GM Shrinks Fleet of Corporate Jets

Automaker, pilloried on Capitol Hill, is retiring two of five planes
By Wesley Oliver,  Newser Staff
Posted Nov 21, 2008 1:38 PM CST
General Motors CEO Richard Wagoner testifies on Capitol Hill in Washington; lawmakers blasted Detroti execs for traveling on corporate jets to the hearing at which they asked for a federal bailout.   (AP Photo)
camera-icon View 1 more image

(Newser) – After facing turbulence on Capitol Hill over its corporate jets, General Motors is cutting two aircraft from the ranks, the Detroit News reports. “This is strictly the result of drastic cutbacks in travel around the globe,” said a spokesman. The automaker, which began this year with seven jets, also turned in two in September. GM spent $256,793 on flight costs for its top execs last year.