News and Notices

A recent Forbes editorial by Joann Muller hardly painted a rosy picture for Business aviation. The article, titled Smelling Freedom, GM Better Not Get A Corporate Jet For Christmas was centered on GM. The US treasury had just announced plans to sell 200 million shares back to GM and its intentions to divest the remaining amount within the next 12-15 months. In her editorial, Joann said, “if GM goes out tomorrow and buys a jet for its executives, shareholders might as well dump their stocks now because it means all the progress the company has made over the past three and a half years has been wasted.” This led many, especially those outside the industry to wonder about the benefits of having a corporate plane.