March 21st, 2009
Royal Bank of Scotland cancelled a $45 million order for a luxury private jet that would have been used by its ousted chief executive and other executives if the bank had not needed a taxpayer bailout.
R.B.S. is majority-owned by the British government and is mired in a high profile row over a £16.6 million ($23.7 million), pension pot for the chief, Sir Fred Goodwin.
R.B.S. placed the order for the ultra-modern long-range Falcon 7X worth $45 million about five years ago, and the plane was due to be delivered this year.
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