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The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
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- Private jets set
HIGH-FLYERS. Private equity firm Blackstone is betting that plutocrats will be back in the air before the rest of us. Shares in London-listed Signature Aviation – which provides fuelling and ground services to private jets and charter flights – jumped by 40% on Thursday after it revealed Steve Schwarzman’s firm made a $4.3 billion cash takeover offer. A proposal from a rival investment fund, Global Infrastructure Partners, was rejected.