Friday, January 9, 2009

starbucks friendly skies

The Seattle Times reports that Starbucks bought a $45 million Gulfstream 550 to add to their corporate fleet. The company ordered the jet three years ago in less austere times. A spokeswoman said that the company decided it would be too expensive to cancel the order. This new plane brings the Starbucks fleet up to three including a seven-year-old Gulfstream V that it is trying to sell. According to Bob Zuskin, a consultant at Jet Perspectives, that plane could have brought in $45 million six months ago but would now be more likely to fetch a price in the $32-34 million range. The new jet spent its first two weeks under Starbucks ownership in Hawaii...must be nice..