Flight Dept. CLOSED/CLOSING/SHRINKING?

[gret]

From the New York Times today-

On Wednesday, Starbucks said it would sell two of its three corporate jets, a Gulfstream 550 and a Gulfstream V, to save money.

 

[fob727]

I believe everything I read in the Times.

 

[semperfido]

Obama said it was going to get worse before it gets better.

 

[BoilerUP]

How many of these companies are announcing they'll sell their airplanes to appease shareholders and quell bad PR, but will continue to operate them until they sell...knowing full well that sale may not come for 6 or more months, well after this 'hot-button' issue has been long since forgotten?

 

[AbOvo]

I would say a majority of them are doing just that. It's part of the PITA of being a public company.

 

[Shag McNasty]

How many of these companies are announcing they'll sell their airplanes to appease shareholders and quell bad PR, but will continue to operate them until they sell...knowing full well that sale may not come for 6 or more months, well after this 'hot-button' issue has been long since forgotten?

These airplanes will be sold and they will not come back for a long time. It's the end of an era of greed and wasteful spending. It's only January, you'll see more downsizing in the months to come. Time to face reality.

 

[sleepy]

starbucks is only selling 1 plane...at least as of now.

I just read that they are selling 2 and keeping 1. I guess the press got it wrong.

 

[sleepy]

Who is buy all of these aircraft? Nobody is really selling aircraft because nobody is buying aircraft.

 

[Rick James]

These airplanes will be sold and they will not come back for a long time. It's the end of an era of greed and wasteful spending. It's only January, you'll see more downsizing in the months to come. Time to face reality.

I don't think the use of corporate aircraft always qualifies as "greed and wasteful spending". You're on the wrong forum if you want to spew that nonsense.

 

[cjdriver]

Nortel selling a F50 in Ottawa.

 

[Shag McNasty]

I don't think the use of corporate aircraft always qualifies as "greed and wasteful spending". You're on the wrong forum if you want to spew that nonsense.

From a personal standpoint I agree with you. But, if you think the average American views a corporate aircraft as a business tool then you're on the wrong planet. To a guy who's lost his job, his house and everything else he's worked hard for, he sees nothing wrong with CEO's flying American, Delta or United. That is the current reality we live in. May as well get used to it.

 

[PMVULB AvMgr]

Lehman Brothers 2-G4's, 1-F50, 1-S76
Merrill Lynch 1-GEX, 1 G4

Pepsi selling 1-F50

Lehman (or whoever is administering that debacle) is also still trying to sell the G-550 that was to deliver a few weeks after the company went down the sewer.

As far as I know, Pepsi's Falcon 50's were replaced by G-4's - to aid their Indian born Chairwoman ease the regular trips to/from India.

 

[Rick James]

From a personal standpoint I agree with you. But, if you think the average American views a corporate aircraft as a business tool then you're on the wrong planet. To a guy who's lost his job, his house and everything else he's worked hard for, he sees nothing wrong with CEO's flying American, Delta or United. That is the current reality we live in. May as well get used to it.

Agreed, perception is everything.

 

[siucavflight]

Lehman (or whoever is administering that debacle) is also still trying to sell the G-550 that was to deliver a few weeks after the company went down the sewer.

As far as I know, Pepsi's Falcon 50's were replaced by G-4's - to aid their Indian born Chairwoman ease the regular trips to/from India.

Pepsi had a Challenger 601, they just took delivery on a Global Express.

My company just informed me today that they are buying another G-550, chief pilot said that they got a price on it that was unbelievable, owner could not pass it up. I wonder who owned it?

 

[Shag McNasty]

My company just informed me today that they are buying another G-550, chief pilot said that they got a price on it that was unbelievable, owner could not pass it up. I wonder who owned it?

Not to sound harsh but if you're going to brag about your good fortune while others are suffering, maybe you should follow it up with where you work so someone here can get re-employed.