Donald Trump sells private jet to Republican donor amid cash squeeze

Former president transfers ownership of Cessna Citation X, worth $8.5m to $10m, to holding company tied to Mehrdad Moayedi

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.