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For anyone in the market for a corporate jet, federal regulators have just the thing for you.
The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seating and a pop-out dining table. The jet became the FDIC’s responsibility after the failure of First Republic Bank, adding to the agency’s strange assortment of seized assets over the years, including a 17th century castle door, a gold mine in Idaho and a wig shop with 705 men’s hairpieces.
The jet’s sale comes after the regional bank failures that rattled markets this spring. The collapse of another California lender, Silicon Valley Bank, led to the FDIC’s recent auctioning of a collection of 1,900 wine bottles.
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