WWE buys Global 5000 business jet and makes it available for private charter
WWE replaces 20-year-old corporate jet with a $27 million Bombardier Global 5000 using funds from RBS Asset Finance.
World Wrestling Entertainment, Inc. – known to wrestling fans as the WWE – has replaced its 20-year-old Canadair Challenger corporate jet with a 2007 Bombardier Global 5000 (msn 9192 / N700LK) in a transaction financed by RBS Asset Finance.
RBS provided the WWE with $31.6 million on a seven loan term for the aircraft, which will be based at Westchester County Airport in White Plains, New York.
The WWE gave details of its new aircraft in its financial report from the second quarter of 2013 filed to the US Securities and Exchange Commission:
On 16 June 2013, we entered into a purchase agreement to buy a 2007 Bombardier Global 5000 jet for a purchase price of $27 million which will replace the company’s current corporate aircraft. We entered into this purchase agreement after an agreement to purchase a comparable aircraft under similar terms was terminated. We anticipate the total cost of the aircraft including certain improvements to be in the range of $31 million to $33 million. The company expects to market the current aircraft for sale after completion of the purchase of the new aircraft and subsequent refurbishment of both the purchased aircraft and our existing aircraft.
The company has formed a jet services company, known as the WWE Jet Services Inc., to operate the aircraft and will make it also available for private charter, giving wrestling fans the chance to fly on the same jet as their favourite wrestlers.
The aircraft can carry up to 19 passengers and is believed to include a sound-proof cabin and office, featuring internet access, a microwave oven and state-of-the-art coffee maker.