After President Donald Trump’s call to cut the cost of building the next Air Force One, the U.S. Air Force is reportedly in talks to buy two undelivered Boeing (NYSE:BA) 747-8 jets for a discount.
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Military officials are wrapping up a contract with Boeing to purchase the two planes, which were never paid for by now-bankrupt Russian airline Transaero, according to Defense One. The report indicated that the Pentagon is getting a good deal on the two planes. Boeing’s website says the 747-8 wide-body jet has an average price tag of $386.8 million.
The two 747s have been held in storage at a facility in the Mojave Desert. Idle aircraft are often stored in the Mojave Desert, where the dry climate prevents rust.
“We’re still working toward a deal to provide two 747-8s to the Air Force – we’re focused on providing a great value for the Air Force and the best price for the taxpayer,” a Boeing spokesperson told FOX Business.
The U.S. Air Force didn’t immediately respond to a request for comment. A spokesperson told Defense One, which first reported on the pending deal, that the Air Force is “working through the final stages of coordination to purchase two commercial 747-8 aircraft and [expects] to award a contract soon.”
The Air Force expects to spend around $3.2 billion between 2018 and 2022 to convert two jets into the next Air Force One fleet.
Transaero ordered four 747-8 jets in 2013, and Boeing built two of them by the time the airline went bankrupt two years later. Defense One said Boeing has been searching for a buyer willing to scoop up the two jets at a discount.