President Trump's Sikorsky S-76B helicopter is now for sale on aircraft broker site Jet Edge Partners. The sale of the luxury helicopter comes as the virus pandemic has hammered businesses within The Trump Organization as large debt payments loom.
The S-76B still flies under the U.S. civil registration code N76DT, an apparent reference to "Donald Trump," The Drive said. The helicopter is parked at an undisclosed hanger in Trenton, New Jersey, waiting for a new owner.
There was no clear indication at what price Jet Edge Partners listed the helicopter, though, on its website, it said: "Deal Pending." In 2015, CNBC estimated a pre-owned "S-76′s usually sell for $5 million to $7 million."
Manufactured in 1989, the helicopter came off the Sikorsky line, now a Lockheed Martin subsidiary. The airframe has a little under 6,300 hours, and it appears the cockpit and cabin were modernized in the last decade. Here are some of the amenities the helicopter has to offer:
Cabin Seats covered in Ecru/Almond Leather with Gold Seatbelt Fittings
Six-Place Executive Cabin Interior with Panelling & Soundproofing System
Headliner & Window Panels in Cream Ultra Suede
The sale of the helicopter comes around the time the virus-induced downturn has battered The Trump Organization. Trump's empire is primarily built around golf courses, hotels, commercial and residential real estate, shops, and restaurants, mainly segments of the economy that have been hard hit.
We may never know the exact reason why The Trump Organization has decided to sell its multi-million dollar helicopter. Still, the financial pressures we noted above suggest the company may need to raise cash ahead of loan payments due over the next couple of years.
If so, does that mean Trump's Boeing 757 could be liquidated next?