CANCEL ORDER: US President will not use Air Force 1, here is the reason

Even before he steps into the White House, Donald Trump has already began his work. Yesterday US President-elect Donald Trump said he wants to cut government costs by cancelling the order for new planes to carry the American president.

Trump tweeted: “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!”
The government has a contract with Boeing to build two or more new planes. 

They would enter service around 2024.
Boeing shares fell more than 1% after the president-elect’s tweet, but recovered most of their losses in afternoon trading.

Mr Trump would not fly on the new planes unless he won a second term in the 2020 election.
The president-elect also announced on Tuesday that Japan’s SoftBank has agreed to invest $50bn (£39.4bn) in the US aimed at creating 50,000 new jobs.

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