Readers may be interested to know Blackstone purchased 2 seaplane operators in 2013 for a total of USD98M. The 2 operators were combined into the one operator and tarted up by spending a further USD6M. Four years later Blackstone sold the operation to another private equity firm xxxx xxxxxxx for around USD500M, a 4.8 times return multiple on their investment. Who said there is no money in aviation. Welcome to the world of private equity, venture capital and Bob's Discount Furniture a major asset of Bain Capital.