The loss of a key insurance policy was one of the main factors that hastened the demise of Greensill last year, triggering a sprawling financial and political scandal.
Greensill Capital Inc paid $83,646 a month for private jet
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Greensill Capitalâs US arm was paying $2,868 an hour to another subsidiary of the supply chain finance group to charter an Italian turboprop jet before it collapsed in March, bankruptcy filings reveal.
Greensill Capital (IOM), the owner of a Piaggio P180 Avanti II aircraft registered in the Isle of Man, agreed to provide services to New York-headquartered Greensill Capital Inc at the hourly rate of £1,600 for a minimum of 350 flight hours each year, according to an agreement signed between the two entities in May 2018.
Greensill Capital (IOM), which is also based on the self-governing island between the UK and Ireland, has claimed £88,845 ($159,250) from Greensill Capital Inc, which is going through Chapter 11 bankruptcy, for âlease of aircraftâ, according to creditorsâ claims.