Ex-Citigroup CEO Flies Company Jet to Mexico

Retired Citigroup bigwig Sandy Weill takes his family to Cabo

What to do in the face of economic ruin?

Fly to Cabo San Lucas, of course -- on the company jet.

Ex-Citigroup CEO Sandy Weill used one of his former company's multimillion dollar jets to whisk his family to Cabo San Lucas, Mexico, to ring in the New Year, according to the New York Post.

Executives at the failing New York-based bank, which lost more than $28 billion over the last year and a half, agreed earlier this week to curb massive corporate expenses - including use of the four jets and one helicopter the company owns.

Weill, 75, who now serves as a senior advisor to the Citigroup chain, said last year that he will give up access to the private planes in April 2009.

The ex-CEO used the $45 million Bombardier Global Express jet to carry himself, his wife Joan, and his daughter Jessica and her family to the exclusive One & Only Palmilla Resort, the Post reports.

Rooms at the resort, where Eli Manning was married last April, can go for upwards of $10,000 a night for a four-bedroom suite.

The jet Weill took to Mexico features a full bar, crystal stemware, and and "pillows made from Hermes scarves," a former crew member told the Post.

Weill and his family stayed for nine days in Mexico. Industry experts told the Post that the estimated cost to charter a private plane for a trip like Weill's would be between $70,000 and $90,000.

Citigroup declined to comment on Weill's trip.

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