No, Donald Trump did not own Eastern Airlines. He owned a separate airline known as Trump Shuttle, Inc., which acquired specific assets from Eastern Air Lines.
Donald Trump and the Airline Industry
Donald Trump ventured into the airline business in the late 1980s, but his ownership was distinct from Eastern Air Lines itself.
The Trump Shuttle Acquisition
In 1989, Donald Trump purchased the landing rights and a portion of the physical assets that were essential for operating the successful shuttle flights from Eastern Air Lines. These assets were originally part of the Eastern Air Lines Shuttle service. Following this acquisition, Trump established his own carrier, Trump Shuttle, Inc., which operated these flights.
Trump Shuttle, Inc. was owned by Donald Trump from 1989 to 1992. While it took over routes and equipment that had previously belonged to Eastern Air Lines, it was an entirely separate entity under Trump's ownership, not Eastern Air Lines itself.
Distinguishing Ownership
To clarify the relationship, consider the following breakdown:
Airline Name | Primary Owner | Period of Trump's Direct Ownership | Relationship to Eastern Air Lines Assets |
---|---|---|---|
Eastern Air Lines | Various (not Donald Trump) | N/A | Sold its shuttle division assets |
Trump Shuttle, Inc. | Donald Trump | 1989-1992 | Acquired specific landing rights and physical assets from Eastern Air Lines' shuttle operations |
Eastern Air Lines was a major U.S. airline with a long history, founded in 1926, that eventually ceased operations in 1991 following financial difficulties and labor disputes. Trump's acquisition of the shuttle service assets occurred during Eastern's period of financial distress.
For more information on the Trump Shuttle, you can refer to its history here.