CNN & Jet Advisors

CNN Jet Advisors Feature: Expert Opinion on Corporate Jet Spending

CNN Turns to Jet Advisors for Expert Analysis on Citigroup’s Private Jet Controversy

In the midst of public scrutiny over corporate aviation spending, CNN sought out Jet Advisors President Kevin O’Leary for his expert opinion on Citigroup’s proposed acquisition of a $45 million Dassault Falcon 7X. The interview aired on the January 26th edition of The Situation Room with Wolf Blitzer, in a report titled “Bailed-Out Bank Buys Jet.”

A Closer Look at the Controversy

At the center of the media spotlight was Citigroup’s plan to purchase a Falcon 7X—an ultra-long-range private jet manufactured by Dassault Aviation. Though the order was placed two years earlier, the deal became controversial after Citigroup received $45 billion in federal bailout funding, prompting questions about the timing and optics of such a high-profile acquisition.

Jet Advisors Defends Smart Aviation Strategy

Kevin O’Leary, a recognized authority in corporate aircraft acquisition, told CNN correspondent Mary Snow that canceling the order could have been costlier in penalties and lost value. “It would be almost foolish to walk away and pay all those penalties and not take delivery of the airplane,” he said.

O’Leary further explained that Dassault aircraft typically hold strong residual value, and the long-term return on investment—especially in a recovering economy—could justify the purchase. He also highlighted that the Falcon 7X is among the most fuel-efficient jets in its class.

Business Aviation as a Strategic Asset

Jet Advisors emphasized that corporate aviation is more than a luxury—it’s a strategic business tool. According to O’Leary, aircraft like the Falcon 7X save executives 20 to 21 days of travel time per year by avoiding commercial delays and allowing in-flight productivity in a secure, private environment. This efficiency translates directly into increased revenue and a faster return on the aircraft investment.

Final Outcome

Though Citigroup ultimately canceled the delivery of the Falcon 7X due to public pressure, Jet Advisors stood by the role of business aviation in corporate strategy. As Kevin O’Leary explained, “Private jets, when used appropriately, save time, reduce costs, and enhance performance.”

Learn more about Jet Advisors’ objective consulting services for private and corporate aviation clients, and how we help businesses make informed, data-driven decisions. Contact us today for expert guidance on aircraft acquisition, valuation, and fleet planning.