JCPenney To Sell Off Corporate Jets
JCPenney estimates the sale will reduce annual operating expenses by between $5 and $10 million.

JCPenney will sell its three corporate aircraft and associated engines and parts. The fleet consists of two Gulfstream G450s and one Gulfstream GIV-SP. JCPenney estimates the sale will reduce annual operating expenses by between $5 and $10 million. 


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