Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Flying the Not-So-Friendly Skies: Chrysler asks court to cancel corporate jet leases]]>http://www.autoblog.com/2009/05/14/flying-the-not-so-friendly-skies-chrysler-asks-court-to-cancel/http://www.autoblog.com/2009/05/14/flying-the-not-so-friendly-skies-chrysler-asks-court-to-cancel/http://www.autoblog.com/2009/05/14/flying-the-not-so-friendly-skies-chrysler-asks-court-to-cancel/#commentsFiled under: , , ,



Late last year, Rick Wagoner, Bob Nardelli and Alan Mulally each climbed aboard their own company-provided private jets in lieu of commercial flight - or, alternatively, one of their company's own vehicles - to go before Congress and ask for a bailout. In the public eye, at least, that move was - to put it mildly - a mistake.

At least one chapter of the so-called JetGate scandal now appears set to come to a close. Chrysler has reportedly asked its bankruptcy judge to terminate the leases the automaker holds on its $38 million Gulfstream 450 and $55 million Gulfstream 550. Chrysler first leased the jets back in 2007 and subsequently took delivery on January 1, 2008.

A hearing on the issue has been set for June 3, but we wouldn't expect there to be any real holdup. After all, the debtor-in-possession financing that Chrysler received from the U.S. and Canadian governments stipulated that the automaker would give up all corporate aircraft.

[Source: Detroit News | Image: Gulfstream]

Flying the Not-So-Friendly Skies: Chrysler asks court to cancel corporate jet leases originally appeared on Autoblog on Thu, 14 May 2009 11:27:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chryslerchrysler corporate aircraftchrysler private jetsChryslerCorporateAircraftChryslerPrivateJetscompany jetCompanyJetgulfstreamjetgateprivate jetprivate jetsPrivateJetPrivateJetsThu, 14 May 2009 11:27:00 EST http://www.autoblog.com/feed/1544929/article-comments.xml http://www.autoblog.com/feed/2009/05/14/flying-the-not-so-friendly-skies-chrysler-asks-court-to-cancel/1544929/article-detail.xml 1544929 http://www.blogcdn.com/www.autoblog.com/media/2009/05/gulfstream_g550_thumbnail.jpg http://www.blogcdn.com/www.autoblog.com/media/2009/05/gulfstream_g550.jpg -1 2