Dec. 4, 2008
Auto Execs May Be Hurting Private Jet Business
Lately, though, the use of corporate jets has been highly criticized. The Big Three executives have become poster children for excess, riding in private jets to their first hearings. Watching General Motor's 6-foot-4-inch Rick Wagoner get out of the hybrid car was a picture of humility.
So what happens now to the private jet business? Will governors and other politicians have to ditch their flight plans for the time being until flying seems less excessive to taxpayers?
Time magazine makes the argument that maybe we have all of this wrong. Maybe people who run huge businesses and governments should not be sitting around at airplane gates hoping planes will leave and arrive on time. Consider this:
A commentary piece in the Hartford Courant offers some additional ideas about why flying commercial is not a great option for high-level execs:
Also, every major corporation I know has policies prohibiting certain senior executives from flying together, guarding against catastrophic loss to the corporation in the event of an accident. Asking three top executives from the auto industry, even from different companies, to fly together would violate the very appropriate caution imposed by this policy. Further, corporate aviation is not a royal barge, it is a time machine.