Finance, Taxes, Insurance
Citi helps buyers finance their business jets
The boom in demand for business jets is inevitably pushing prices skyward, and Citi Private Bank is here (Booth No.

The boom in demand for business jets is inevitably pushing prices skyward, and Citi Private Bank is here (Booth No. 858) to help would-be buyers finance their airplanes.

Mary Schwartz, Citi’s aircraft finance director, said here on Monday that sales of new aircraft amounted to $13 billion in 2005. Transactions involving used aircraft were worth another $30 billion, and the figures for last year were better still. This year seems to be a continuation of the upward trend, and while analysts are predicting a softening in the global economy in 2009, their forecasts point to an early resumption of growth.