Friday, July 13, 2012

Layoffs Watch ’12: Bank Of America




Bank of America    Corp. has sold half of its corporate jet fleet and laid off some of its pilots, the Charlotte Business Journal has learned.

Charlotte-based BofA recently sold three of its corporate aircraft, according to Federal Aviation Administration    records. One of the buyers is Charlotte-based Hendrick Motorsports    Inc., which purchased a Gulfstream G550 jet from BofA in May. It’s one of seven planes the racing team owns. Two other BofA planes, both Falcon 2000s, were sold to New Jersey-based Leading Aviation Solutions, an aircraft broker that serves Fortune 100 companies.

BofA also has laid off more than half a ...

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