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Saudi prince buys himself a private A380 superjumbo |
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Monday, 26 November 2007 |
SAUDI billionaire Prince Alwaleed bin Talal has become the first person to buy the ultimate status symbol - his own A380 superjumbo.
Airbus has named the Saudi royal, whose interests span hotels and banking to the operator of Disneyland Paris, as the mystery buyer of a VIP version dubbed the 'Flying Palace'.
Wikipedia values A380s at $US319.2m, or about $Au360m.
Leg room will not be a problem on the Flying Palace, which has 551 square metres of floor space, enough to hold the ballroom of London's Savoy Hotel - which the prince owns.
Sales of private jets are booming amid security concerns.
Boeing has three VIP clients who have bought five of its latest giant, the 747-8 Intercontinental which is due to enter service with airlines in 2010, a Boeing spokesman said.
Prince bin Talal is the world's 13th richest person, according to Forbes magazine, and US banking group Citigroup's largest individual shareholder.
The buyer's identity had been secret for months.
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Last Updated ( Monday, 26 November 2007 )
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