It failed because most airlines fail, especially if they’re run by a total financial and marketing doofus (Trump). People vote with their feet, and Trump’s idea that people would pay more to fly on old planes decked out in mahogany and fake gold trappings, that was totally false. Also he overbought, buying 22 tired old fuel-inefficient planes, when he only needed about 12. Ten $8 million dollar planes sitting idle, that’s a 24/7 money bleed right there.
His jets were taken back by the banks, which resold them to another airline, and they lost a bundle on the approx $400 million they had lent out.
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Has Donald Trump analyzed the Hawley-Smoot tariff and other failed tariffs throughout U.S. history? Why does he think his tariffs will be different?
from Quora http://ift.tt/2bBko8q
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