Goldman Sachs is considering investing in a business class-only airline after deciding to cash in on a boom in executive travel underpinned by its own jet-setting bankers.
It is understood that the investment bank's private equity arm has approached airline executives with a view to setting up a first-class carrier, following recent ventures such as Eos and MaxJet. Its buyout division also held informal talks with Silverjet, Luton's executive airline, about an investment but no deal was reached. If the airline did get off the ground it would be run as a conventional private equity investment and not as an air taxi service for Goldman's staff, banking sources said.
Also BA and VS are looking at business class only flights to the US from Europen when Open Skies gets going.