JPMorgan Chase to Buy Two G650s, Build New HPN Hangar

[Matt Molnar]

JPMorgan Chase will spend $120 million to purchase two new Gulfstream 650 jets, and an additional $18 million to build "the premiere corporate aircraft hangar on the eastern seaboard" at Westchester Airport, according to an ABC News report. The current leaseholder of the hangar HPN officials want JPM to use is angry that it seems he is going to be forced out.

http://abcnews.go.com/Blotter/Story?id=7146474&page=1

[cancidas]

how nice... love seeing what my money is going to buy.

[Matt Molnar]

They say the government money will be paid back before any payments on the planes or the hangar are made. Still awful PR timing though.