Latest In

Breaking News

N.M. state jet still hasn’t been sold

Steve Terrell of the Santa Fe New Mexican checked to see how the sale of the state jet — the one Gov. Susana Martinez made a big issue to sell the state jet in her campaign , calling it the “ultimate symbol of waste and excess.” However, the jet still hasn’t been sold at $2.35 million less than what the state paid for it and it costs about $400,000 a year to fuel and maintain.

Jul 31, 2020
79.1K Shares
4.1M Views
Steve Terrell of the Santa Fe New Mexican checkedto see how the sale of the state jet — the one Gov. Susana Martinez made a big issue to sell the state jet in her campaign, calling it the “ultimate symbol of waste and excess.” However, the jet still hasn’t been soldat $2.35 million less than what the state paid for it and it costs about $400,000 a year to fuel and maintain.
However, the state hasn’t been spending much on fuel for the jet this year. The plane hasn’t been flown since early December, department spokesman Tim Korte said. It’s stored at the state hangar at the Santa Fe Municipal Airport, he said.
New Mexico’s Cessna is the newest model and the most expensive of the six aircraft listed on Wetzel Aviation’s website.
“There have been some inquiries, some interest,” Wetzel spokesman Bryon Mobley said Monday. But he said the bad economy has presented “challenges” in selling the aircraft.
Mobley said the average time for selling a jet like New Mexico’s is 90 to 180 days. The company was chosen for the contract about two months ago.
The asking price is slightly lower than other 2005 Citation Bravos listed on aircraft sale websites. One such jet in Texas — same model, same year — is being offered for $3.195 million.
Read the full article here.
Camilo Wood

Camilo Wood

Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles