Judge approves termination of GM corporate jet leases

NEW YORK — A bankruptcy judge ruled today that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.

U.S. Judge Robert Gerber approved GM’s motion at a brief hearing — the automaker’s first since its initial court appearance on the day it filed for bankruptcy protection.

Robert Weiss, an attorney for GM, said the automaker currently leases seven aircraft, as well as hangar space at Detroit Metropolitan Wayne County Airport.

There were no objections to the motion.

The Detroit-based automaker was hit with a firestorm of negative publicity last year after it used a corporate jet to fly former CEO Rick Wagoner to Washington to ask Congress for billions of dollars in aid.

GM filed for bankruptcy protection on June 1. It plans to sell the bulk of its assets to a new company that the U.S. government would hold a controlling stake in.

A hearing on the proposed sale is scheduled for June 30.
Boston Herald

What would Government Motors want with little private jets, they have Air Force One now.