Truist employs 6 FULL TIME pilots, and is hiring for a 7th - for who knows how many planes. But save those paperclips guys, expense management is our #1 priority!!
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How do you think all the glorious leadership in SunTruist get back and forth from hot Lanta to Charlotte each week. Surely you didn’t think they drove!
While most are in agreement the merger is a disaster, and that the Executives have shown total disdain for “teammates” at every turn, this “airplane issue” is a non-event. As someone mentioned below, this is one issue that is not related to our executive’s greed - it is simply a financing/accounting issue.
The planes owned by Truist equipment are dry leased. Off balance sheet financing for Truist clients. Truist is a capital provider and leasing solutions are one type.
A quick search of the FAA registry shows that between Truist Bank and Truist Equipment Finance Corp they own 26! planes.
It’s like Oprah is in charge of executive management. You get a plane! And you get a plane! We're all getting PLANES!!!!!