Posted on 27/03/08
Selling the jet to save the firm
MONTREAL -- Top executives at Quebecor World Inc. may soon be saying goodbye to that ultimate status symbol of the business world: the corporate jet.The Montreal-based printing giant has filed a motion in U.S. bankruptcy court to exercise an option allowing it to terminate its lease on a 10-passenger Challenger 604, buy it and then turn around and sell it for a quick profit.
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