Latest news with #GulfstreamG550
Yahoo
27-05-2025
- Business
- Yahoo
Airmen hold first training sortie for new electronic attack plane
Airmen this month conducted the first mission training sortie for the new EA-37B Compass Call, a milestone for the adoption of the Air Force's new electronic attack aircraft. The training flight was carried out May 2 by the 43rd Electronic Combat Squadron at Davis-Monthan Air Force Base in Arizona, the service said. 'This EA-37B mission culminates years of planning and coordination between thousands of people spanning many organizations,' squadron commander Lt. Col. Tray Wood said. 'The hard work and dedication of these groups ensure the [55th] Electronic Combat Group is prepared for future conflict with the 43rd Electronic Combat Squadron leading developments in the electromagnetic spectrum.' The EA-37B is a heavily adapted Gulfstream G550 business jet designed to conduct electronic warfare operations to support U.S. and allied forces. It is slated to replace the service's aging fleet of EC-130H Compass Call aircraft. The aircraft is loaded with classified equipment that can jam enemy communications, radar and navigation signals. It can also defuse roadside bombs wirelessly and block enemy air defenses from transmitting information between sensors, control networks and weapons, which will allow U.S. and partner aircraft to get closer to their targets. The Air Force plans to buy 10 EA-37Bs from BAE Systems and L3Harris, half of which have so far been delivered. The companies, which are co-prime contractors on the plane, expect to deliver the final five in 2027 and 2028. The first EA-37B was delivered to Davis-Monthan in August 2024 to begin pilot training. 'The EA-37B and the professionals who support its mission represent the most recent evolution in a long history of [electromagnetic spectrum] dominance for the' 55th Electronic Combat Group, said Lt. Col. Jesse Szweda, the squadron's director of operations. 'The capabilities of this platform are the cornerstone to addressing emerging threats in any [area of responsibility] at any time.' The electronic attack equipment for the new Compass Calls are built by BAE, and then integrated into the G550 jets at L3Harris' facility in Waco, Texas. The G550s' outer mold lines are modified to make room for the equipment at Gulfstream's facility in Savannah, Georgia. The service has so far retired 10 of its 14 EC-130Hs, which were flown frequently during the Iraq and Afghanistan wars. The older Compass Calls were modified C-130Hs, some of which date back to the Vietnam War. The new EA-37Bs will fly 40% faster than the older models and have twice the range, and be able to fly nearly 15,000 feet higher, L3Harris said in April. By creating the new Compass Calls out of modern, commercial derivative aircraft, the prime contractors expect the Air Force will be able to obtain spare parts and sustain it more easily.
Time of India
27-05-2025
- Entertainment
- Time of India
Behind bars, but Diddy rakes in millions! Clueless rich travellers fund rapper's $10M sex trafficking defence via secret jet scheme
Despite being behind bars and currently standing trial in a federal court, Sean 'Diddy' Combs, aka Puff Daddy or P. Diddy continues to make serious money, largely thanks to the luxury jet he owns. The rapper and entrepreneur is leasing out his $60 million Gulfstream G550, raking in millions even as he faces mounting legal trouble. His federal sex trafficking trial, which officially began on May 5 in Manhattan, has already seen high-profile testimony from witnesses including his ex-girlfriend Cassie Ventura, fellow artist Kid Cudi, and a former personal assistant. With legal fees reportedly soaring past the $10 million mark, it appears the embattled mogul is relying heavily on his jet's rental revenue to keep his defence strategy afloat. Diddy's jet earns millions under the radar As per a report, Diddy has quietly made $4.1 million since his arrest in September 2024 by renting out his sleek Gulfstream G550 called LoveAir — all while renters remain unaware that they're flying on a jet owned by the embattled rap mogul. The jet is listed and operated by luxury aviation company Silver Air, which handles all bookings without disclosing the aircraft's ownership. This strategic anonymity has allowed the business to continue uninterrupted despite the hip-hop mogul facing multiple lawsuits. With at least 126 flights completed and over 149,000 miles logged, the jet is also one of the aircraft that consumed the most miles last year. Inside Diddy's Gulfstream G550: $60M jet flying elite passengers The jet, flown 126 times as of May 20, offers high-end comfort with oak-toned interiors, oversized couches, and seating for 14. With an average rental of $32,597 per trip, the Gulfstream G550 has logged nearly 150,000 miles since Diddy's arrest. Private jet income helps cover Diddy's $10M legal defence With mounting legal expenses stemming from federal charges of racketeering, sex trafficking, and transporting individuals for prostitution, the private jet income helps cover Diddy's $10M legal defence. In addition to this, the hip-hop mogul has been forced to list his sprawling $61.5 million Beverly Hills mansion in a bid to raise funds. However, with the home sitting without buyers on the market for over 200 days, it's his $60 million private jet that has stepped in as his most reliable source of income. No relief for Diddy Meanwhile, Diddy has found himself with little to no help, as all his high-profile connections have turned a blind eye to his trial, seemingly distancing themselves from the musician. Although his family stands by him, his professional career is practically over. If found guilty on all charges, he faces a minimum of 15 years in prison, with the possibility of life behind bars.
