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Airlines: A Farewell To His Fleet
Few things symbolized the high-flying empire of Donald Trump better than the northeastern shuttle that bears his name. Last week USAir reached a deal to fly and possibly purchase the airline. "I loved it," confesses Trump about his airline. "But the world's changed a lot. We're absolutely in a depression." Trump had stopped making interest payments on the shuttle, which he bought in 1989. As a result, bankers have been trying to find someone else to operate it. While details of the deal still need to be pounded out, Trump can at least look forward to some freedom from creditors. Says he: "The deal gets me out of $360 million in debt, which is fabulous."
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