Bank Of America To Sell Off Jets
Bank of America has become the latest company to put its jets on the market. The Financial Times says that the beleaguered bank is selling three corporate jets plus a helicopter it got when it picked up Merrill Lynch. A New York City corporate apartment belonging to Bank of America may also be for sale. The bank's stock share prices have dipped to new lows amid questions of whether it might require more government cash to stay afloat. Bank of America is said to have nine corporate jets including four Gulfstreams registered to it as of December and the Merrill Lynch acquisition also brought along a Bombardier Global Express jet which is not up for sale.The news follows the fact that both Citigroup and Starbucks have put planes on the market recently. As I've said before, if you are in the market for a used private plane now is the time to start shopping.
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Reader Comments (Page 1 of 1)
Berkeley Babe Feb 13th 2009 4:19PM
The big question is why our tax payers dollars are funding the continued use of these jets. But selling them these days is not going to gain much except possibly some fake PR like this.
Who is going to follow the story, meanwhile they are still using the jets.
Do you honestly think these planes are really going to be sold, I have some swamp land in New Orleans to sell you.
Oh, I get it, the elite CEO's can not possibly wait for a commercial airline seat, they are in such an important hurry to get to Aspen or the Vineyard or Palm Beach on a "business trip"
These CEO's and big wigs, NEVER spend their own over inflated salaries on a thing, from jets, to $400 haircut trims, to dinners at the Palm, it is "always business" and a corporate tax deduction.
Private jets and all the expense involved in the up keep helped get these companies into the red ink, and now we the normal middle class have to see our tax dollars go to them while we can NOT even afford to fly on a plane, we are the suckers still!