http://www.nypost.com/seven/03232009...set_160883.htm
JPMORGAN OKS $119M FOR JET SET
Execs at "bailed-out" JPMorgan Chase are banking on smooth flying ahead.
The banking behemoth, which took $25 billion in tax funds last fall, has two new Gulfstream 650 jets on order, The Post has learned.
Currently, the company has four Gulfstream jets at its private facility at Westchester Airport. It also owns shares in two other private jets.
It has begun making payments on the two new, state-of-the-art Gulfstreams, which sell for $59.5 million each and can almost break the sound barrier, spokesman Joe Evangelisti said.
"We are not going to add any planes. Any purchases in the decade ahead will take the place of an existing plane," Evangelisti said.
"JPMorgan will not spend one penny for a new plane or renovation of the hangar until we've repaid the TARP money," he added, apparently limiting his definition of "new plane" to additional aircraft.
The bank is healthier than its rivals, but its stock is still down by half compared to last year.
Delivery of the jets is expected in 2012, at the earliest.
JPMORGAN buys 2 jets
) that they are stopping their 401K monthly match at the end of April! It might be done yearly, which is contingent on your employment status on 12/31 of the year in question (you have to be working there at the end of the year to get the match). And the match will only be a possibility based on the company's performance, so you may not get it at all.
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