This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/world-us-canada-38221579

The article has changed 10 times. There is an RSS feed of changes available.

Version 3 Version 4
Trump says Air Force One Boeing order should be cancelled Trump says Air Force One Boeing order should be cancelled
(about 3 hours later)
US President-elect Donald Trump has said he wants to cut government costs by cancelling the order for new planes to carry the American president.US President-elect Donald Trump has said he wants to cut government costs by cancelling the order for new planes to carry the American president.
Six weeks ahead of taking office, he 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!"Six weeks ahead of taking office, he 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.The government has a contract with Boeing to build two or more new planes.
They would enter service around 2024.They would enter service around 2024.
Boeing shares fell more than 1% after the president-elect's tweet. Boeing shares fell more than 1% after the president-elect's tweet, but recovered most of their losses in afternoon trading.
Boeing, Trump and his chaos theoryBoeing, Trump and his chaos theory
Trump: A list of potential conflicts of interestTrump: A list of potential conflicts of interest
Trump tariff plan faces Republican blockTrump tariff plan faces Republican block
Mr Trump would not fly on the new planes unless he won a second term in the 2020 US election. Trump's Irish wall plans withdrawn
But the US Air Force has urged a faster schedule, saying the current jets are becoming too expensive to repair. 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.
Mr Trump revealed the plan after meeting with SoftBank CEO Masayoshi Son at Trump Tower.
"Masa said he would never do this had we (Trump) not won the election!" he tweeted.
In other developments:In other developments:
'Could cost more' - Zoe Thomas, BBC New York business correspondent'Could cost more' - Zoe Thomas, BBC New York business correspondent
As president and commander-in-chief, Donald Trump will have the power to cancel the contract with Boeing for the new planes.As president and commander-in-chief, Donald Trump will have the power to cancel the contract with Boeing for the new planes.
But if he does, it could cost the US taxpayer even more as the new president tries to save money. The US government has already signed a contract with Boeing for $170m (£134m; €158m). Additional funding has also been earmarked for the two new planes.But if he does, it could cost the US taxpayer even more as the new president tries to save money. The US government has already signed a contract with Boeing for $170m (£134m; €158m). Additional funding has also been earmarked for the two new planes.
The Government Accountability Office - an independent government auditor - estimates the final cost will be $3.2bn. The planes are still in early design phases, though - much of the money has yet to be spent and has not had a chance to overrun the cost estimates.The Government Accountability Office - an independent government auditor - estimates the final cost will be $3.2bn. The planes are still in early design phases, though - much of the money has yet to be spent and has not had a chance to overrun the cost estimates.
Negotiation between Boeing and the US government could cut some of the costs, but if Mr Trump pulls out of the Boeing contract entirely the country may lose the money it is already contracted to pay.Negotiation between Boeing and the US government could cut some of the costs, but if Mr Trump pulls out of the Boeing contract entirely the country may lose the money it is already contracted to pay.
Mr Trump now uses his own plane, but as president he would travel aboard Air Force One, which is equipped with special safety, defensive and communications equipment.Mr Trump now uses his own plane, but as president he would travel aboard Air Force One, which is equipped with special safety, defensive and communications equipment.
He later told reporters at Trump Tower in New York that Boeing was "doing a little bit of a number" and the cost was "ridiculous". He is known for his admiration of his Trump-branded Boeing 757 jet, boasting to Rolling Stone last year that his aircraft was "bigger than Air Force One, which is a step down from this in every way".
"Did you know it was featured on the Discovery Channel as the world's most luxurious jetliner?" he said at the time.
The president-elect told reporters on Tuesday at Trump Tower in New York that Boeing was "doing a little bit of a number" and the cost was "ridiculous".
"We want Boeing to make a lot of money, but not that much money," he added."We want Boeing to make a lot of money, but not that much money," he added.
The US Air Force released a statement saying it had budgeted $2.7bn for the project, "but expects this number to change as the program matures with the completion of the risk reduction activities".
The White House said it was not clear where Mr Trump got the $4bn figure he cited to replace the Air Force One plane.
"Some of the statistics that have been cited, shall we say, don't appear to reflect the nature of the financial arrangement between Boeing and the Department of Defense," said spokesman Josh Earnest.
The Government Accountability Office estimates that the project's overall cost will be $3.2bn, a figure that is expected to rise.The Government Accountability Office estimates that the project's overall cost will be $3.2bn, a figure that is expected to rise.
Boeing spokesman Todd Blecher, in a statement, said: "We are currently under contract for $170m to help determine the capabilities of these complex military aircraft that serve the unique requirements of the president of the United States.Boeing spokesman Todd Blecher, in a statement, said: "We are currently under contract for $170m to help determine the capabilities of these complex military aircraft that serve the unique requirements of the president of the United States.
"We look forward to working with the US Air Force on subsequent phases of the programme, allowing us to deliver the best planes for the president at the best value for the American taxpayer.""We look forward to working with the US Air Force on subsequent phases of the programme, allowing us to deliver the best planes for the president at the best value for the American taxpayer."