Ford and GM to Sell Corporate Jets
ABC News— originators of “Jet-gate”– report that both Ford and GM have decided to sell their corporate aircraft. GM’s press release on the subject was uncharacteristically terse, and characteristically timed (released on the same day as November’s abysmal sales stats). “GM… is ceasing operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport. Due to significant cutbacks over the past months, GM travel volume no longer justifies a dedicated corporate aircraft operation.” So where does that leave The General’s transport? The automaker is “currently exploring options for transferring its aircraft to another operator” and “pursuing sale of four of the aircraft so it can terminate the leases. GM will shutter the facility at Metro Airport effective January 1, 2009. GM will work with the airport to seek a tenant for the balance of the lease, which expires in 2009.” Zero percent finance available? Meanwhile, Ford’s decision to sell four jets (Volvo thrown in) didn’t make its press site. But we can now reveal that GM CEO Rick Wagoner will be racing Alan Mulally’s Escape Hybrid to Washington in a Malibu hybrid. ChryCo’s CEO will also be driving to DC, but his exact mode of transport is a state secret, for security reasons.