General Motors Bails On Private Planes

June 19, 2009

Yesterday GM went O.G. on GE by ripping up seven leases for corporate jets--and in less than ten minutes of gavel time. That means (a) all those bankruptcy lawyers were able to make lunch at Cipriani with time to spare, and (b) we know how Fritz Henderson won't be getting to D.C. next time he goes a-groveling.


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