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This $ 500K Private Jet Package has exclusive experiences throughout Mexico – Robb Report

Do you want to wrap a year's worth of postponed travel into an unforgettable trip? This $ 500,000 package from MexicoThe Velas Resorts group must do the trick. Can be booked until the end of the year Grand Velas Journey is a two-week, two-person private jet itinerary filled with activities that celebrate everything we've missed about life on the road, from exciting outdoor adventures and exclusive culinary experiences to lots of good old-fashioned pampering. You can enjoy it all from a base in the Presidential Suites at Grand Vela's properties in Riviera Maya, Riviera Nayarit and Los Caboseach of which…

BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP profits plunge 96% in fourth quarter as pandemic hits fuel demand

BP reported a 96 per cent drop in fourth-quarter profits as the hit to energy demand from the pandemic and weaker trading results took the UK oil major to its first annual loss in a decade. Underlying profit on a replacement cost basis — the measure of income tracked most closely by industry analysts — was $115m in the three months to December 31. This fell short of analyst expectations of a profit of $370m, according to a company-compiled estimate, and compares with $2.6bn in the same period the year before. It has been a brutal year for the industry,…

Your mortgage financing can cost thousands more thanks to the new fee

Getty Refinancing is expected to become more expensive in the fall. A new fee, known as the "unfavorable market refinancing fee" (Fannie Mae) or the "market-related credit fee" (Freddie Mac), will be assessed on most refinancing loans sold to Fannie Mae and Freddie Mac, from September 1st. The fee is a flat 0.5% or 50 basis points of the total loan amount and adds hundreds or even thousands of dollars to the cost of refinancing. The new fee comes at a time when mortgage rates are falling to record lows and refinancing activity is increasing. Refinancing activity last week increased…

LunaJets sees a perfect storm for the private jet industry

GENEVA, September 8, 2020 / PRNewswire / - The industry is entering a perfect storm. The private jet market faces unprecedented challenges as the COVID-19 pandemic has exacerbated an already fragile industry. The private jet charter market has fallen by 33.8% in volume year to date and even lower in revenue with Europe makes it worse than America. All charter market segments are affected, but the most affected are the long transcontinental and corporate charter flights. The current wave of new quarantine measures and travel restrictions will have an immediate and devastating effect on the market, predicts LunaJets. The perfect…

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