Automotive icon getting out of corporate aviation

12/3/2008 | Detroit Free Press

GM executives may be flying commercial after the beleaguered car maker announced yesterday it was selling its fleet of corporate jets. "Due to significant cutbacks over the past months," the company said in a statement, "GM travel volume no longer justifies a dedicated corporate aircraft operation." After it sells four aircraft, GM plans to end its $40,000-a-month lease at Detroit Metro Airport.

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