Aircraft does get expensive to maintain.  Also with new innovations on the web, it is becoming much less expensive to accomplish the same with virtual meetings on the web, just compare the cost to a couple plane tickets.  The way we do business today is changing and being mobile for many is a big cost with travel time, etc.  Certainly there are times when real life participation is necessary, but there's much that can be done with technology and big Pharma is just like everyone else in looking at where the money gets spent, R and D always needs more money for one.  BD 

As the drugmakers cost-cutting campaign takes off, its aviation department is being grounded - apparently, permanently. We actually noted this development yesterday, but The Times of Trenton has a few more details we thought we would share with you. To be specific, Bristol-Myers Squibb plans to sell four aircraft and dismiss about 32 employees, mostly pilots and mechanics, who work at Trenton-Mercer Airport. Other drugmakers with aviation operations at the airport include Pfizer, Johnson & Johnson and Merck, the paper notes.

Bristol-Myers Grounds Its Fleet Of Jets // Pharmalot

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