Being in financial difficulty is nothing new for the 'Great Outdoors' firm Eddie Bauer; they filed for bankruptcy once before in 2009 and were rescued when Golden State Capital stepped in to buy the firm. A decade later, history is repeating itself. Although trading figures have largely remained steady, it's the company's debt that they're struggling to shift or restructure, and the serving repayments on the debt are crippling the firm.
Golden State Capital considered selling the company in 2017 to solve the problem, but in the same year, their credit rating was downgraded by S&P, which made them a less desirable proposition. It's not all bad news though. The company has rallied a little in the last twelve months and is apparently now in talks with California's Pacific Sunwear about a merger. The news was greeted with enthusiasm by the stock exchange, which saw Eddie Bauer's shares increase in value.
When you fly by private jet charter, you experience travel comfort known only to those who know private jets. And nothing illustrates this luxury better than celebrity private jets. Stars with their own private aircraft fly fancy.
John Travolta, the star of 70s cult movies like “Grease” and “Saturday Night Fever”, is not only one of the most famous Hollywood actors, but also one of the best celebrity pilots. John Travolta is a bonafide aviation enthusiast with five private planes total, which he parks on his front lawn. His most impressive aircraft is a customized Boeing 707-138 (as pictured above), a beast of a plane that he acquired in 1998 upon his promotion to an honorary pilot of Qantas, the Australian airline.
Oprah Winfrey’s production company HARPO bought her custom-built Global Express XRS VIP business jet to provide the media mogul and her associates with maximum aviation comfort. Oprah’s private jet features designer fixtures in the bathroom and galley, along with an exquisite all-leather interior. The aircraft was designed by Bombardier Aerospace to perform as a premier long-range business jet. Custom design allowed for an enhanced cabin layout with nine cushy leather seats, aesthetically-placed lighting, and additional luxury amenities. The jet cruises through the air at high speeds, made possible by two Rolls-Royce BR710 turbofan engines, which produce enough power to send HARPO clear across the map with only one refuel stop
Tom Cruise played an elite naval fighter jet pilot in the blockbuster movie “Top Gun”, and he now indulges his real love for flying in his own Gulfstream IV, one of the finest celebrity private jets around. Cruise’s beautiful business jet accommodates up to 19 passengers, providing comfort and class with state-of-the-art furnishings and aircraft technology. The jet even automatically refreshes the air inside the cabin every two minutes. Designed by Gulfstream Aerospace, Cruise’s jet is powered by two Rolls-Royce Tay 611-8 engines, propelling the aircraft to a maximum altitude of 45,000 feet over a maximum range of 7,820 km, zipping through the air at speeds up to Mach 0.80.
Mark Cuban, business mogul and owner of the Dallas Mavericks, landed himself in the Guinness Book of World Records for purchasing his Boeing 767-277 online in 1999, making “the largest single e-commerce transaction”. Cuban modified the jet with large, custom seats to give his team’s lengthy players plenty of room while flying.