GM Ceases Flights
GM decided that “due to significant cutbacks over the past months, GM travel volume no longer justifies a dedicated corporate aircraft operation.” So after days of thinking, they've conceded the fact that they have to cease the operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport.
The automotive giant is trying to sell or transfer the jets to another operator. The company is putting on sale four of its aircrafts to terminate the lease.
This decision was taken by General Motors after president-elect Barack Obama said that he needs concrete plans if any carmaker is going to get any loans from the government and after the three Detroit giants were slated because of flying at a Washington meeting, each with its own private jet.
At the meeting, Rep. Brad Sherman, D-California, pressed the issue asking the three Directors to "raise their hand if they flew here commercial. Let the record show, no hands went up". "Second, I'm going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up."
A private jet flight can cost around $20,000 versus a $500 flight if we are talking about commercial.