• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipAviation

Trump Said He Saved $1 Billion on Air Force One Jets. The Air Force Doesn’t Know What He’s Talking About

By
Feliz Solomon
Feliz Solomon
Down Arrow Button Icon
By
Feliz Solomon
Feliz Solomon
Down Arrow Button Icon
February 24, 2017, 3:20 AM ET

The U.S. Air Force said it was unaware of a plan touted by President Donald Trump to save $1 billion on upgrades to Air Force One, deferring all questions on the matter to the White House.

Bloomberg reports that Air Force spokesperson Col. Pat Ryder had no response for repeated inquiries about a claim Trump made during a rally last week that “we got that price down by over $1 billion.”

Trump was referring to a program including the development and purchase of two Boeing jets (BA) to be used as Air Force One, a deal that the President claimed was originally expected to cost about $4.2 billion.

“Can you believe this?” Trump said to a crowd of his supporters in Florida. “I said, ‘No way.’ I said, ‘I refuse to fly in a $4.2 billion airplane. I refuse.’” Before taking office, he had threatened to revoke the deal amid an ongoing public spat with the aircraft maker.

For more on Trump and Boeing, watch Fortune’s video:

Asked about the claim on Wednesday, Ryder told reporters that to his knowledge, “I have not been told that we have that information,” adding that, “I refer you to the White House” for all further inquiries.

A preliminary phase of planning upgrades for the President’s aging Air force One is already under way with a $170 million contract, according to a statement by Boeing. Around mid-year the Air Force plans to award contracts for two Boeing 747-8 aircraft, considered the only U.S.-manufactured planes appropriate for the role.

Air Force One serves as a mobile office for the President, and as such is outfitted with advanced security systems and able to refuel in mid-air. The Air Force said it has budgeted $2.7 billion this year for maintenance and upgrades to the President’s flying fortress.

About the Author
By Feliz Solomon
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
AsiaAsia Agenda
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica AngApril 23, 2026
6 hours ago
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
Big TechSpotify
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
By Marco Quiroz-GutierrezApril 23, 2026
6 hours ago
ken
Commentary250 Years of Innovation
The longevity revolution is here. Our systems still think we die at 65
By Ken DychtwaldApril 23, 2026
7 hours ago
anirudh
Conferencesdisruption
Cadence CEO on the AI boom and human nature: ‘there are more tools, but the human part is not different’
By Nick LichtenbergApril 23, 2026
7 hours ago
Meta, Microsoft look to trim workforces amid heavy AI spending
Big TechMeta
Meta, Microsoft look to trim workforces amid heavy AI spending
By Kurt Wagner, Brody Ford and BloombergApril 23, 2026
8 hours ago
Esther, Janet, Susan, and Anne Wojcicki stand in formal dresses and pose.
SuccessLeadership
‘Godmother of Silicon Valley’ Esther Wojcicki, mother of the YouTube and 23andMe CEOs, shares her secret to raising future leaders 
By Jacqueline MunisApril 23, 2026
8 hours ago

Most Popular

When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
By Eleanor PringleApril 23, 2026
16 hours ago
Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricity
Environment
Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricity
By Mead Gruver, Dorany Pineda and The Associated PressApril 22, 2026
1 day ago
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezApril 22, 2026
1 day ago
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
Success
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
By Emma BurleighApril 23, 2026
12 hours ago
Craving work-life balance is a huge red flag, says Fortune 500 Europe CEO—and like Barack Obama, he happily works through weekends
Success
Craving work-life balance is a huge red flag, says Fortune 500 Europe CEO—and like Barack Obama, he happily works through weekends
By Orianna Rosa RoyleApril 22, 2026
2 days ago
The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
Economy
The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
By Angelica AngApril 23, 2026
16 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.