Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: smokingfrog

Trump Airlines, was an airline owned by Donald Trump from 1989 to 1992.

Note: 1992 is 2 years after 1990


14 posted on 11/20/2016 9:35:37 AM PST by wrench
[ Post Reply | Private Reply | To 13 | View Replies ]


To: wrench

Trump Shuttle never turned a profit. In September 1990 the loans were defaulted and ownership of the airline passed to its creditor banks, led by Citicorp. With airline share prices depressed by the recession and anticipation of the Gulf War, they were unable to sell the operation at a desired price despite lengthy negotiations first with Northwest Airlines, then American Airlines and US Air Group.


25 posted on 11/20/2016 9:52:15 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson