Grounded: GM cancels all corporate jet service
 

Filed under: Government/Legal, GM

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General Motors has an early New Years Resolution: to be more fiscally responsible when it comes to corporate travel. With six short, direct sentences (see official press release after the jump), GM has declared that its Corporate Aviation Operations are to be shuttered. It might not seem like a big deal on the surface, but there are apparently numerous contractual agreements that need to be reworked to make this a reality. First, the jets themselves need to be returned, sold or transferred to another operator. Next, after January 1st when The General pulls out, the leased facility and grounds at Detroit Metro Airport will be emptied and GM will work with airport officials to find another tenant.

Although GM suggests that the termination of its Aviation Operations is because its travel volume no longer requires its own dedicated corporate service, we're pretty sure that the ribbing Wagoner and his peers took at the hands of Congress over private jet flight had plenty to do with the decision. Expect the announcement to be part of GM's Congress-bound business plan when it's officially announced this week.

[Source: GM]Continue reading Grounded: GM cancels all corporate jet service

Grounded: GM cancels all corporate jet service originally appeared on Autoblog on Tue, 02 Dec 2008 14:29:00 EST. Please see our terms for use of feeds.



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