February 4, 2009 7:47 PM

BofA sells 3 jets, helicopter, but won't say what it still owns

Bank spokesman Scott Silvestri said the sale of the jets came as part of an "ongoing cost reduction effort." He declined to say how many planes the bank still owns. Recent Federal Aviation Administration filings showed the bank had at least eight aircraft. Since October, Bank of America has received $45 billion in government money.

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