GM to reduce corporate jet fleet to show they need $25 billion

Looking to purchase a used private jet at a good price? General Motors is selling not one but two of its corporate private jets. After grounding two of its seven leased jets in Sept., GM is now getting rid of two more according to GM spokesman Tom Wilkinson.

It all started when the Big 3 CEOs flew to Washington last week to lobby Congress for $25 billion to save their companies from bankruptcy. Sounds pretty crazy right? We were actually thinking last week that Wagoner, Mulally and Nardelli should fly coach just to show that they are penny pinching and here they are flying from Detroit to Washington in private jets.

Either way, politicians in Washington were basically baffled by the idea. “There’s a delicious irony in seeing private luxury jets flying in to Washington, D.C., and people coming off of them with tin cups in their hands saying that they’re going to be trimming down and streamlining their businesses,” said New York Democrat Gary Ackerman during┬áthe House hearing. “It’s almost like seeing a guy show up at the soup kitchen in high hat and tuxedo.”

According to Automotive News who spoke with Wilkinson, GM will now keep three corporate jets.