Monday, February 23, 2009

Obama - bail-out companies must justify perks and jets

"Companies receiving federal aid are going to have to disclose publicly all the perks and luxuries bestowed upon senior executives, and provide an explanation to the taxpayers and to shareholders as to why these expenses are justified." While flight departments were not specifically cited, they seem unlikely to escape this scrutiny.

NBAA President Ed Bolen countered : "Instead of discouraging companies from accepting and using business airplanes or any other strategic business asset, policymakers should be looking for ways to increase general aviation manufacturing jobs, promote economic development in communities without commercial airline service, and facilitate productivity and efficiency at companies trying to do more with less."


  1. This makes about as much sense as telling companies that they can't use their expensive copy/print machines and have to go back to less effiecient (but less prestigious and therefore more virtuous) kind!

  2. well interesting topic raised.common more views needed.for more info regarding this please refer to our Aircraft and Aviation Suppliers network also