Oprah, LADD Organizations: Tesla, Gulfstream, Twitter, Getty, Bombardier, Apple, FAA, LADD, Federal Aviation Administration, PIA, Facebook Locations: Idaho, Beijing, Shanghai, China

☆ Antarctic sea ice has been at record low levels for months — here's what that means
▼ + stars: | 2023-07-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +7 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesAntarctic sea ice has been at record low levels for the past few months. What the record low sea ice in the Antarctic meansZoom In Icon Arrows pointing outwards The blue line sows the amount of sea ice in the Antarctic in 2023. Why the sea ice levels in the Arctic are more damningThe Arctic is an ocean covered by a layer of sea ice and surrounded by land. So the change below the surface in the Arctic sea ice is much more pronounced than the change in Antarctic sea ice," Meier told CNBC. While the sea ice does not directly contribute to sea level rise, melting land ice does.

Persons: That's, it's, Walt Meier, Howard Diamond, Diamond, Will Hobbs, Hobbs, Meier, Kerem Yucel, that's, Notz Organizations: Antarctic, Xinhua News Agency, Getty, Data, University of Colorado, CNBC, U.S . National, Resources Laboratory, University of Colorado Boulder, Boulder Cooperative Institute for Research, Environmental Sciences, Australian Antarctic Program, NASA Gulfstream, University of Texas, Afp, NOAA Locations: Southern Ocean, Antarctica, New York City

☆ Qatar Airways has unveiled its first $75 million Gulfstream G700 private jet as it caters to elite customers — take a look inside
▼ + stars: | 2023-07-09 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Qatar Airways Executive unveiled its first Gulfstream G700 private jet at the Paris Airshow in June. Insider toured the plane during the airshow to see what Qatar's most elite customers can expect. But, unbeknownst to many travelers, the Doha-based carrier also runs a private arm known as Qatar Executive. Qatar is the international launch customer for the $75 million G700, having unveiled the first of 10 on order at the Paris Airshow in June. Insider toured the new G700 at the show to see what customers can expect onboard — take a look inside.

Organizations: Qatar Airways Executive, Gulfstream G700, Paris Airshow, Qatar Airways, Qatar Executive, Gulfstream, Bombardier, Airbus Locations: Doha, Qatar

☆ Total solar eclipse: What to expect during the 2024 event
▼ + stars: | 2023-06-23 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Sky-gazers across North America are in for a treat in 2024 when a total solar eclipse will pass over Mexico, the United States and Canada. The last total solar eclipse visible from the US occurred on August 21, 2017. During a total solar eclipse, the sky will darken as it would at dawn or dusk, and there are several stages of the eclipse that sky-gazers anticipate. The total solar eclipse will be visible in parts of Mexico, Canada and more than 10 US states, while the partial solar eclipse is expected to appear in 49 states — weather permitting. A map shows the path of the annular solar eclipse in October in yellow circles and the 2024 total solar eclipse in blue circles.

Persons: Aubrey Gemignani, NASA That’s, It’s, Prince Edward Island, Ross, Bill Ingalls, you’re, ”, Kelly Korreck, “, Carla Thomas, Joel Kowsky Organizations: CNN, NASA, Astronauts, Space Station, NASA Armstrong, Research, Gulfstream, Amateur, Telescope Locations: North America, Mexico, United States, Canada, Madras , Oregon, Ocean, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Maine, Ontario, Quebec , New Brunswick, Prince, Nova Scotia, Newfoundland, Central, South America, Oregon, Texas, Gulf, Oregon , Nevada , Utah, New Mexico, California , Idaho , Colorado, Arizona, Belize, Honduras, Panama, Colombia, Natal, Brazil, Ross Lake, Northern, Washington

☆ I'm a private jet broker who arranges $500,000 honeymoon flights and $60,000 pet rescues
▼ + stars: | 2023-06-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

Dan Cook is the director of sales at Victor, a private jet charter company. This as-told-to essay is based on a conversation with Dan Cook, sales director at Victor. Elon Musk boards a private jet in Beijing. Jade Gao/Getty ImagesIn some cases, like a medical emergency, the private jet could be the difference between that person living or dying. There are clients replacing 100% of the fossil fuel with sustainable fuel.

