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Corporate Jets

Ten Examples of Welfare for the Rich and Corporations

Bill Quigley | Posted 03.16.2014 | Politics
Bill Quigley

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

Company To Curb Controversial CEO's Use Of Private Jet

AP | Posted 01.08.2013 | Business

OKLAHOMA CITY -- Chesapeake Energy Corp. disclosed Monday that CEO Aubrey McClendon will not take a bonus for last year and that the company is limiti...

Amanda Terkel

GOP Lawmakers Short On Specifics About Tax Loopholes To Close

HuffingtonPost.com | Amanda Terkel | Posted 10.04.2012 | Politics

DENVER -- Mitt Romney refuses to identify which tax deductions and loopholes he would close in order to pay for the tax cuts he would push as presiden...

Amanda Terkel

Aviation Industry Holds Rally For Corporate Jets

HuffingtonPost.com | Amanda Terkel | Posted 10.17.2011 | Politics

WASHINGTON -- The corporate jet industry and the people who love it have it tough these days, with Democrats pushing to roll back tax breaks for peopl...

BARR Battle: Corporate Jet Privacy Threatened by Obama Administration

Corbin Hiar | Posted 09.14.2011 | Business
Corbin Hiar

In a move opposed by some traditional allies, the administration is planning to restrict access to a little known program that allows private jets to fly beyond the reach of public scrutiny.

Obama's Ultimatum: What the President Should Say to America, and Republicans

Sally Kohn | Posted 09.10.2011 | Politics
Sally Kohn

As President of the United States of America, I have put the economic needs of our entire nation ahead of the political agenda of my party.  At times of great urgency, that is what great leaders do.

GOP Willing to Create Economic Catastrophe to Protect Tax Loopholes for CEO's Who Fly Corporate Jets

Robert Creamer | Posted 08.26.2011 | Politics
Robert Creamer

Last week Eric Cantor signaled that the GOP will demand enormous sacrifices from ordinary Americans, but nothing from the top paid CEOs. And if they don't get what they want, the Republicans are threatening to pull the pin and blow up the entire economy.

Private Jet Manufacturer May Land In Montrose

The Watch | Beverly Corbell | Posted 05.25.2011 | Denver

MONTROSE -- A manufacturing plant that builds corporate jets may soon locate to Montrose, if it wins out against another rival city. County Manager...

Bank Execs Take Corporate Jets To World Economic Forum In Davos

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Amid public furor over giant Wall Street bonuses and lingering anger over the trillion-dollar bailout of financial firms, a number of prominent banker...

FEC Reverses Lawmakers' Self-Restriction On Corporate Jets; Senate "Should Be Furious": NYT Editorial

The New York Times | Posted 05.25.2011 | Politics

The Federal Election Commission -- the supposed referee of fair campaigning -- has just created an ethics loophole big enough for lobbyists to fly a c...

Congress Orders Private Jets For Lawmakers' Travel

Wall Street Journal | Posted 05.25.2011 | Politics

Congress plans to spend $550 million to buy eight jets, a substantial upgrade to the fleet used by federal officials at a time when lawmakers have cri...

Corporate Jets and Executive Compensation May Not Be All Bad -- A Media House Cleaning

Brian Ross | Posted 05.25.2011 | Media
Brian Ross

Even if Average Joe is not a wonk, surely we can tell the story in a way that presents the facts more completely, instead of the smoke-and-mirrors scandals of this airplane or that deal.

Bailed Out JPMorgan Buying Private Jets, Airport Hangar

ABC News | Brian Ross, Joseph Rhee and Megan Chuchmach | Posted 05.25.2011 | Business

Embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jet...

Drinking Good for Depression? The Possible Repeal of Religious Repression

Warren Holstein | Posted 05.25.2011 | Comedy
Warren Holstein

Following in the footsteps of Franklin Roosevelt, many states are now advocating an end to what many boozers and businessmen alike deem antiquated puritanical pap. The Christian Right is not amused.

Demand For Business Planes Falls For First Time In 5 Years

AP | David Koenig | Posted 05.25.2011 | Business

DALLAS (AP) -- Battered by recession and bad publicity, sales of general-aviation aircraft favored by businesses fell last year for the first time i...

The Show Must Go On At Fashion Week, Despite the Economy

Vicky Ward | Posted 05.25.2011 | Style
Vicky Ward

Fashion week is an apt metaphor for what we are all doing -- getting on with our lives, still enjoying the "pick-me-ups" like lunches or dinners with friends, but in a different way from before.

BofA To Sell Gulfstreams, Luxury Apartment

NBC | Charlie Gasparino | Posted 05.25.2011 | Business

Bank of America, reacting to the recent controversy over executive perks, plans to sell three of its seven corporate jets, sources inside the bank tel...

Citi Jet Purchase: $50 Million, 12-Seat Plane Despite $45 Billion Bailout

Huffington Post | Danny Shea | Posted 05.25.2011 | Business

The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout fu...

Obama Officials Tell Citibank To Ditch Plans For $50 Million Private Jet

ABC/Huffington Post | Katharine Zaleski | Posted 05.25.2011 | Business

According to a report from ABC News, President Obama is not taking kindly to corporate greed, especially when it's funded by taxpayer money. Read more...

Toyota Projects First-Ever Annual Loss; Congress Disses Detroit

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.

Time: Why CEOs, Including The Big Three, Should Fly Private

Time | Bill Saporito | Posted 05.25.2011 | Business

When the heads of the Detroit Three auto companies return to Washington this week to testify before Congress about their restructuring plans, they won...

GM, Ford Will Sell Corporate Jet Fleets

ABC News | http://www.huffingtonpost.com/2008/12/01/christopher-hitchens-batt_n_147598.html | Posted 05.25.2011 | Business

Ford and General Motors will sell their fleet of corporate luxury jets, the two struggling auto companies announced today. The move comes two weeks a...

Loss Of Corporate Jet Made It Too Hard To Get To Corporate Fishing Camp

Footnoted | Michelle Leder | Posted 05.25.2011 | Business

Every now and then, we come across something in a filing that just makes us slap our head and say, "What the heck were they thinking?". And that's exa...

GM CEO To Continue Flying Private, Company Will Downsize Jet Fleet

abcnews.go.com | Posted 05.25.2011 | Business

From ABC News: General Motors said today that it is putting two of its five corporate jets out of service because the planes are not being used enoug...

What to do with Detroit?

Dave Winer | Posted 05.25.2011 | Business
Dave Winer

We're giving Detroit money we don't have to feed and house their employees and bail out their suppliers. We're doing it to save our country, not to save the auto industry as it's currently configured.