Petrofac spends £1m on private jet for executives Petrofac's annual report showed that the company spent $1.52m (£1m) "chartering the services of an aeroplane used for the transport of senior management and Directors of the Group on company business," and another $189,000 on "client entertainment" provided by one key executive's own businesses. The jet is owned by an offshore trust of which Petrofac chief Ayman Asfair is a beneficiary, and last year's spend compares with a $1.4m outlay in the previous year and $180,000 on client entertainment. Pirc, the influential pension fund group, urged shareholders last year to oppose the annual report, citing discosures about the jet. "On occasion Petrofac also uses a business owned by a member of Petrofac's senior management team as part of its entertainment programme for key customers at rates which are extremely competitive," the spokesmand said. Petrofac is not the only FTSE 100 company to use private jets to fly executives around the world. Tesco, Britain's biggest supermarket, spent £9m in the year to February 2012 on private jets. Analysis of the accounts for Kansas Transportation, a jet leasing business Tesco set up in 2005, shows the supermarket has spent £28.9m on private jets over the past seven years. At the time, a Tesco spokesman said that private aircraft were used "to help our executives make the most efficient use of their time as they travel in and between our markets."