Annual accounts reveal significant increase in aircraft expenses

  • Mike Ashley increased spend on his private jet and helicopter
  • Annual accounts reveal the increase from £1.5m to £2.6m
  • Frasers Group purchased a Dassault Falcon 7X jet for £40.4m
  • The jet has been used for trips to Mallorca, Dubai, Miami, and Kuala Lumpur
  • Frasers also owns an AW109 GrandNew helicopter for executive trips
  • Mike Ashley settled his legal battle with Morgan Stanley

Mike Ashley has significantly increased his spending on his private jet and helicopter, according to annual accounts for his business Mash Holdings. The accounts show that Ashley’s spend on his aircraft rose from £1.5m to £2.6m for the year ended 30 April. Frasers Group, which owns Mash Holdings, purchased a Dassault Falcon 7X jet for £40.4m in 2016. The jet has been used for trips to various destinations, including Mallorca, Dubai, Miami, and Kuala Lumpur. Frasers also owns an AW109 GrandNew helicopter for executive trips, which has been used for travel across London, Redhill, Coventry, and Grimsby. This news comes after Ashley settled his legal battle with Morgan Stanley, which had threatened to destabilize his empire.

Factuality Level: 8
Factuality Justification: The article provides specific details about Mike Ashley’s increased spend on his private jet and helicopter, including the amounts spent and the destinations traveled. The information is based on annual accounts for his business Mash Holdings and reports from reputable sources like The Times. There are no obvious signs of bias, sensationalism, or misleading information in the article.
Noise Level: 2
Noise Justification: The article focuses on the increased spending of Mike Ashley on his private jet and helicopter, providing specific details such as the amount spent, destinations traveled, and recent legal settlement. It stays on topic without diving into unrelated territories. However, the relevance of this information to the general public or broader implications is limited, hence the lower noise level rating.
Financial Relevance: Yes
Financial Markets Impacted: The article does not provide any information on events that impact financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article primarily focuses on Mike Ashley’s increased spending on his private jet and helicopter. It does not mention any events that impact financial markets or companies, and there is no mention of an extreme event.

Reported publicly: www.retailgazette.co.uk