The New Mexico state jet, or as Gov. Susana Martinez called it “the ultimate symbol of waste and excess,” was sold Thursday for $2.5 million to a retired couple from Anchorage.
Martinez announced the sale at a press conference:
Martinez presented keys to the aircraft to the new owners, a retired couple from Anchorage, Alaska, at a ceremony at Santa Fe’s municipal airport.
“Last year when I was running for governor, I not only promised taxpayers that I would not use this state jet as a personal air taxi, I promised New Mexicans across the state that I would get rid of this symbol of greed and excess in state government. And today, I make good on that promise,” Martinez said.
The new owners, Richard and Linda Felland, stood next to the governor at the airport news conference — the jet as a backdrop with a large “SOLD” sign affixed to it.
“I hear it is a sweet ride but I will just have to take their word for it,” Martinez said.
The state did, however, take a loss on the plane, thanks to the recession. The Richardson administration bought it for $5.5 million in 2005. The administration was asking about $600,000 less than other Cessna Citation Bravos for sale, but the state jet had flown more miles.
The state will save about $500,000 a year on maintenance and fuel. The broker will get a commission for two percent of the sales price, or $50,200.