investing.reuters.uk
Saudi billionaire Prince Alwaleed bin Talal has become the first person to buy the ultimate status symbol — his own A380 superjumbo. Planemaker Airbus named the Saudi royal, whose interests span hotels and banking to the operator of Disneyland Paris, as the mystery buyer of a VIP version dubbed the Flying Palace.
The buyer’s identity had been secret for months but was unveiled to coincide with the Dubai air show on Monday.
The price of the deal was not disclosed. Russian billionaire Roman Abramovich recently denied buying the plane, which costs over $300 million to ordinary airlines.
Prince Alwaleed confirmed the order despite seeing $2.5 billion wiped off his personal fortune in the past month due to a slide in the shares of U.S. banking group Citigroup
