You are here

Blackstone starts new fund for luxury-jet market

Group joins growing list of lenders eager to get a share of the projected US$280b business

Orlando, Florida

BLACKSTONE Group LP, vying with financiers including Citigroup Inc, is starting a new fund to provide loans for a luxury-jet market projected to reach US$280 billion over the next decade.

The fund's creation adds Blackstone, the world's largest alternative-asset