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Trump's Airline Legacy: From Bankruptcy to Bold Claims In a recent CNBC "Squawk Box" segment, Airlines for America President Nick Calio criticized the Biden administration's "punitive" regulations, praising Trump's deregulatory approach and his past as an airline owner. However, Trump's airline venture, Trump Shuttle, launched in 1989, ended in bankruptcy by 1992 after losing over $128 million due to mismanagement and rising costs. Despite this history, Calio highlights Trump's current push for