Bank of Amerillwide Grounded

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All US Airways All The Time!

''As part of an ongoing cost reduction effort we have been scaling back on our use of corporate aircraft including selling three aircraft we own and the Merrill Lynch helicopter,'' Bank of America spokesman Scott Silvestri said.
Bank of America is the owner of nine planes, including four Gulfstreams, FAA records show. The company acquired brokerage Merrill Lynch & Co. in January.
Chief Executive Ken Lewis is required to use company aircraft for personal trips. In 2007, his personal use of company jets totaled $127,643, according to a March 2008 filing with the Securities and Exchange Commission.

Separately, Charlie Gasparino reports that Ken Lewis will be stripped of his love shack in the Time Warner Center.
BofA to Sell 3 Corporate Jets, Merrill Helicopter [AP]

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