Saudi prince buys 1st VIP Airbus
Shucks. Now, you'll have to wait
in line.
The world’s 13th richest man has set a new standard for billionaire opulence with the
first VIP order for the A380
superjumbo.
Saudi prince Alwaleed bin Talal, who topped the Forbes Arabia rich list last year, has invested a small piece of his estimated $20.3 billion fortune in an Airbus “Flying Palace”, which is priced out of most tycoons’ range with a retail price of $310 million.
David Velupillai added that the A380 gave Prince Alwaleed considerably more room than his smaller 747-400.
“He will get 50% more floor space. What a lot of corporate jet customers want is to trade up to something bigger and better. If you already have a 747, then bigger and better is an A380.”
Alwaleed, a cousin of the Saudi King Abdullah, is invested in Citigroup, News Corporation and Time Warner - aside from the stuff under the ground in Saudi Arabia.
Saudi prince Alwaleed bin Talal, who topped the Forbes Arabia rich list last year, has invested a small piece of his estimated $20.3 billion fortune in an Airbus “Flying Palace”, which is priced out of most tycoons’ range with a retail price of $310 million.
David Velupillai added that the A380 gave Prince Alwaleed considerably more room than his smaller 747-400.
“He will get 50% more floor space. What a lot of corporate jet customers want is to trade up to something bigger and better. If you already have a 747, then bigger and better is an A380.”
Alwaleed, a cousin of the Saudi King Abdullah, is invested in Citigroup, News Corporation and Time Warner - aside from the stuff under the ground in Saudi Arabia.
Posted: Mon - November 12, 2007 at 09:17 AM