The New York Post’s Jennifer Keil and Chuck Bennett reported in Monday’s paper that Citigroup is about to upgrade to a new $50 million, twelve-seat corporate jet.

The New York Post, citing “a source familiar with the deal,” reported today that Citigroup executives authorized the purchase of a new Dassault Falcon 7X, which seats 12 in leather seats and sofas and includes a custom entertainment center.

Citigroup received $45 billion from the government last year, including a $20 billion emergency infusion in November.

French aircraft manufacturer Dassault has introduced a jet that changes the playing field for business jet manufacturers operators and pilots. That jet is the $50 million Falcon 7X.

The Falcon 7X is perhaps the most coveted ultra-long range private jet in all of Europe and flies faster, further and higher than its predecessors.

It is the largest Falcon tri-jet business aircraft produced, and Dassault states that the Falcon 7X is the world’s first fly-by-wire business jet.

Just in time to set sail this summer, the Maltese Falcon mega-yacht, measuring 288 feet long, is for sale.

Sailing charter company Perini Navi USA recently put this yacht on the market for an eye-popping $115 million. Featured in Haute Living’s February/March issue “Made to Order” story on super yachts, the Maltese Falcon sailed for the first time last June, awing nay-sayers with its revolutionary technology and groundbreaking design.

The Maltese Falcon sports a riveting fifteen sails with an area of 2,400 square meters. There are five lavish staterooms that can be used to entertain up to 12 guests and house 18 crewmembers (including six attractive stewardesses), and has a revolutionary navigation system called the Falcon rig. The Maltese Falcon is powered by two Deutz TBD60 engines and will fly through the sea at an amazing nineteen and a half knots per hour.