Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

BRIAN ROSS, JOSEPH RHEE and MEGAN CHUCHMACH
ABC
Monday, March 23, 2009

Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build “the premiere corporate aircraft hangar on the eastern seaboard” to house them, ABC News has learned.

The financial giant’s upgrade includes nearly $120 million for two Gulfstream 650 planes and $18 million for a lavish renovation of a hangar at the Westchester Airport outside New York City.

A public hearing will be held by Westchester County officials tonight regarding JPMorgan’s request for new hangar space.

According to JPMorgan Chase architects, the new hangar will be built with reclaimed wood, quarry tile and even a “vegetated roof garden.”

(ARTICLE CONTINUES BELOW)

JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar 335x205 graph128c aj

The Gulfstream 650′s are described by the manufacturer as the “fastest,” “widest” and “most comfortable” private jet ever with superior cabin amenities, an optional stateroom, and 12 interior designs to choose from.

  • A d v e r t i s e m e n t

“It’s a remarkably boneheaded decision,” said corporate watchdog Nell Minow, the editor and founder of The Corporate Library, a group that provides independent corporate governance research and analysis. “It’s completely tone deaf.”

Mike Dolphin, president of fixed-based operator Avitat Westchester, is fighting the bank’s grand plans  because he says JPMorgan’s proposed expansion would force his company out of the hangar the bank is eyeing. Westchester County, NY has recommended that the bank  a “high quality corporate citizen”  be awarded the lease to the hangar when it becomes available in April 2010, in part, because of how much money it is dedicating for the “construction of a state of the art “green building.”"

Full article here

This article was posted: Monday, March 23, 2009 at 12:08 pm





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Keith Olbermann Trash Talks Drudge, Infowars In Bizarre Twitter Rant See the rest on the Alex Jones YouTube channel.

Open Borders Advocate Plays Race Card See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.