Are these in default? I did not think so. Wish I had the financial ability to seek out and find lenders who would extend this volume of debt. I bet lil weasel Ted would have no problem funding his snake oil chuck wagon too but to a less extent??
“Are these in default? “
Ok.
In October 1988, Donald Trump threw his wallet into the airline business by purchasing Eastern Air Shuttle, a service that for 27 years had run hourly flights between Boston, New York City and Washington, D.C. For roughly $365 million, Trump got a fleet of 17 Boeing 727s, landing facilities in each of the three cities and the right to paint his name on an airplane. Trump pushed to give the airline the Trump touch, making the previously no-muss, no-fuss shuttle service into a luxury experience. To this end, he added maple-wood veneer to the floors, chrome seat-belt latches and gold-colored bathroom fixtures. But his gamble was a bust. A lack of increased interest from customers (who favored the airline for its convenience not its fancy new look) combined with high pre–Gulf War fuel prices meant the shuttle never turned a profit. The high debt forced Trump to default on his loans, and ownership of the company was turned over to creditors.
http://content.time.com/time/specials/packages/article/0,28804,2068227_2068229_2068223,00.html
Trump Vodka ....
Trump Casinos
Trump Mortgage
Trump the Game
You’re Fired!
1991, Trump’s Taj Mahal in Atlantic City: This was the rare case where Trump himself was on the hook for as much as $900 million. To get out of trouble, the company filed for Chapter 11 bankruptcy, which allowed him to reorganize the debt while the casino remained open. The debacle cost the now-billionaire half his stake in the casino.
•1992, Trump Plaza Hotel in Atlantic City: This time Trump was not personally on the hook, but he had to give up his 49% stake in the hotel as part of its bankruptcy deal. He did stay CEO, but that was in name only as he relinquished his salary and day-to-day operational role.
•2004, Trump Hotels and Casinos Resorts: With his company nearly $2 billion in debt, Trump again used Chapter 11 to reorganize. This time he reduced his stake to around 25% and again gave up control.
•2009, Trump Entertainment Resorts: In his most-recent filing, the latest iteration of the Trump casino business filed for Chapter 11, leading to him resigning from the board and reducing his stake even further.
http://www.fool.com/investing/general/2015/10/10/donald-trumps-4-biggest-failures.aspx