GM gets OK to nix corporate jet leases
June 21st, 2009
A U.S. bankruptcy court Thursday granted a motion by automaker General Motors Corp. to reject aircraft leases on seven corporate jets.
The leases are from a division of General Electric (GE, Fortune 500), according to a copy of the court order.
U.S. Bankruptcy Judge Robert Gerber in Manhattan granted the motion during a hearing on Thursday that lasted less than 10 minutes pay day loan.
General Motors filed for bankruptcy on June 1 and is aiming to emerge as a new company within a few months.
Filed under: technology by TheDoor