The Facebookers Will Inherit the Earth
Since the extra fees, deplorable beverage selection, and the chance of getting a singing flight attendant doesn’t make flying an already miserable experience, Airbus is looking to make it even worse.
The French aircraft manufacturer has submitted a patent for a new passenger seat that resembles a bike. The proposed contraption would have very little legroom, a bicycle-like seat, and a nonexistent headrest.
Nobody does nouveau-riche quite like a Russian oligarch. But Alisher Usmanov, the richest man in Russia, might have perfected the form. Although most of the press around Digital Sky Technologies (DST), the valuation-happy venture capital firm, focuses on founder Yuri Milner, Bloomberg reported earlier this year that Mr. Usmanov actually owns an 80 percent stake in the firm. That means that when DST sold Facebook shares worth about $1.7 billion during the company’s IPO, about $1.4 billion of that went to Mr. Usmanov.
And the man hasn’t wasted any time making it rain. In the days since the IPO, Mr. Usmanov, who first made his fortune in mining and metals, has purchased the biggest private jet in Russia, a wide-body Airbus A340-300. Putting Putin to shame, apparently.