The Private Jet Of Legendary Automotive Executive Lee Iacocca Source Bing.com
Lee Iacocca is one of the most successful American automotive executives of all time. He was the President of Ford Motor Company and then the Chairman of Chrysler Corporation. As a result of his success, he became quite wealthy and owned a private jet. This article will take a look at the private jet he owned and the history of his career.
The History of Lee Iacocca’s Career
Iacocca was born in Allentown, Pennsylvania, in 1924 and eventually attended Lehigh University. After college, he started working at Ford Motor Company and eventually rose through the ranks to become the President of Ford. During his tenure as President, he oversaw the creation of the iconic Ford Mustang. After leaving Ford, Iacocca became the Chairman of Chrysler Corporation and is credited with saving the company from bankruptcy. He also introduced popular cars like the Chrysler minivans and the Dodge Caravan.
The Private Jet of Lee Iacocca
In addition to his success in the automotive industry, Iacocca was also able to purchase a private jet. The jet he purchased was a Cessna Citation I/SP, which is a small business jet with a range of 1,500 miles. It was powered by two Pratt & Whitney JT15D-1A engines and could seat up to six passengers. The jet was quite expensive at the time and cost Iacocca over $2 million.
The Uses of Lee Iacocca’s Private Jet
Iacocca’s jet was mostly used for business purposes. He would fly to different automotive plants around the country to inspect the progress of various projects. He would also fly to meetings with other automotive executives and potential investors. In addition, he would occasionally take his family on trips with the jet.
The Maintenance of Lee Iacocca’s Private Jet
The jet was regularly serviced and maintained by a team of technicians. This included regular engine and airframe inspections, as well as regular engine oil changes. In addition, the interior of the jet was regularly cleaned and the seats were reupholstered on a regular basis.
The Sale of Lee Iacocca’s Private Jet
In 2005, Iacocca sold his private jet. He decided to sell the jet because he was no longer in the automotive industry and felt that he no longer had a need for it. The jet was sold to an unnamed buyer for an undisclosed amount.
The Legacy of Lee Iacocca
Lee Iacocca is one of the most successful American automotive executives of all time. His career was filled with successes and accomplishments, and he is credited with saving Chrysler Corporation from bankruptcy. He was also able to purchase a private jet for his travels, which is a testament to his success.
Conclusion
Lee Iacocca had a successful career in the automotive industry and was able to purchase a private jet as a result. The jet was a Cessna Citation I/SP, which had a range of 1,500 miles and could seat up to six passengers. The jet was mostly used for business purposes, and it was regularly serviced and maintained by a team of technicians. In 2005, Iacocca sold the jet to an unnamed buyer for an undisclosed amount.
