Select Page

Don't Tread On My Site

Trump Organization Selling Iconic Helicopter As Pandemic Hammers Business

Load WordPress Sites in as fast as 37ms!

Trump Organization Selling Iconic Helicopter As Pandemic Hammers Business

Tyler Durden

Thu, 10/29/2020 – 05:45

President Trump’s Sikorsky S-76B helicopter is now for sale on aircraft broker site Jet Edge Partners. The sale of the luxury helicopter comes as the virus pandemic has hammered businesses within The Trump Organization as large debt payments loom

The S-76B still flies under the U.S. civil registration code N76DT, an apparent reference to “Donald Trump,” The Drive said. The helicopter is parked at an undisclosed hanger in Trenton, New Jersey, waiting for a new owner. 

<!–[if IE 9]><![endif]–>

There was no clear indication at what price Jet Edge Partners listed the helicopter, though, on its website, it said: “Deal Pending.” In 2015, CNBC estimated a pre-owned “S-76′s usually sell for $5 million to $7 million.” 

<!–[if IE 9]><![endif]–>

Manufactured in 1989, the helicopter came off the Sikorsky line, now a Lockheed Martin subsidiary. The airframe has a little under 6,300 hours, and it appears the cockpit and cabin were modernized in the last decade. Here are some of the amenities the helicopter has to offer:

  • Cabin Seats covered in Ecru/Almond Leather with Gold Seatbelt Fittings

  • Six-Place Executive Cabin Interior with Panelling & Soundproofing System

  • Headliner & Window Panels in Cream Ultra Suede

<!–[if IE 9]><![endif]–>

The sale of the helicopter comes around the time the virus-induced downturn has battered The Trump Organization. Trump’s empire is primarily built around golf courses, hotels, commercial and residential real estate, shops, and restaurants, mainly segments of the economy that have been hard hit

We may never know the exact reason why The Trump Organization has decided to sell its multi-million dollar helicopter. Still, the financial pressures we noted above suggest the company may need to raise cash ahead of loan payments due over the next couple of years. 

If so, does that mean Trump’s Boeing 757 could be liquidated next? 


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

Advertise on Libertarian Hub

About The Author

Tyler Durden

Zero Hedge's mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information's unending quest for freedom. Visit https://www.zerohedge.com

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.