Word: learjets
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...cartels' ability to infiltrate officialdom has grown so convincing that many Mexicans have trouble believing the government's assertion that a fiery Learjet crash this month on a busy Mexico City avenue - which killed Calderón's Interior Minister and de facto Vice President, Juan Camilo Mourino, and top security adviser Jose Luis Santiago Vasconcelos - was an accident and not narco sabotage. That dwindling public confidence has done nothing to help the Calderón administration fend off the effects of the global economic crisis. This year the Mexican peso has lost about a fifth of its value against...
Cars were crawling through Mexico City's rush-hour traffic on Tuesday night when a Learjet came hurtling out of the skies, hit a road in the center of the city and burst into flames. As police and ambulances rushed to the scene to carry dozens of injured motorists to the hospital, it was reported that the plane had been carrying Interior Minister Juan Camilo Mouriño, Mexico's equivalent of a Vice President. Mouriño died instantly in the crash along with seven others, including a top security adviser and former federal prosecutor, José Luis Santiago...
...Whatever brought the Learjet down, it will be hard for the Mexican government to convince the people that it was an accident, in light of the torrent of attacks on public officials by drug gangs. High-ranking police, prosecutors and judges have been slain across Mexico this year, while assassins have massacred hundreds of rank-and-file police and soldiers. Although cartel hitmen traditionally kill their targets with firearms, they have lately grown increasingly sophisticated and ruthless - drug gangs are alleged to be behind a bomb that exploded in Mexico City in February and grenades that were thrown into...
...much room for growth. According to a 2005 report by Credit Suisse, only about one in five wealthy Asians uses private-banking services, which run the gamut from investing in stocks, hedge funds and private equity to providing tailored advice on everything from estate planning to buying the right Learjet or yacht for your family. At the same time, the region's robust economic expansion is creating a population explosion in the champagne-swilling classes. Most private banks sell their services only to those who are, in the industry jargon, "high-net-worth individuals" (HNWIs)?people with fortunes...
...have a whole family of jets specifically tailored for the executive-aircraft market, while Embraer has simply refitted one of its commercial jets." But as Knappen spoke, the government of India announced it had bought five 10-seat Legacys for use by its top officials. Bombardier - which owns Learjet, the world's most famous business-jet maker, and Global, a line of larger craft costing as much as $44 million - had competed for that contract. Bombardier, while proud of its status as the world's third largest aircraftmaker (after Boeing and Airbus), is feeling more and more like Goliath...