Name: What Happened To Donald Trump’s $365 Million Airline?
Uploaded: 2020-03-30T07:35:43.000Z
Duration: 7 min 49 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

- Mr. Trump, who's your lovely date tonight?

And when you think business, you think Trump.

My son, he's 22 years old, and Mr. Trump is his hero.

We're from Oregon, and Donald Trump is popular out there.

I really respect him, and I think he's amazing.

Everything he does seems to turn into gold.

Narrator: By 1988, Trump was a major name in real estate.

with an estimated net worth of $3 billion.

And he bought the luxurious Plaza Hotel for $390 million.

- The Trump Organization was a holding company

Those assets included hotels, apartment buildings,

Donald Trump hired him as the marketing director

- Mr. Trump thought that having an airline

would complement his other travel-related holdings,

especially if you were flying for business.

Narrator: Shuttle services from airlines like Pan Am

and Eastern offered flights between New York,

Boston, and Washington that took off every hour.

- There was an open auction for the shuttle.

Several different airlines submitted bids.

At the end, it became the Trump Organization

and America West, and the Trump Organization prevailed.

Narrator: Trump secured $365 million from a consortium

of banks to make a bid for the Eastern Shuttle.

After a meeting with airline owner Frank Lorenzo

at Trump's Plaza Hotel, the deal was done,

Trump spent $1 million to refurbish each plane.

- We were the first plane out this morning.

We were the most successful flight this morning.

and I think we had better service than anybody else.

Narrator: Trump Shuttle offered quick flights

between three east coast destinations: Logan Airport

in Boston, LaGuardia in New York, and Reagan in D.C.

was really disorganized because, you know,

And the pilots just got it all figured out.

It was 64 flights a day between three cities,

Narrator: Trump's purchase of the Eastern Shuttle

created over 1,000 new jobs, many of which were filled

by Eastern employees out of work due to the strike.

Employees like Rosemary Durant, a Boston-based

flight attendant who got a job with Trump Shuttle.

- I was a flight attendant with Trump Shuttle

It was an opportunity to continue flying,

- We're gonna really be a good competitor,

Harteveldt: So the primary competitor that we flew against

was Pan Am, Pan Am Shuttle, and a very, very fine

competitor to have, because Pan Am forced us

to bring our A game to the shuttle market.

Subtitles ListPlay Video

What Happened To Donald Trump’s $365 Million Airline?

opportunity

guarantee

sustainable

strike