GM Sheds Crippling Corporate Image -- Its Fleet Of Jets
A bankruptcy judge today approved allowing General Motors to sever its leasing agreements for its seven corporate jets and the hangar space it leases in Detroit's airport.
You may recall how the automakers' jets became a symbol to some in Congress of Everything Wrong With Detroit's Big Three last November, when the then-heads of GM, Ford and Chrysler each flew in their own private jets to Washington to ask for taxpayer aid.
"There's a delicious irony in seeing private luxury jets flying into D.C. and people coming off of them with tin cups in their hand," colorful Rep. Gary Ackerman (D-N.Y.) said to the heads of GM, Ford and Chrysler at the time. "It's almost like seeing guys show up in the soup kitchen in high hat and tuxedo...Couldn’t you all have downgraded to first-class or at least jet-pooled together?"
GM said in December that it would close its corporate jet office on Jan. 1.
Posted by: Dermitt | June 19, 2009 10:55 AM | Report abuse
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