Add JCPenney To Ranks Of Corporate Aircraft Cutbacks

Credit: G450: Ramey Logan
Faced with $4.1 billion in long-term debt, U.S. retail giant JCPenney plans to sell its fleet of three Gulfstream business jets and close its Dallas Love Field-based corporate flight department as it continues to cut expenses. The aircraft on the market include a 2001 Gulfstream IV-SP, a 2009...

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