Persons: Dan Cook, Victor, I'm, you'd, Gulfstream We've, Elon, Jade Gao, COVID Organizations: Victor, Private, Gulfstream G400, Gulfstream Locations: London, New York, Europe, Riyadh, Beijing

☆ Investors accused the owner of a mall in Illinois of using their cash to buy two jets and fund a lavish birthday party for his dog
▼ + stars: | 2023-05-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

An Illinois mall owner is being sued by his investors over mismanagement of funds. The investors say the mall owner used their cash to fund his life of luxury. It also alleges that investors haven't received dividend payments since 2019. None of the company's more than 2,000 investors have received dividend payments since August 2019, and some haven't received payments since 2011, it said. In the summer of 2022, they threw such a six-figure party, flying in friends and family on their private aircraft.

Persons: haven't, —, Jonathan Larmore, Belleville , Illinois –, Larmore, Arciterra Organizations: Service, Bloomberg, Cessna, Gulfstream, Boston Terrier Locations: Illinois, Belleville, Belleville , Illinois, Indiana, Milwaukee

☆ Elon Musk's private jet has landed in Beijing - Reuters witness
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +3 min

BEIJING, May 30 (Reuters) - A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Tesla did not immediately respond to a request for comment on whether Musk had arrived in China. China is Tesla's second-largest market after the U.S., and the Shanghai plant is the electric car maker's largest production hub. The jet with its identifying tail number could be seen at Beijing Capital International Airport on Tuesday, according to the Reuters witness. While his plane was en route to China, Musk tweeted about advances in China's space program, which aims to land a crew on the moon before 2030.

☆ I tested a private jet simulator. It was like playing a video game — but way more stressful.
▼ + stars: | 2023-05-21 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

I tried out a private jet simulator at a BAE Systems location in England. I tested its latest head-up display (HUD) technology, which is designed to make flying easier. I visited a BAE Systems base to try out its latest private jet simulator and experience what it's like to fly celebrities or the superrich around the world. My visit also gave me the opportunity to use one of BAE's most powerful tools — its head-up display (HUD). According to Charles, BAE is working on proposals for airlines, private jet operators, and prospective military clients to use the equipment.

☆ Dogs (and Cats) on a Plane
▼ + stars: | 2023-05-04 | by ( Christine Chung | ) www.nytimes.com time to read: +1 min

Last Friday evening, as drizzle fell on the tarmac, 10 passengers boarded a Gulfstream G4 headed from Teterboro Airport in New Jersey to Farnborough Airport, just southwest of London. They didn’t seem to notice the plush leather seats or the treats nestled in champagne flutes in the armrests. The passenger manifest included nine dogs, mostly on the larger side, and one sphinx cat, as well as 10 humans. All had one thing in common: an aversion to putting their pets in the cargo hold. Pet owners seeking to transport their pets on commercial flights must navigate a patchwork of rules that vary by airline.

☆ Elon Musk's private jet emitted 132 times as much carbon as the average American does in an entire year
▼ + stars: | 2023-05-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Elon Musk travels more by private jet than nearly anyone else in the US. His annual carbon footprint — just from flying private — is 132 times that of the average American. Musk's carbon footprint from his 171 private flights in 2022 was 132 times the size of the average US resident's total annual footprint from all activities, the report found. His private plane burned about 221,358 gallons of jet fuel and emitted about 2,112 metric tons of carbon emissions last year, the report found. It notes that Musk purchased an additional private plane last year — a $78 million Gulfstream G700, the world's largest purpose-built private jet — that's expected to replace his G50ER model.

☆ Big Tech is pursuing 'the year of efficiency.' It could get supercharged by AI.
▼ + stars: | 2023-04-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: Why Big tech's new focus on efficiency could have far-reaching impacts. Tech jobs aren't coming backTech giants have been slashing jobs. Companies from Meta to Salesforce have cut jobs in the recent months in the pursuit of efficiency and profit margins. Also read:Whistleblower docs: Jane RobertsSupreme Court Justice Chief Justice John Roberts and his wife Jane Roberts arrive for a 2018 State Dinner at the White House. At least one of those firms argued a case before the chief justice after paying his wife hundreds of thousands of dollars.

