Trump Wanted Cheaper Air Force One So the USAF Is Buying a Bankrupt Russian Firm's Undelivered 747s

President Donald Trump said the projected cost of new Air Force One aircraft was too high, so the U.S. Air Force found a way to lower it: by buying a pair of Boeing 747 jetliners abandoned by a bankrupt Russian airline.

Air Force officials are now finalizing a contract with Boeing for the two planes, according to three defense officials with knowledge of the deal. The Pentagon could publicly announce the deal as soon as this week.

“We’re working through the final stages of coordination to purchase two commercial 747-8 aircraft and expect to award a contract soon,” Air Force spokeswoman Ann Stefanek said in a statement.

The Air Force is not expected to disclose the specific value of the contract, but officials said that the military is getting a good deal on the planes. Boeing lists the average sticker price of a 747-8 as $386.8 million; the actual amount paid by airlines and other customers varies with quantities, configurations, and so forth.

http://www.defenseone.com/business/2017/08/russian-air-force-one-boeing-trump-747/139872/