[DGthe3]

Originally Posted by TAG UR IT

I'd bet that had Wagoner flew coach to the Congressional meeting, none of that would have been brought up for GM...and they might still have their two jets.

Regardless, good move by GM. Not necessarily a move that is going to save the company entirely. But, a PR move that was necessary. CNN is making a big deal out of it. I think they need to make a big deal out of how much it is going to save GM.

Now....my question... CNN said "GM sold two of it's corporate LEASED jets." GM is "leasing" their jets??? UHhhhhmmmm....ok? Why would you lease a jet when it could simply be purchased... I honestly don't know the answer to that question. I think it would simply save them more money in the long run by purchasing them out right than by leasing them. Then, when congress asked about the jets, I'd reply..."Yes. I flew here on a GM private jet which was paid for, in full, over 8 years ago. This trip technically only cost xxxx dollars."...instead of 20,000 dollars. IMHO, big difference.

I assume its the same reason why people lease cars.