☆ Stocks making the biggest moves midday: Microsoft, Chipotle, Boeing, First Republic Bank and more
▼ + stars: | 2023-04-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Microsoft — Shares of tech giant Microsoft gained more than 8% Wednesday after a better-than-expected earnings report a day earlier. The company earned $1.17 per share on $69.79 billion in revenue, while analysts polled by Refinitiv expected it to earn $1.07 per share on revenue of $68.9 billion. The company also announced a $70 billion share buyback. 107230585First Republic — Shares of the regional bank fell more than 20% on Wednesday, extending their steep losses for the week. However, deposits for the first quarter totaled about $28.2 billion, down from $33.9 billion from the fourth quarter of 2022.

☆ David Solomon's private plane use gets flagged at Goldman Sachs' annual shareholder meeting
▼ + stars: | 2023-04-26 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +4 min

One shareholder cites reports about Goldman Sachs CEO's use of the corporate jet. A shareholder of Goldman Sachs cited Goldman CEO David Solomon's personal use of the corporate aircraft at the company's annual meeting Wednesday morning in Dallas. Chesser put the proposal in terms of Goldman Sachs organizational processes that, he said, "look pretty weak." Solomon acknowledged Chesser's remarks, and moved to take questions before advancing to the next shareholder proposal and presentation. As Insider has previously reported, at least one other shareholder has asked Goldman's investor relations department for information about Solomon's personal use.

☆ Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate
▼ + stars: | 2023-04-24 | by ( Emily Flitter | ) www.nytimes.com time to read: +1 min

On Feb. 28, top executives at Goldman Sachs staged an “investor day” to reassure shareholders that the bank would rebound after a disappointing 2022. More than a decade earlier, Mr. Solomon had purchased a multimillion-dollar beachfront home from the Discovery Land Company, which built and managed Baker’s Bay. Mr. Solomon is not just a Discovery customer. He’s also a part owner of the private company and for years has informally advised its founder — even as Goldman Sachs vied for work with Discovery. Many corporate chief executives, of course, sit on other companies’ boards of directors, but such external commitments are much less common in the heavily regulated banking industry.

☆ Where Goldman Sachs CEO David Solomon takes the corporate jet
▼ + stars: | 2023-04-24 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

"The Board fully supports the use of the Goldman Sachs planes for travel, just as it supported the use of private aircraft by previous Goldman Sachs executives," said Tony Fratto, a company spokesman. "Executives at Goldman Sachs have been flying on private aircrafts for decades as it is proven to be the most secure, effective, and cost-efficient solution to meet the extensive travel obligations for CEOs of firms like Goldman Sachs — which is why all of our peer institutions also extensively use private aircraft." John Waldron, president of Goldman Sachs Reuters/Brendan McDermidOccasionally, Solomon and Waldron switch planes, particularly when Waldron flies overseas. Goldman Sachs has a sponsorship deal with pro golfer Patrick Cantlay. "These estimates wildly overstate the cost of such flights to Goldman Sachs and are not an accurate representation," he said.

☆ What Scalia’s Defense of a Free Jet Trip Says About Thomas’s Travels
▼ + stars: | 2023-04-24 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

WASHINGTON — Almost 20 years ago, during the Supreme Court’s winter break in 2004, Justice Antonin Scalia took a free trip on a Gulfstream jet, hitching a ride with Vice President Dick Cheney on a government plane. The trip ripened into a controversy, as the court had recently agreed to hear a case in which Mr. Cheney was a party. Lawyers for the other side asked Justice Scalia to disqualify himself, and he issued a combative 21-page memorandum refusing to do so. Unlike Mr. Cheney, Mr. Crow is not known to have had business before the court, so the two cases are hardly identical. But Justice Scalia’s discussion of whether the plane ride was a gift, what it was worth and whether it needed to be disclosed helps illuminate the legal standards that apply to Justice Thomas’s travels.

☆ Goldman Sachs isn't getting a new private jet, but are there better places to cut costs on Wall Street?
▼ + stars: | 2023-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

If there is a senior Goldman Sachs' executive in your life, please keep them in your thoughts and prayers. Insider's Dakin Campbell has the scoop on Goldman nixing plans to buy a third corporate aircraft under CEO David Solomon. So as the bank has looked to cut costs this year more broadly, the private jets, naturally, were a topic of discussion. I will say, I think corporate jets have been unfairly labeled as the poster child for excessive spending at the corporate level. Now, regional banks are looking to serve the firms looking for a new banking home, per The Wall Street Journal.

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