Economic Times
25-05-2025
- Entertainment
- Economic Times
From private jet to 10-bedroom mansion, Sean 'Diddy' Combs may lose more than just his freedom if convicted
Agencies Sean 'Diddy' Combs Sean "Diddy" Combs may lose lot more than his freedom if convicted in the sex-crimes trial, according to a report of USA Today. According to prosecutors, Combs used his fame and fortune to create a deviant empire of exploitation, coercing women into abusive sex parties while silencing victims through blackmail and violence, including kidnapping, arson and beatings. Alongside the criminal case, prosecutors allege that Combs operated a racketeering enterprise spanning from 2008 to the present. As per the report, the three-time Grammy winner is battling a Justice Department forfeiture action that threatens to dismantle his multimillion-dollar in 2024, Forbes estimated Combs' net worth at $400 million, significantly less than 2019 estimation of $740 million. Here's what the rapper stands to lose if convicted. Real Estate As per the report of USA Today, Combs' most valuable property is a 17,000-square-foot, 10-bedroom mansion in Los Angeles' exclusive Holmby Hills, appraised at more than $61 million. The residence was raided earlier this year as part of the federal investigation and listed for sale in September 2024. He also owns a 9,600-square-foot estate in Toluca Lake, California. A $48 million waterfront mansion at 2 West Star Island in Miami, along with the adjacent property at 1 West Star August 2024, Combs paid off an $18.9 million mortgage on the Miami property to use it as collateral in a failed bid for bail, the report Jet Combs owns a Gulfstream G550 jet—nicknamed "LoveAir"—valued at over $25 million. He reportedly rents it out and is seeking to sell it to cover mounting legal costs. Bad Boy Records and Business Empire Bad Boy Records, the iconic label Combs founded in 1993, could also be subject to forfeiture. The label continues to earn from music royalties and publishing broader business holdings, under Combs Global (formerly Combs Enterprises), include: Bad Boy Entertainment Combs Wines and Spirits AQUAhydrate Revolt Media Sean John fashion and fragrances Capital Preparatory Charter Schools The Sean Combs Foundation His newer ventures include Empower Global, Our Fair Share, and Love Records, focusing on R&B. Art Collection Combs is believed to own an impressive collection of contemporary art. In 2018, he was revealed as the mystery buyer of Kerry James Marshall's acclaimed painting Past Times, which sold for $21.1 million. His collection reportedly includes works by Jean-Michel Basquiat and Keith Haring. Luxury Cars At one point, Combs owned a fleet of at least 20 high-end vehicles, including Rolls-Royce, Bentley, Ferrari, Lamborghini, and the ultra-luxurious Mercedes-Maybach.
Time of India
25-05-2025
- Entertainment
- Time of India
From private jet to 10-bedroom mansion, Sean 'Diddy' Combs may lose more than just his freedom if convicted
Sean "Diddy" Combs may lose lot more than his freedom if convicted in the sex-crimes trial , according to a report of USA Today. According to prosecutors, Combs used his fame and fortune to create a deviant empire of exploitation, coercing women into abusive sex parties while silencing victims through blackmail and violence, including kidnapping, arson and beatings. Alongside the criminal case, prosecutors allege that Combs operated a racketeering enterprise spanning from 2008 to the present. As per the report, the three-time Grammy winner is battling a Justice Department forfeiture action that threatens to dismantle his multimillion-dollar empire. Notably, in 2024, Forbes estimated Combs' net worth at $400 million, significantly less than 2019 estimation of $740 million. Here's what the rapper stands to lose if convicted. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Her body cannot endure this level of pain; please help her. Donate For Health Learn More Undo Real Estate As per the report of USA Today, Combs' most valuable property is a 17,000-square-foot, 10-bedroom mansion in Los Angeles' exclusive Holmby Hills, appraised at more than $61 million. The residence was raided earlier this year as part of the federal investigation and listed for sale in September 2024. He also owns a 9,600-square-foot estate in Toluca Lake, California. Live Events A $48 million waterfront mansion at 2 West Star Island in Miami, along with the adjacent property at 1 West Star Island. In August 2024, Combs paid off an $18.9 million mortgage on the Miami property to use it as collateral in a failed bid for bail, the report claimed. Private Jet Combs owns a Gulfstream G550 jet—nicknamed "LoveAir"—valued at over $25 million. He reportedly rents it out and is seeking to sell it to cover mounting legal costs. Bad Boy Records and Business Empire Bad Boy Records, the iconic label Combs founded in 1993, could also be subject to forfeiture. The label continues to earn from music royalties and publishing rights. Combs' broader business holdings, under Combs Global (formerly Combs Enterprises), include: Bad Boy Entertainment Combs Wines and Spirits AQUAhydrate Revolt Media Sean John fashion and fragrances Capital Preparatory Charter Schools The Sean Combs Foundation His newer ventures include Empower Global, Our Fair Share, and Love Records, focusing on R&B. Art Collection Combs is believed to own an impressive collection of contemporary art. In 2018, he was revealed as the mystery buyer of Kerry James Marshall's acclaimed painting Past Times, which sold for $21.1 million. His collection reportedly includes works by Jean-Michel Basquiat and Keith Haring. Luxury Cars At one point, Combs owned a fleet of at least 20 high-end vehicles, including Rolls-Royce, Bentley, Ferrari, Lamborghini, and the ultra-luxurious Mercedes-Maybach.
