General Motors finally has found things to sell that are harder to get rid of than its cars: its corporate jets. In a thinly-veiled attempt at wooing Congress and smoothing the public relations disaster from the last Congressional appearance, GM just announced that it is ending its aviation program:
GM Ceasing Corporate Aviation Operations
DETROIT — GM today announced that it is ceasing operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport.
Due to significant cutbacks over the past months, GM travel volume no longer justifies a dedicated corporate aircraft operation.
GM is currently exploring options for transferring its aircraft to another operator. The company is pursuing sale of four of the aircraft so it can terminate the leases.
GM will shutter the facility at Metro Airport effective January 1, 2009. GM will work with the airport to seek a tenant for the balance of the lease, which expires in 2009.
I wonder if any of us can get factory-to-dealer incentives on these planes…Zero down, zero percent financing maybe? In any event, while GM will lose its shirt selling the planes, it probably won’t lose more money than it has selling its own vehicles through dealers.