Thursday, January 29, 2009

Howdy! I'm Cal Worthington and this is my dog Spot…

posted by Bill Arnett @ 9:51 AM Permalink

…and if you're lookin' for a quality used jet all ya'll gotta do is just come on down and see me, Cal Worthington. Why I was just reading that the market for both used jets and new jets corporations can't afford to pay for now has blown wide open, so this is gonna be the chance of a lifetime to buy that jet you've always had your eye own and at these low, low prices you can get that second jet for the wife!

Too good to be true? Take a gander at at this!:
After enjoying a long run as an enviable perk of corporate America — justified to shareholders as time- and money-savers for globe-trotting executives — they are rapidly becoming symbols of high-flying excess.

Congress, in particular, is frowning upon companies that ask for taxpayer bailouts while still enjoying the comfort of their private planes or placing orders for a new one.
Still not a believer?:
Detroit automakers learned that lesson late last year, and announced they would sell their fleets after being questioned in Congressional hearings. Now Citigroup has said it would not take delivery of a $42 million Dassault Falcon 7X jet that it had planned to buy.

“It’s getting to be a black eye to own a corporate jet,” said Paul Nisbet, an aviation analyst with JSA Research. With so many companies deciding to sell their planes — both for cost-cutting reasons and to avoid public relations headaches — the used-jet market is being flooded with inventory, and the prices of private jets are falling faster than the value of McMansions. On Wednesday, Starbucks said it would sell two of its three corporate jets, a Gulfstream 550 and a Gulfstream V, to save money.

“A year ago, there would be 30 people looking for one airplane,” said Jay Mesinger, a corporate jet broker, who said that prices had fallen 30 to 40 percent since late 2007. “Today there are 30 airplanes looking for one buyer.“
Still not a believer yet?:
“After the automakers came to Washington and after the Citibank silliness, there’s been a rush to get out of these airplanes,” said Clark Onstad, president of Solutions 4 VIP, a Denver company that outfits large corporate jets. “Price is not an issue. They are selling for image purposes, and the operation of a jet is a small overall cost in relation to a company’s image. So they are saying, ‘dump.’ ”
So if you want a first-rate airplane or just need to take a 'dump,' c'mon down to fast jet town and ask for Cal Worthington – or my dog Spot!

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