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Private jet taken from childcare mogul

Childcare mogul Eddy Groves’ financial empire is slowly collapsing as receivers recently seized his prized private jet.

Groves’ Cessna Citation 525 came with all sorts of amenities, including a refreshment bar.

Collectors from Insolvency & Turnaround Solutions were delegated to take the jet from EdAir Australia, according to reports.

“I haven’t been in it for 2 1/2 years,” said Groves about the six-seater jet. “It costs too much money to crank it back up again.”

Groves slowly lost grip of his financial empire as he fell to debt. And, just this month, he admitted that he can no longer afford luxury items.

Source: News.com.au