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.

After having canceled a multi-billion dollar airport construction project in November, Mexico’s new president, Andres Manuel Lopez Obrador, is making more aviation cuts. This time, the reductions concern the official presidential jet.

Fulfilling a campaign promise, Obrador is selling off the presidential Boeing 787-8 Dreamliner that his predecessors ordered in 2012 and took delivery of in 2016. The luxurious widebody is worth about $218 million, according to Reuters. Obrador, who ran on a platform of ending purported government corruption, has criticized it as an ostentatious symbol of government excess. It’s newer than the US presidential jet, a modified Boeing 747 dubbed Air Force One when the US president is on board.

Obrador opened up the plane’s sumptuous interior to media tours over the weekend.


On Monday, the 2-year-old jumbo jet flew to a Boeing facility in California, Bloomberg reports, where it can be maintained by the plane manufacturer until a buyer is locked down. The 787’s sale is part of a larger push by Obrador to sell off government-owned planes and helicopters he deems unnecessary.

“We are selling all the planes and helicopters that the corrupt politicians used,” he told a cheering crowd at a rally earlier this year. In addition to the presidential 787, the new administration is aiming to sell 60 government planes and 70 government helicopters, the nation’s finance minister Carlos Urzua said in a press conference.

At the tail end of October, Obrador pulled the plug on a $13 billion plan for a new airport that was underway in the outskirts of Mexico City. In a nationwide referendum, 70% of voters rejected the plan. The project was already more than a third completed, with $5 billon already sunk into the construction. During his campaign, Obrador accused the project of being rife with corruption because many of the construction contracts went to companies under the umbrella of a single Mexican billionaire, Carlos Slim.

Featured image by ALEJANDRO MELENDEZ/AFP/Getty Images.

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
17.99% - 24.99% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

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.