luxury

Visa cardholders can book luxury accommodations worldwide with many perks

February 25, 2010 - 5:58am | News | Plastic cards

Visa Inc. has lunched a new premium travel offering called Visa Signature Luxury Hotel Collection (VSLHC) to provide its cardholders with benefits of selecting from a group of prestigious properties throughout the world.

Visa Signature cardholders can now book accommodations at luxury properties across the globe from celebrated hotels and resorts to new boutique gems.

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Wealthy can now sell out their property online

November 10, 2009 - 4:55am | News | Other themes

From now broking millionaires gained an ability to place to sell their mega-yachts, super-cars and family jewels at an Internet auction site BillionaireXchange, avoiding the need to resort to the pawn shop. BillionaireXchange was launched officially on Monday and is likely to profit from the worst recession in decades, which has extended its reach to the rich and famous in the US. As the company representatives said it has already played a role in the sale or exchange of more than $180 million in assets during a 10-month test phase, and has also noticed a trend of distressed transacti

auction site | BillionaireXchange | luxury | millionaires

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CEOs in America cannot stop using corporate jets even if it angers others

June 10, 2009 - 8:16am | Analytics | News

Many US corporate CEOs are still enjoying the privilege of personal use of company plains even despite the current condition of economy.

In many companies throughout the USA chiefs are required to use corporate plains in all cases as well as personal flights for reasons of safety of their leaders. Moreover, using company’s plain chiefs needn’t to waste their time in airports.

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Bank of America’s erection of a Ritz Hotel, outrageous?

May 29, 2009 - 2:16am | Banks and internet banks | News

While the tough economy environment made government to inject a great amount of money into the financial industry many observers and ordinary people became very critical of what purchases leading banks are making today. Corporate jets and executives pays are very hot topics of criticism for the advocates of taxpayers’ rights. Now another portion of fuel to the fire is Bank of America’s plans to erect a five-star hotel across the street from its headquarters.

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Public indignation makes Citi and RBS abstain from buying jets

March 20, 2009 - 6:37am | News | Other themes

Two bailed-out banks, Royal Bank of Scotland (RBS) and Citigroup have cancelled orders for luxury private jets.

Last October, RBS had saved about $45m (£31m) that were planned to be spent for the purchase of a new long-range Falcon 7X, as revealed by the manufacturer, Dassault Aviation, during its annual results report. The jet was being ordered for Sir Fred Goodwin, the former chief executive, and his management team to replace RBS's existing jet, which was put up for sale by new chief Stephen Hester

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