Politics - News Analysis
Mike Lindell Gets Grounded: Forced to Sell Off Jet to Help Pay for Defense of Dominion Suit
A very wise man once said that having known a lot of extremely wealthy people in his time, whenever money becomes an issue, the personal plane is the first thing to go.
We are pretty sure that Mike Lindell isn’t the wisest person on earth, but we do know that he is following the golden rule mentioned above. Faced with the astronomical costs associated with defending the Dominion lawsuits, Lindell decided he could do without at least one of the company’s jets. From Rawstory:
With Dominion’s $1.3 billion lawsuit hanging over his head, records indicate that Lindell is making major personal concessions in preparation for a significant legal battle.
According to Federal Aviation Administration (FAA) records reviewed by Salon, Lindell (through his company MyPillow) has recently sold off at least one of his private planes. FAA records indicate that an aircraft registered to MyPillow — a 1993 Dassault-Breguet Falcon 50 with tail number N497SP — was transferred to Clyde Air LLC on July 26, for an undisclosed purchase amount. (A similarly-configured 1993 Falcon 50 private jet currently on the market has a $2.5 million price tag.)
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Wow. Talk about First World Problems. There are about a million people in Louisiana without power right now, thousands with damaged homes, we aren’t sure that parting with his own private jet is a “major personal concession,” on Lindell’s part. We should also note that the $2.5 million he may have gained will certainly help in paying the legal bills, but it will be a teacup in the ocean if Dominion gets the judgment it seeks against Lindell.
While on the subject of airplanes being the first things to go during times of economic strife, has anyone seen Trump’s 757 lately? When we last heard, it was parked, needing new engines, somewhere in New York, and we were promised that it wouldn’t be long before that “beautiful iconic plane” was seen again flying to rallies. Puzzling.
[email protected] and on Twitter @JasonMiciak