Donald Trump’s $15m bonanza despite legal woes


Picture: Vivaldi/Wikimedia Commons; Adam Gray / AFP

Donald Trump sells private jet amid legal woes. Picture: Vivaldi/Wikimedia Commons; Adam Gray / AFP


Former US president Donald Trump’s company has offloaded one of his prized private jets in the wake of nearly $750m in legal judgments this year.

Federal Aviation Administration (FAA) records show that the registration of the plane, a 1997 Cessna jet, was transferred from Trump Organisation’s DT Air Corp to a Texas-based entity called MM Fleet Holdings LLC on May 13, public records obtained by the Daily Beast reveal.

The plane is said to be valued at around $US10 million ($A15 million), according to evoJets, though it was sold for an undisclosed sum.

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Donald Trump has offloaded one of his private jets amid his legal troubles. Picture: Getty


Donald Trump’s Cessna Citation X landing in New York in August 2014. Picture: Vivaldi/Wikimedia Commons

Donald Trump’s Cessna Citation X. Picture: Vivaldi/Wikimedia Commons


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MM Fleet Holdings LLC is tied to Mehrdad Moayedi, an Iranian-American construction and development mogul based near Dallas. He runs Centurion American Custom Homes, the New York Post reported.

Mr Moayedi, a known Trump supporter, contributed a hefty $US245,000 ($A368,600) to Trump Victory – a committee that raised money for the Trump campaign, the Republican National Committee (RNC), and state Republican parties – in 2019 and 2020.

Besides the former US president, Mr Moayedi has supported other Republican candidates and committees, including the RNC, Senator Ted Cruz, former South Carolina governor Nikki Haley, as well as Arizona independent Kyrsten Sinema.

Cessna Latitude private jet. Photo: Cessna


Inside a Cessna Latitude private jet. Photo: Cessna


Mr Trump previously showcased his Cessna private jet on the Trump Aviation website, describing it as a “very special feature” of the fleet.

The site claims the aircraft is a “rocket in the sky,” capable of reaching speeds up to Mach .92 and altitudes of 51,000 feet.

It boasts luxurious interiors for nine passengers and the “signature Trump Crest” for added elegance.

Mehrdad Moayedi. Picture: Centurion American Development Group

Mehrdad Moayedi. Picture: Centurion American Development Group


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Meanwhile, this might not be the only property Mr Trump will have to unload.

Earlier this year, New York Attorney-General Letitia James initiated steps to seize assets from the former president, following his inability to post bond in the $US464 million ($A710 million) civil fraud ruling against him.

Just after Judge Arthur Engoron’s Feb 16 verdict, Ms James’ team filed judgments in Westchester County, signalling the state’s readiness to take Mr Trump’s prized properties, including Trump National Golf Club Westchester and private estate, famously known as Seven Springs, located north of Manhattan.

Donald Trump’s private family estate, known as Seven Springs, in Westchester. Picture: Trump Organization via The Post.

Donald Trump’s private family estate, known as Seven Springs, in Westchester. Picture: Trump Organization via The Post.


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The filing, made on March 6, notably omitted the specific assets targeted or the reasons behind the move.

However, the implications for Mr Trump’s Westchester real estate empire are clear: his luxurious retreats are the first to be on the chopping block.

Currently, the matter is on hold and pending as the case makes its way to the appeals court.

+ By Belinda Palmada

Parts of this story first appeared in the New York Postand were republished with permission.

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