USA320Pilot
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- May 18, 2003
- 8,175
- 1,539
Trump: I Ran a Great (Shuttle) Airline: Exclusive
- Thread starter USA320Pilot
- Start date
SparrowHawk
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- Nov 30, 2009
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He's a living legend at least in his mind. Although I heard he's pretty decent to work for when I lived near ACY
BoeingBoy
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- Nov 9, 2003
- 16,512
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- Banned
- #4
I don't doubt it. The biggest thing to know about Trump is that he almost never has his own money invested in his businesses that file bankruptcy. He charms others to put their money at risk, soaks up all the credit, and walks away unharmed if things go sour - as they did with the Shuttle, the casinos, etc.
Jim
xUT
Veteran
Well, he has my vote... :wacko: :wacko: :wacko:
crazystnic
Veteran
- Sep 28, 2010
- 781
- 727
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I worked for Trump at the Shuttle and he was a great boss. He left the business to be run by the people he put in charge...
He was also very friendly when he stuck his head in the cockpit..
In fact within 6 months of the start of the shuttle in 89 the pilots had a new 4 year contract with a 36. 5 percent raise over 4 years. A lot more than I can say for the leadership of AWA/ AAA and Doug Parker... Doug believes in piss off as many passengers and employees as possible and wait for the implosion...
I still think Parker's attitude will be the end of this place... I think it will soon implode due to labor unrest.
xUT
Veteran
so.... you would vote for Trump for president of the United States?
Just Asking... B)
crazystnic
Veteran
- Sep 28, 2010
- 781
- 727
America West bid for the Shuttle in early 1989 when Frank Lorenzo placed the Eastern Air Shuttle up for auction to be brought by the highest bidder. America West placed the first bid to purchase the Eastern Air Shuttle outright. TWA’s Carl Icahn also placed a bid for the Shuttle, but it was Donald Trump who came forward with the highest offer financed through 22 banks and a $380 million loan. Trump won the bid.
This was during same time frame of AWAs over-aggressive expansion campaign. Same time period when AWA purchased 747s from KLM, had 747-400s on order from Boeing, looked to expand to Australia, Japan, etc.
After Trump Shuttle defaultied on loans, Citibank took control of Trump Shuttle in late 1990 and placed it up for auction. This is was when USAir showed interest in the Shuttle. There were three airlines that expressed interest in acquiring Trump Shuttle during that time - Northwest Airlines, American Airlines and USAir.
USAir won the bid and began operating the Shuttle as USAir Shuttle, a subsidiary of USAir, in April of 1992 I believe.
N965VJ
Veteran
US did the same thing when they took over the show in the 90s.
phllax
Veteran
crazystnic
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- Sep 28, 2010
- 781
- 727
well kind of.. AAA ALPA had some say in that.. The shuttle tried to operate some new routes.. specifically BOS Montreal and AAA ALPA made sure that didn't happen..
and yes it was Shuttle INC...
Donald didn't do a bad job running an airline but pre packaged bankruptcy made him divest the shuttle.
it was actually a consortium of banks with Citi Group as the leader that held the paper..
the deal went to USAIR and not AA or NWA back in 93 because the other airlines wanted to just outright buy from the banks and the banks wanted to make there money back.
thus they went with USAir who was ok with a management agreement for 10 years and then a purchase so the banks could make some of their losses back.
In fact we had a very nice senority integration done with NWA ....
oh how one can dream.
signals
Veteran
Sounds like a typical land developer
