Boeing Air Force One delays could cost taxpayers $340 million.

Boeing Air Force One delays could cost taxpayers $340 million.

  • Construction of Boeing’s new Air Force One is so far behind schedule that taxpayers are facing a $340 million loss.
  • The Air Force has said existing 747s can continue flying until 2028, according to the WSJ.
  • The project is three years behind schedule, and the delays have cost Boeing nearly $2 billion.

Boeing is so far behind in building two new Air Force Ones that taxpayers are facing a $340 million bill to keep the existing planes flying much longer than expected. The Wall Street Journal reports.

Boeing signed a $3.9 billion deal with the Trump administration in 2018 to replace aging 747-200Bs.. The first of the two the new planes are due to start flying at the end of 2024.

However, the project is delayed by three years due to a series of supply chain shortages, labor and some quality control issues.

In July, the Air Force said it did not expect the first plane to use the call sign Air Force One when the president boarded it to be ready until September 2027. CNN:

The first of two existing 747s, designated the VC-25, entered service in September 1990 under Air Force website, and the second in March 1991. The Air Force said the delays could hold up its flights until the 2028 presidential election, according to the Journal.

In April, at the military square War zone reported that operating aircraft costs an average of $177,843 per hour. The figures were provided by the Air Force following a Freedom of Information request and include fuel, flight consumables and aircraft and engine maintenance.

Existing planes cost $70 million more a year to operate than to replace them, according to the Journal. The potential maintenance the Air Force is considering could reportedly cost another $100 million.

Boeing declined to comment, and the US Air Force did not immediately respond to Insider’s request for comment.

The news comes after Boeing It revealed last week that it lost $766 million in the third quarter, bringing its total loss on the project to $1.9 billion..

During his time in the White House, President Trump played a close role in the negotiations on the new aircraft production deal. Under the deal, Boeing is responsible for any overruns. It requires refurbishing two Boeing 747-8i aircraft rather than building them from scratch.

The cost of the overruns was such that on an April 2022 earnings call, Boeing CEO Dave Calhoun admitted that the “unique negotiations.” had exposed the company to “a number of unique risks that Boeing probably should not have taken“.

However, he said Boeing is committed to delivering the planes.

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