$300 million for A380 Flying Palace

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With 10,000 private jets flying in the U.S., a few billionaires are signing up for something roomier – jumbo jets that can be outfitted as mobile mansions.

WSJ’s Wealth Report highlights on one such client, a Middle Eastern head of state, who shelled out $300 million on the notorious Airbus 380, an aircraft which is running way behind in its production schedule.

The unidentified buyer, will spend an extra $100 million to turn the craft into a more exclusive conveyance which Airbus eloquently calls “The Flying Palace”.

But why such opulence? according to New York based “jet-interior designer” Edése Doret; “You can host an elegant dinner party on the ground in a third-world country, after you bid your guests a fond farewell, you close the door and head home.”

Source : sueddeutsche.de

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