Looks like Donald Trump is in financial collapse
Between the trial and everything else going on as Donald Trump circles the drain, it’s easy to miss headlines about small developments that are part of a larger, important story. Facing growing financial woes, Trump just sold his prized 1997 Cessna Citation X jet, estimated to be valued at around $10 million, to a private buyer.
According to the Trump Organization’s website, the Cessna Citation X was “a very special feature within the Trump Aviation fleet.” Boasting of its speed and altitude capabilities, the site notes that it has been called a “rocket in the sky” while also being versatile enough to utilize small airports. The description is also sure to point out that the Trump Crest on the outside adds “an even higher level of luxury and beauty.”
With the aircraft now sold, that Trump Crest will soon be a goner. Presumably, Trump will also get around to updating the site to reflect the humiliating fact that mounting money pressures have led him to part with the plane that he has enjoyed for more than a quarter of a century.
Government records now show that the sale, first reported by Business Insider, took place on May 13 to MM Fleet Holdings LLC. State records reveal the person behind that company is Trump megadonor Mehrdad Moayedi, a construction tycoon, according to a report on Monday from The Daily Beast. In addition to having contributed almost $250,000 to help Trump’s campaign, Moayedi has also given thousands to other candidates such as Ted Cruz, Nikki Haley, and Kyrsten Sinema, as well as to GOP committees.
The quiet sale of this “magnificent” aircraft, as Trump has called it, is another sign of how the foundations of Trump’s empire are cracking in front of our eyes. It’s a reminder of how the twice-impeached has-been is struggling to handle hundreds of millions of dollars in legal liability—and how even Trump’s most cherished possessions are now slated for offloading. If this is what Trump calls winning, he would be wise to use some of his sale proceeds to invest in a better dictionary.
Ron Leshnower is a lawyer and the author of several books, including President Trump’s Month