Since Lehman Brothers filed for bankruptcy more than a year ago, the securities firm has sold two Gulfstream IVs, a Dassault Falcon 50 and a Sikorsky chopper. Lehman parked the jets at the Westchester County Airport in White Plains, New York, a convenient locale for its former chief executive Richard Fuld, who lives in nearby Greenwich, Connecticutt.
Over the years, the planes took Fuld and his team to many far-flung locations; one was used to fly Lehman executives to South Korea during its unsuccessful attempt in 2008 to find a buyer for the company. On the March weekend that Bear Stearns crumbled, Fuld was on one, heading to India to meet clients. The planes also flew Fuld to his homes in Jupiter, Florida, and Sun Valley, Idaho.