Boeing chief executive Dave Calhoun spoke of his regret at entering into a deal to modify the US presidential jet, Air Force one, which cost the company at least $1 billion in losses.
Mr Calhoun made the remarks during a call with business analysts in which he discussed a series of setbacks for the company, ranging from delays to the forthcoming 777 aircraft and intense scrutiny after two fatal crashes of the 737 Max, which entered service in 2017 but was found to have a catastrophic design flaw, which Boeing has worked to rectify.
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Air Force One with US President Barack Obama on board as he leaves after talks with European leaders on November 18, 2016 in Berlin, Germany. -
US President John F Kennedy leaves Berlin for Ireland on June 26, 1963. All photos: Getty Images -
President Barack Obama on the steps of Air Force One as he departs for Cairo, Egypt June 4, 2009 from King Khalid International Airport in Riyadh, Saudi Arabia. -
Barack Obama and his family cavalcade pass Air Force One at Jose Marti International Airport while on a 48-hour visit to Havana, Cuba, on March 20, 2016. -
American President Richard Nixon and his wife Pat arrive at London Airport (now Heathrow), aboard Air Force One – a Boeing 707 VC-137C, circa 1970. -
Ronald Reagan at his desk while flying on Air Force One. -
Air Force One arrives with President Donald Trump and Melania Trump at Helsinki International Airport on July 15, 2018. Mr Trump was visiting Finland for talks with Russian President Vladimir Putin. -
US security personnel march past Air Force One after Donald Trump and his wife Melania arrived in Beijing China, on November 8, 2017. -
Air Force One carrying the President of the United States, Donald Trump, and his wife, touches down at Glasgow Prestwick Airport on July 13, 2018. -
Air Force One at Stansted Airport on July 12, 2018 in Essex, England. The trip was Donald Trump's first visit to the UK as US president. -
A red carpet for Barack Obama as he departs after talks with European leaders on November 18, 2016 in Berlin, Germany. -
Air Force One takes off – with President George W. Bush and Laura Bush aboard – from Haneda Airport on February 19, 2002 in Tokyo, Japan. Mr Bush was on a week-long three-nation Asia tour.
“Air Force One I’m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn’t have taken,’ he said.
In 2018, the aviation giant signed a $3.9 billion contract to replace Air Force One, the technical name for any aircraft carrying the president of the US, but generally used to refer to the presidential Boeing 747.
Under Barack Obama, spiralling costs to keep the aircraft maintained led to a decision to replace the Boeing 747 VC-25 – a military version of the 747 used by the president since the Reagan administration.
Donald Trump called these costs “out of control”, but nonetheless went ahead with the plan to replace the aircraft with new, specially modified Boeing 747-8 planes.
President Trump said at the time he wanted the aircraft to appear “more American looking”, shunning the traditional light blue colour of the presidential plane, which was introduced in the 1960s.
Work began in March 2020 with a significant overhaul of the 747-8’s design, to include a new medical unit, a new presidential lounge and new secure communications technology.
Air Force One suffered from "higher supplier costs, higher costs to finalise technical requirements and schedule delays", Mr Calhoun said.
The highly sophisticated aircraft, known as the “flying White House”, is designed to keep the president and 70 other senior staff and crew safe in any eventuality, including a nuclear attack on the US mainland.
