Reply #68: There was this line in the full article. Sparked a few questions for me. [View All]

[BreweryYardRat]

"It's not uncommon for large companies to pay a deposit on a new plane then cancel the order before delivery, according to a source in the corporate aviation business."

How much of a deposit? Hell, someone here could call Dassault and see what they require for a deposit. Did Citibank pay down more of the total 50 mil cost back when they were loaded? If so, how much?

Would President Obama be legally able to mandate that Citibank pay the government the cost differential (amount of money already paid to Dassault, compared to total cost of the plane) from the two smaller $27 million planes they're selling? If so, I'd say let them go ahead, but slap them with sanctions (preferably on the execs' own personal funds) for trying to sell the small planes quietly. If not...can we force them to cancel the order? (From the story, it doesn't sound like they've actually gone ahead and paid Dassault the remaining amount owed.)

Also, I'm surprised to see this piece in the Post. Isn't that paper owned by Rupert Murdoch?