Sunday, August 24, 2008

Does Gannett still keep any corporate jets?

This was the company's 1998 Dassault Falcon 2000, in a photo taken April 8, 2006, at Hartsfield International Airport in Atlanta, according to (The tail number is N200GN.)

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[Thanks to a reader, for passing this along!]



  2. The FAA Database still shows this particular aircraft under registration by Gannett & Co., however I know in previous years they had at one point as many as three jets...

  3. They have to keep it because they promised McCorkindale he could fly around in it in his golden years. This from a 2007 Forbes article about corporate fat cat retirement compensation:

    Gannett (nyse: GCI - news - people ): Former chief exec Douglas McCorkindale got, for life, life insurance, travel accident insurance, executive health insurance, legal and financial counseling services, a home security system allowance, an automobile purchase or monthly allowance, and an allowance for club membership fees. "In addition, the company will provide Mr. McCorkindale substantially similar post-retirement benefits for the remainder of his life as well as ownership of the computer and other home office equipment used at the time of retirement, use of company aircraft, and reasonable access to Gannett offices and facilities."

  4. we peons were promised that we'd get our pensions or lump sums at retirement (now they're frozen), and some of our retirees were told they'd have health care benefits for life (now those have been taken away).

    hey, gannett directors: why is it ok to break promises to us but keep them for the fat cats who can afford to pay their own way?

  5. to 5:09pm

    We "peon" only exist to to pad the pockets of the Corporate Upper Crust. So what if we have to have full time second jobs, the wife needs to work full time, just to pay the increased cost of living?

    Those are the perks of working your small towm local staffs' to to the bone. They are too dang tired to fight back.

  6. People who track n numbers for a hobby have placed this sleek baby in Europe a few times.

  7. That why we are peon, so the suits can pee on us.

  8. I hope every last one of you keep this corporate greed in mind as you head to the polls this November. This may represent your one opportunity to exact revenge against these robber barons.

  9. and how is that 6:53? Corporations have their hand in every politician's pocket. Name me one with proof otherwise and they have my vote, especially if they won't raise taxes.

  10. The planes are gone. They were sold about a year ago.

    Steamer- Leave politics off this blog.

  11. I am a former Gannettoid. I am not, nor was I ever an executive or in management of any sort. I did work at corporate and have knowledge of the flight department. I'll leave it at that

    Up until Craig became CEO, Gannett had three corporate aircraft. A King-Air twin prop, a Gulfstream 4, and the aforementioned Falcon.

    After Craig took over, Gannett sold the King-Air, the Gulfstream, and the hangar. They are now leasing space back for the remaining aircraft.

    Anon 4:57:
    They do NOT have to keep it because of Doug M. It says he can use the company aircraft, not that the company has to have aircraft.

    All that being said - it can actually be less expensive to the company to use a company plane instead of flying commercial.

  12. 7:44 PM
    Thanks for offering that information. Just wondering, do you know what happened to the aircraft staff? Any of them still working?

  13. The corporate flight staff probably got golden parachutes.

  14. "I hope every last one of you keep this corporate greed in mind as you head to the polls this November. This may represent your one opportunity to exact revenge against these robber barons."

    corporations as we know them today are beyond the control of any democracy.

    what exactly did you have in mind? neither presidential candidate, congress man, or anyone local politician will have any say in what dubow and Co. continue to do with gannett. its all about money, theres no guilt, accountability, purpose, or reason really, other than the bottom line.

    gannett, just like any corporation, only cares about money, just like we do. we only work for gannett because we need money, otherwise this blog wouldn't exist.

    you could say you like being a journalist, but if you didn't need money, i doubt you'd be reporting for gannett just for fun... there are better things to do with your time.

    i'm not really mad at the execs for laying people off (thats just business), i'm more frustrated with the lack of communication about what the plan really is other than getting rid of people to maintain unrealistic profit margins.

  15. It's a $20 million corporate ego trip plus O & M costs, no one can argue to me they save money by flying a $20 million jet. Think about that the next time you had to give up a $15 magazine subscription or all you had was a five year old laptop. BTW, I think a check of the FAA database will show GCI also is a co-owner of a newer jet. I would wager close scrutiny of flight plans would show destinations not in the immediate vicinity of any GCI properties. Release the FBO flight logs Tara.

  16. A quick Google search shows spotters have seen this plane in London on June 24 (Newsquest?); Gander, Newfoundland, on June 24 (stopover on the same trip); San Juan, Puerto Rico on June 17; and ...

    "This flight is blocked as requested by the owner" on and "This flight is not available for tracking per request from the owner/operator" on Flight Aware.


  17. Just to clarify conflicting info upthread:

    N200GN (the Falcon) remains registered to Gannett, according to the FAA.

    Corporate is NOT out of the flying business. They would apparently like to keep where they fly and when to themselves, however.

  18. I'm the 7:44pm poster from above.

    Much of the flight ops staff got canned just like many of you. they didn't get anything special.

    As for how a 20M aircraft can be less expensive to use than commercial, consider this: Capital purchases are depreciated over many years, depending on IRS rules. Things like computers are short - typically 5 years. Things like buildings are long - 30 years. This tax impact is considerable and is designed to encourage businesses to make capital investments. I would assume a corporate jet is depreciated over 15-20 years at least.

    If you are going to be flying 10-12 people across the country (or to Europe), and you take into account salaries, time lost on commercial aircraft, etc.... it can be less expensive. Flight uses pretty sophisticated software that interfaces with the commercial aircraft system to compare pricing, salaries, etc... to determine the cost differences.

    BTW - the stopover in Newfoundland was to fuel the Falcon. It has a shorter range than the G4.

    (actually, if I remember, the falcon was 22M, and the G4 was more)

  19. This bird was also snapped coming into Orlando International in 2007. In February.



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