11-05-2006, 05:32 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Minister Anand Kilari says he's saved countless orphans in India and stopped wars around the world. But he is at least equally proud of owning a 747, which he christened Global Peace One. He beams when he announces that the only other person in the world with a private 747 is George W. Bush.
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Kilari told us the plane was donated by "two businessmen," and the plane flew three overseas trips that, combined, cost less than $1 million.
Yet the sale documents show that <b>Global Peace Initiative paid $3 million </b>for the plane. <b>The plane's net expenses for the first year were calculated at $5.7 million. About half of that was for fuel alone. </b>
Fleet Financial appears to have done whatever it could to facilitate the sale, even advancing GPI $182,000 for parts and services. There is no indication GPI ever repaid the bank.
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<b>Documents show that Kilari assumed an all-volunteer crew would eliminate the need for salaries, and the broker was concerned that he would put that saved money into things like catering instead of safety. </b>
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In November 2005, the pilot, co-captain and flight engineer quit after Kilari didn't address their concerns, which included trails of debt, poor flight planning and ministry credibility.
<!--QuoteEnd--><!--QuoteEEnd--> <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->
His plane
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Hamilton Aerospace Technologies...
Renegade Venture (NEV.) Corporation (OTC BB:RDVN.OB - News) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies (HAT), has successfully delivered a Boeing 747SP aircraft to the highly regarded international humanitarian organization Global Peace Initiative (GPI) following successful completion of major maintenance, interior refurbishment and other return-to-service work.<!--QuoteEnd--><!--QuoteEEnd-->
<img src='http://media.newtimes.com/45568.0.jpg' border='0' alt='user posted image' />
I want him to keep this plane forever.
..................
................
Kilari told us the plane was donated by "two businessmen," and the plane flew three overseas trips that, combined, cost less than $1 million.
Yet the sale documents show that <b>Global Peace Initiative paid $3 million </b>for the plane. <b>The plane's net expenses for the first year were calculated at $5.7 million. About half of that was for fuel alone. </b>
Fleet Financial appears to have done whatever it could to facilitate the sale, even advancing GPI $182,000 for parts and services. There is no indication GPI ever repaid the bank.
................
<b>Documents show that Kilari assumed an all-volunteer crew would eliminate the need for salaries, and the broker was concerned that he would put that saved money into things like catering instead of safety. </b>
..........
In November 2005, the pilot, co-captain and flight engineer quit after Kilari didn't address their concerns, which included trails of debt, poor flight planning and ministry credibility.
<!--QuoteEnd--><!--QuoteEEnd--> <!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->His plane
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Hamilton Aerospace Technologies...
Renegade Venture (NEV.) Corporation (OTC BB:RDVN.OB - News) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies (HAT), has successfully delivered a Boeing 747SP aircraft to the highly regarded international humanitarian organization Global Peace Initiative (GPI) following successful completion of major maintenance, interior refurbishment and other return-to-service work.<!--QuoteEnd--><!--QuoteEEnd-->
<img src='http://media.newtimes.com/45568.0.jpg' border='0' alt='user posted image' />
I want him to keep this plane forever.