Yahoo
16-05-2025
- Yahoo
Sean 'Diddy' Combs' net worth, homes, plane and more assets: What we know
Sean "Diddy" Combs has a lot to lose as his sex-crimes trial continues. The embattled music mogul is facing potential life in prison if convicted on charges of sex trafficking, racketeering and transportation to engage in prostitution. He has pleaded not guilty. He is also fighting a Justice Department forfeiture action that could cost him much – if not most – of an empire that prosecutors allege he used as part of a criminal racketeering enterprise from 2008 to the present. His lawyers have hired as a consultant the former deputy chief of the Justice Department's Asset Forfeiture and Money Laundering Section, USA TODAY has learned. So what are Combs' assets, and what could be seized if he is convicted? In 2024, Forbes magazine estimated Combs' net worth at $400 million – a significant drop from its 2019 figure of $740 million. Both Combs and his team later claimed he was a billionaire, Forbes said, despite offering no documentation to back up the claim. Diddy on Trial newsletter: Step inside the courtroom with USA TODAY as Sean 'Diddy' Combs faces sex crimes and trafficking charges. Subscribe to the newsletter. According to publicly available documents and news reports, Combs' most valuable personal possession is likely his 17,000-square-foot, 10-bedroom mansion, appraised at more than $61 million, in the tony Holmby Hills section of Los Angeles. It was raided as part of a criminal probe and listed for sale last September. Sean 'Diddy' Combs could lose his freedom – and his vast empire of mansions, art and cars Combs also owns a 9,600-square-foot house in Toluca Lake just northwest of the Hollywood Sign. And he owns a $48 million mansion at 2 West Star Island in Miami and the adjacent property at 1 West Star Island. On Aug. 20, 2024, Combs paid off the $18.9 million mortgage so he could put up 2 West Star as collateral in his failed efforts to obtain bail and stay out of jail while awaiting trial, documents show. Combs owns a Gulfstream G550 jet valued at more than $25 million, known as LoveAir, which he rents out while also seeking a sale to help pay his enormous legal expenses. These Diddy family members have been in court amid his sex-crimes trial Also, potentially open to forfeiture: Combs' Bad Boy Records, which still generates money from recordings and music publishing rights since he launched the company in 1993. At its founding in 2013, Combs' parent company Combs Enterprises, later renamed Combs Global, included his New York City-based Bad Boy Entertainment, Combs Wines and Spirits, the AQUAhydrate water firm, Revolt Media, Sean John fashion and fragrances, Capital Preparatory Charter Schools and The Sean Combs Foundation. Cassie Ventura testimony: What the singer is saying about Diddy, Kid Cudi, Suge Knight Over the years, it expanded to include new business units and ventures such as Empower Global, Our Fair Share and Love Records, which focused on R&B. Combs is not known to own any 'Colossal-sized Picassos,' as he sings about in his hit song. But he is believed to have an extensive art collection, including works by Jean-Michel Basquiat and Keith Haring. Cassie Ventura reveals how much Diddy paid to settle her 2023 lawsuit In 2018, he was revealed as the mystery buyer of the renowned painting 'Past Times' by Kerry James Marshall for $21.1 million. At one time, Combs' fleet of at least 20 luxury cars included a Rolls-Royce, Bentley, Ferrari, Lamborghini and an ultra-luxury Mercedes known as a Maybach. Contributing: Brendan Morrow This article originally appeared on USA TODAY: Sean 'Diddy' Combs' net worth, homes, plane, more assets
