This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

The Trump Administration confirmed today that it has reached a deal with Boeing for two new Air Force One aircraft, CNBC reports. The deal for the two 747-8 aircraft is expected to total $3.9 billion.

“President Trump has reached an informal deal with Boeing on a fixed price contract for the new Air Force One Program,” a White House spokesman told CNBC. “Thanks to the President’s negotiations, the contract will save the taxpayers more than $1.4 Billion.”

The list price for one of Boeing’s 747-8s is $351.4 million, according to Reuters. But the jumbo jet will require significant modifications before carrying the president.

The administration had formally “booked” its order with Boeing for two of its 747-8 planes back in November 2017, but the price was still being negotiated.

As president-elect, Trump complained about the price tag for replacing Air Force One.

In December 2016, he tweeted:

That complaint resulted in a pledge from Boeing CEO Dennis Muilenburg that costs for a new Air Force One would not exceed $4 billion.

Know before you go.

News and deals straight to your inbox every day.

CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®

LIMITED TIME OFFER: 70,000 Miles

TPG'S BONUS VALUATION: $980

CARD HIGHLIGHTS: 2x miles on AA purchases plus 2x miles at gas stations and at telecommunications merchants, cable and satellite providers and car rental merchants. Get your first checked bag free.

Apply Now
More Things to Know
  • Designed for businesses
  • For a limited time: Earn 70,000 American Airlines AAdvantage® bonus miles after making $4,000 in purchases in first 4 months of account opening*
  • First checked bag is free on domestic American Airlines itineraries to reduce travel costs and boost your bottom line*
  • 25% savings on American Airlines inflight Wi-Fi when you use your card*
  • Enjoy preferred boarding on American Airlines flights*
  • Earn 2 AAdvantage® miles per $1 spent on eligible American Airlines purchases
  • Earn 2 AAdvantage® miles per $1 spent on purchases at telecommunications merchants, cable and satellite providers, car rental merchants and at gas stations*
  • Earn 1 AAdvantage® mile per $1 spent on other purchases*
  • No Foreign Transaction Fees*
Intro APR on Purchases
N/A
Regular APR
17.99% - 25.99%* (Variable)
Annual Fee
$99, waived for first 12 months*
Balance Transfer Fee
3% of each balance transfer; $5 minimum.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.