Since the economic bust a year and a half ago focused attention on the use of company jets, big corporations’ use of the aircraft has both risen and fallen. Julie Johnsson and Wailin Wong, writing for the Chicago Tribune [payment required] detail the current strategies of several large companies, including Motorola Inc, Sears Holding Corp, McDonald’s Corp, Kraft, Boeing, and Abbott Laboratories.
Motorola spent less on personal aircraft use by its co-CEOs in 2009, while Sears sold its corporate aircraft in 2009. Conversely, McDonald’s had strict limits on jet use even before the meltdown. Both Boeing and Kraft increased spending on corporate jets; Kraft’s costs tripled while:
“Among executives at Chicago’s 10 largest companies, Boeing CEO Jim McNerney had the highest cost for personal use of the company aircraft in 2009: $436,478, up 52 percent from 2008 levels, SEC filings show.”
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