Skip to content
Go to Home Page
News

It's Official: The US Air Force Is Buying Two New 747 Air Force Ones

Nov. 09, 2017
•
1 min read
Japanese PM Abe Visits US - Day 1
It's Official: The US Air Force Is Buying Two New 747 Air Force Ones
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.
Daily Newsletter
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts

Boeing said on Thursday that it had formally "booked" an order from the United States Air Force for two of its 747-8 aircraft that will be converted into the future Air Force One.

Details of the final cost of the order weren't released, but the official list price for one 747-8 is $351.4 million, according to Reuters. It's likely that the Air Force got a great deal on these aircraft, considering they're aircraft originally meant for a Russian airline that had been in storage in the desert after the airline, Transaero, failed.

The Air Force would like to see the new -8s enter service in 2024. Before then, the planes will undergo significant (and expensive) modifications in order to be deemed fit to serve as Air Force One. When the new Boeings are delivered, it will bring the US president's super-secure aircraft into the modern age — and will bring the US in line with some other nations such as Kuwait that use larger (and more modern) aircraft for their leaders.

Featured image by The Asahi Shimbun

TPG featured card

Capital One Venture Rewards Credit Card

4.5 / 5
Go to review
Apply for Capital One Venture Rewards Credit Card
Apply now
for Capital One Venture Rewards Credit Card

at Capital One's secure site

Terms & restrictions apply. See rates & fees.

Rewards rate
5X milesEarn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
2X milesEarn unlimited 2X miles on every purchase, every day
Intro offer
Open Intro bonus
Enjoy a $250 travel credit & earn 75K bonus miles
Annual fee
$95
Regular APR
19.49% - 28.49% (Variable)
Recommended credit
Open Credit score description
670-850Excellent, Good

Pros

  • Stellar welcome offer of 75,000 miles after spending $4,000 on purchases in the first three months from account opening. Plus, a $250 Capital One Travel credit to use in your first cardholder year upon account opening.
  • You'll earn 2 miles per dollar on every purchase, which means you won't have to worry about memorizing bonus categories
  • Rewards are versatile and can be redeemed for a statement credit or transferred to Capital One’s transfer partners

Cons

  • Highest bonus-earning categories only on travel booked via Capital One Travel
  • LIMITED-TIME OFFER: Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $120 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • Top rated mobile app