Trump Shuttle
|
|||||||
| Founded | 1989 | ||||||
|---|---|---|---|---|---|---|---|
| Ceased operations | 1992 | ||||||
| Focus cities | |||||||
| Fleet size | 17 | ||||||
| Destinations | 3 | ||||||
Trump Shuttle, Inc. was an airline owned by Donald Trump from 1989 to 1992. The landing rights and some of the physical assets necessary to operate the shuttle flights were originally part of Eastern Air Lines and known as the Eastern Air Lines Shuttle. It operated hourly flights on Boeing 727 aircraft from LaGuardia Airport in New York City to Logan International Airport in Boston, Massachusetts and Ronald Reagan Washington National Airport in Washington, D.C., then known as Washington National Airport, as well as charter service to other destinations. Its IATA designator code was TB (later reassigned to Jetairfly).
In the late 1980s, both Eastern Air Lines and Pan American World Airways operated air shuttle services in the northeastern United States, which were highly profitable even though the two airlines, as a whole, were not. As the financial outlook for the original Eastern Air Lines became more pessimistic in the late 1980s, the carrier began to sell its routes and aircraft. It organized its profitable shuttle operation into a separate company headed by Bruce Nobles with the intent of selling it to raise cash.
Eastern president Frank Lorenzo met Donald Trump at a party, and subsequently negotiated the sale of the shuttle to Trump for $365 million, more than the projected cost to start up a similar airline, but justifiable if the airline achieved a high market share. The shuttle had previously been a "no-frills" operation for business travelers, but Trump announced that he would convert it to a luxury airline.
...
Wikipedia