true true 0 Last Thursday, General Motors sought approval from a federal bankruptcy judge to terminate the leases for all seven of its corporate jets, along with a deluxe hangar in Detroit airport. Tom Wilkinson, a spokesman for GM, sen out a release stating, “The new GM will have no jets - we're all flying Delta.” Former GM chief executive Richard Wagoner Jr. was criticized by lawmakers at a hearing last November when he and other company executives flew to Washington via private jets to ask for a government rescue package. Last March, Wagoner was pushed out by the Obama administration, which has pumped billions of dollars to GM. GM claims that private aircrafts are no longer valuable to its business activities. In addition, Detroit auto manufacturers Chrysler and Ford are also seeking to jettison jets. Chrysler recently terminated two aircraft leases. On the other hand, Ford - the only Big Three auto maker who has not yet asked for a government loan said it plans to put its five private jets, which have been grounded since last year, on sale in the coming months. 2009-06-22T04:25:05Z 0 true 2612 false false 2009-06-22T12:40:00Z true true gm-ends-lease-on-fleet-of-private-jets false 0

Article 2009-06-22T04:25:05Z 1194 88