Profitable Again, GM Returns To Using Private Planes

After the government bailed out General Motors, it forced GM to sell its fleet of private jets. Executives were forced to fly commercial. Now GM is profitable and preparing to sell shares again to the public, and The New York Times reports that the company has once again started to use private planes.

Copyright © 2010 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

RENEE MONTAGNE, host:

And today's last word in business is General Motors ready for takeoff.

After the government bailed out the car company, it forced GM to sell its fleet of private jets. Executives were required to fly commercial. Now, GM is profitable, and preparing to sell shares again to the public. And the New York Times reports that the company has once again started to use private planes.

But for now, the charter jets are only for executives on the road show that's promoting the company's stock to potential investors.

And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, host:

And I'm Steve Inskeep.

Copyright © 2010 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Correction Nov. 4, 2010

An earlier version of this story suggested that GM required government approval to resume use of private planes. That was incorrect.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: