M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Thursday, December 20, 2012

Corporate Jets and Music

What good is having access to a corporate jet if you can't use it to help launch your son's music career?  I mean, no one ever made to the big time by going to gigs in a bus.  Am I right? AmIright?

The good fellows at WSJ tracked the movements of Mylan's corporate jet and found that it conveniently tracked the touring schedule of the CEO's son:

On July 3, 2010, for example, Tino Coury performed a late-night gig at a Cincinnati nightclub. At 3:18 a.m., the Mylan jet left Cincinnati for West Palm Beach, Fla., arriving there around 5 a.m. Later that day, Tino Coury performed at a July 4th concert in West Palm Beach.

The following week, Tino Coury performed near Hartford, Conn. Shortly afterward, the Mylan jet traveled from Hartford to Las Vegas, where he had his next performance. Based on the aircraft's estimated hourly operating cost, the tab for the one-way flight was about $22,000.

C'mon ... download some of his music (here) so he can get his own jet!

Happy Holidays!

-bjmq

http://lawprofessors.typepad.com/mergers/2012/12/corporate-jets-and-music.html

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