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Private aviation firms suffer, time for a pity party

Here's one that people are also trying to blame on executives at the Big Three automakers -- the private aviation industry is hurting. Can you hear the violins starting?

Reportedly, corporate "giants ranging from Bank of America to Time Warner are grounding planes," thanks to the faltering economy and public outcry.

How can this be traced back to the automakers? The public outrage really started when the CEOs of the automakers eschewed a more economical style of transport for the lush trappings of their private jets when they were headed to Capitol Hill.

Continue reading Private aviation firms suffer, time for a pity party

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Last updated: May 27, 2012: 10:21 AM

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