Business Irish

Sunday 18 March 2018

Quinn Group to sell 10-seat jet as cuts gather pace

The Quinn Group is selling its 10-seat private jet, describing the asset as "non-core'' as the firm cuts costs.

The 2005 Dassault Falcon 2000 is being sold by a Florida-based private jet dealership.

It is understood the jet could fetch about €12m, compared to the €16m it cost originally.

It is understood the plane is currently in Florida undergoing repairs and will then be sold, the 'Sunday Times' reported yesterday.

Quinn Group has already initiated plans to sell an Agusta 109 helicopter, which was often used by the company's founder Sean Quinn.

Mr Quinn was one of the pioneers of Ireland's helicopter class.

Irish Independent

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