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U.S. near purchase of 747s once set for Russia to cut Air Force One costs

Aug. 01, 2017 5:59 PM ETThe Boeing Company (BA) StockBABy: Carl Surran, SA News Editor35 Comments
  • The U.S. Air Force reportedly is near a deal to buy two 747-8 jetliners from Boeing (NYSE:BA) for use as the next Air Force One fleet, converting planes previously ordered by a bankrupt Russian airline.
  • The jumbo jets have been in storage since they rolled out of Boeing’s factory near Seattle in 2015.
  • Boeing reportedly offered the Air Force a substantial undisclosed discount on the $387M list price of each plane, after Pres. Trump criticized the program as too expensive before taking office.

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