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The Carlyle Group trying to sell corporate jet

Published on February 28th, 2009

Somebody sent me this article from Cityfile.com.  It is about The Carlyle Group having to sell their corporate jets.  The Carlyle Group owns and operates the ManorCare nursing homes throughout the country.  They are notorious for under-staffing and neglect.  Below is part of the article although the Cityfile website has additional information.

You can add The Carlyle Group to the long, long list of financial firms looking to cut back on their private jet budgets. The Washington-based private equity giant that counts members of the Bush family as investors is now looking to unload its 2004 Gulfstream G450. Like its rivals, it’s been a challenging few months for Carlyle, which was ranked the largest private equity firm last year by Private Equity International. In December, the firm announced plans to slash 10 percent of its staff—the first layoffs in Carlyle’s 20-year history—and it also said it planned to close down its Silicon Valley office. The jet broker responsible for selling the G4 didn’t indicate how much Carlyle is hoping to get for the plane. (Similar models run about $30 million.) But if you’re in the market for a jet that’s made its fair share of trips to Kennebunkport and Crawford, you may want to set aside a little extra to replace all the gaudy gold plating in the bathroom and kitchen. Photos and detailed specs after the jump.
 

Joe Pioletti
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