“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Executive Jet Settles Child-abduction Lawsuit
A child-abduction lawsuit involving charter and aircraft management services operator Executive Jet Management (EJM) has been settled out of court, according to attorneys for the plaintiff, Cornelia Streeter. The parties are bound by the settlement conditions not to disclose terms, but a source close to the case said the amount was "considerably less" than the original award of $27 million.
The lawsuit had its origins in the 2001 charter of an EJM Gulfstream by Anwar Wissa Jr., former husband of Cornelia Streeter and father of their two children. Wissa, an Egyptian national, took the children with him to Egypt on the flight.
After the abduction, Streeter, who had been granted custody of the children, engaged in a successful legal battle to have them returned. She also filed a lawsuit against EJM, claiming that the charter operator had failed to question the absence of the mother or to ask for a consent form granting her permission for the minor children to travel abroad in the father's custody.