Donald Trump tweets to ‘cancel order’ for new Air Force One plane

The airline manufacturer’s stock initially took a hit on Tuesday when Trump used his Twitter account to criticize the cost of Boeing’s high-profile Air Force One contract.

Trump has tweeted that he will separate from his own business, the Trump Organization, but has provided no additional details other than promising to hold a press event on December 15 to outline his plans. Let’s break them down one by one. The initial contract totaled some $26 million just for research, with $127.3 million awarded in July toward the development the necessary specifications for “the next-generation aircraft”. “The Boeing 747-8 is the only aircraft manufactured in the United States when fully missionized meets the necessary capabilities established to execute the presidential support mission while reflecting the office of the president of the United States of America consistent with the national public interest”, she added.

How expensive a new version of Air Force One for future US presidents will be?

The Air Force did not respond right away to Trump’s complaint about the planes’ cost. You need a spare in case there is a problem with one.

“Boeing is in the early stages of negotiating the next generation Air Force One – which serves as a fully-functional command center for the President”.

The double-decker 747-8 is the only four-engine commercial jet made by Boeing, Reuters reported.

Cost have actually not been set. It’s logical to assume at least another $1 billion in additional expenses to complete and procure the aircraft. When that is factored in, the price tag might be about $4 billion, US officials said. But the budget is subject to approval by Congress and the actual design of the aircraft. “The airline manufacturer is also anxious about Trump’s tough talk on China, which is one of Boeing’s largest and most-promising customers”, said Boom Bust co-host Ameera David. “If Trump does anything to disrupt that business relationship, we’re likely to see a much more damaging and long-lasting knock on the company’s share price.” .

Air Force One is unlike most aircraft. It can refuel in flight. “The presidency is a far more important task!” While that $4 billion dollar price tag might seem steep, when you consider that the entire objective of Air Force One is to serve and protect the leader of the United States, it’s kind of understandable that Boeing and the Air Force would want to pull out all the stops. And they aren’t your average passenger jets.

White House press secretary Josh Earnest said: “I think the American people would expect that future presidents would benefit from unique and upgraded capabilities while flying aboard Air Force One”. The US government has already signed a contract with Boeing for $170m. But the program could be eliminated.

According to the General Accounting Office, delivery is planned for fiscal year 2024.

“The current fleet is reaching the end of their services lives, which requires increased maintenance time and costs”, Pond officials said in their statement.

“There have been no cost overruns”.