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.