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You are here News Politics Donald Trump sells private jet to Republican donor amid cash squeeze

Donald Trump sells private jet to Republican donor amid cash squeeze

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Trump sells one of two private planes

With more than $500m in court fines on his back, Donald Trump has sold one of the two private jets he owns to a major Republican donor.

According to FAA records, the former US president transferred ownership of the 1997 Cessna Citation X on 13 May. While it is unclear how much he sold the plane for, the private aviation company evoJets estimates a Citation X costs about $8.5m to $10m.

While FAA records do not name an individual who now owns the plane, the agency lists a Dallas-based holding company called MM Fleet Holdings LLC as the owner of the plane.

The Daily Beast tied the company to Mehrdad Moayedi, an Iranian American real estate developer in Dallas.

FEC records show that Moayedi donated nearly $250,000 to Trump’s re-election campaign in 2019 and 2020. Records show that he has also donated millions to other campaigns, including to Ted Cruz’s Senate re-election campaign and to the Republican National Committee.

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