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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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PoliticsDonald Trump

Trump set to accept luxury jet as gift from Qatar, ABC says

By
Gabriela Mello
Gabriela Mello
and
Bloomberg
Bloomberg
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By
Gabriela Mello
Gabriela Mello
and
Bloomberg
Bloomberg
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May 11, 2025, 10:37 AM ET
President Donald Trump outside the West Wing of the White House on May 8.
President Donald Trump outside the West Wing of the White House on May 8.Anna Moneymaker—Getty Images

President Donald Trump’s administration is likely to accept a luxury Boeing 747-8 jumbo jet from Qatar’s royal family, in what may be the most valuable gift ever received from a foreign government, ABC News reported Sunday.

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Qatar later said reports of a gift were “inaccurate.” Ali-Al-Ansari, Qatar’s media attaché to the US, told Bloomberg that a possible transfer of the plane for “temporary use as Air Force One is currently under consideration,” but that “no decision has been made.”

ABC, citing people familiar with the plans, said that a gift is expected to be announced this week, when Trump visits Qatar as part of his Middle East tour.

The super luxury Boeing Co. 747-8 jumbo jet is to be used as Air Force One, the people told the network.

The White House didn’t respond to Bloomberg’s request for comment. 

Trump has been seeking alternatives to replace the aging Air Force One, after chronic delays by Boeing in delivering two new aircraft the president ordered during his first term. The Air Force this month said Boeing is proposing to deliver its new version of Air Force One by 2027.

Bloomberg News previously reported that Trump had inspected a Qatari-owned Boeing jet when it touched down in West Palm Beach, Florida, in February. At that time, the president told reporters he’s “not happy” with Boeing and that his administration was considering doing “something else.”

“We may go and buy a plane,” Trump said days after touring the jet — which has been used by Hamad bin Jassim bin Jaber Al Thani, one of the Qatar royal family’s wealthiest figures, for the past decade.  

Read more: Air Force One Delay Has Trump Plane Shopping 

US Attorney General Pam Bondi and Trump’s top White House lawyer David Warrington drafted an analysis concluding that the donation of the aircraft would be “legally permissible” as long as its ownership is transferred to Trump’s presidential library before the end of his term, according to ABC.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
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