The Corner

RE: House Spends $200 Million on Private Jets

A reader makes the following observation:

It’s also somewhat telling that they are ordering 3 brand news G550’s at a time when the private jet market is literally swimming in deeply discounted, pre-owned corporate jets.

It is estimated that 20% of the global private jet fleet is currently for sale and prices for pre-owned aircraft have tumbled 40-60% based on the model specifics.

Maybe instead of appropriating money they don’t have to buy brand new jets, Congress should offer to buy the corporate jets that GM and Citibank put on the market?

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