Nimbus Group gets $1.2 billion financing for jet purchases
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Posted 4:05PM on Monday, February 11, 2002
FORT LAUDERDALE, Fla. - Nimbus Group Inc. said Monday it received a $1.2 billion commitment to finance its purchase of 1,000 jets from aircraft maker Eclipse Aviation. <br>
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Dafin Asset Finance Limited, an affiliate of Royal Bank of Scotland International, provided the financial commitment. <br>
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Nimbus, a startup jet taxi service based in Fort Lauderdale, Fla., said the jets are slated for delivery beginning in 2004. <br>
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Until fall 2001, Nimbus was an Internet company called Take to Auction, and it has never operated an air-charter service. The company ordered 1,000 planes from Eclipse, Albuquerque, N.M., in mid-September with hopes of creating the largest air-taxi service in North and South America under a newly created unit, Nimbus Jets. <br>
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Nimbus's on-demand private jet aircraft taxi service is starting at $600 per flight hour. <br>
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Earlier this year, Nimbus announced plans to sell its Take to Auction.com Web site, which allows customers to put up a cash investment and choose merchandise to sell at online auction sites or though an online store. <br>
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