P.M. BRIEFING : Trump Takes Shuttle Off Block
Developer Donald Trump has taken the Trump Shuttle off the auction block, a spokeswoman confirmed today. The move came shortly after Trump’s $65-million bank bailout was officially completed. Part of the rescue plan requires Trump, whose debt is estimated to total $3.2 billion, to sell some assets.
Trump’s bankers had been pressing for the sale of the shuttle, which had been losing money and draining cash flow at his business empire.
A Trump spokeswoman noted that an upswing in business at the shuttle and certain changes in operations have helped make the carrier profitable.
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