Trump Hotels & Casino Resorts pays Trump's aircraft costs
What happened
promisedocumented The public company represented that company funds would support its casino operations.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
actiondocumented The company disclosed bearing certain pilot or aircraft-related costs connected to Trump's plane.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
outcomedocumented Trump's aircraft operation received the benefit of company-paid costs.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
limitationdocumented The plane was also used for company business, and the cited sources do not establish the proper allocation between business and personal use.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
People and organizations
- Trump Hotels & Casino Resorts public shareholdersaffected party
- Donald Trump aircraft interestsbeneficiary
Assessment
The arrangement moved a disclosed aircraft-related cost onto the public company while possibly also supporting company travel. The cited sources do not resolve whether the allocation was fair.