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Reading: Boeing’s Air Power One program may very well be delayed till 2029, or later, senior official says
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StockWaves > Global Markets > Boeing’s Air Power One program may very well be delayed till 2029, or later, senior official says
Global Markets

Boeing’s Air Power One program may very well be delayed till 2029, or later, senior official says

StockWaves By StockWaves Last updated: February 18, 2025 4 Min Read
Boeing’s Air Power One program may very well be delayed till 2029, or later, senior official says
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The motorcade of U.S. President Donald Trump is parked subsequent to a 12-year-old Boeing 747-8 that Trump was touring in West Palm Seaside, Florida, on Feb. 15, 2025.

Kevin Lamarque | Reuters

The Air Power One program could also be additional delayed till 2029 or years later, a senior administration official stated, citing provide chain points and altering necessities, after the White Home highlighted delays within the challenge over the weekend.

The delays are irritating, however not a lot will be executed to hurry supply, the official advised Reuters, noting that Boeing confronted issues getting elements since some producers had gone out of enterprise. Some necessities for the plane had additionally modified, given evolving potential threats, the official stated.

Boeing had no fast touch upon this system, referred to as VC-25B. The primary plane was slated for supply in December 2024, however Boeing has pushed its supply off till at the least 2027 or 2028 – in the direction of the tip of Trump’s second time period in workplace.

Breaking Protection in December reported that the presidential plane program confronted new delays that might push supply of the primary jet to 2029 or later.

Requested concerning the report, the administration official acknowledged the recent delays and the delay may stretch “years past” 2029. U.S. President Donald Trump has been deeply engaged with this system since his 2016 presidential marketing campaign, extracting a promise from then-Boeing CEO Dennis Muilenburg to cap this system’s value at $4 billion. These fixed-price contract phrases, questioned by analysts on the time and finalized in 2018, have value Boeing over $2 billion thus far.

Trump’s renewed engagement may sign additional issues for Boeing, whose present CEO Kelly Ortberg stated the corporate was assembly with Trump’s billionaire cost-cutting ally Elon Musk to get the airplane up to date faster, analysts stated.

“The president needs these planes sooner so we’re working with Elon to see what can we do to tug up the schedule of these packages,” Ortberg advised CNBC on Jan. 28.

Boeing leaders have stated that manufacturing has been slowed by provide chain points, excessive prices and the complexity of the planes which might be meant to be an airborne White Home.

Trump waded again into the difficulty on Saturday when he toured a 12-year-old 747-8 plane at Palm Seaside Worldwide Airport, close to his Florida trip residence, to get a greater understanding of the configuration of the 2 new presidential transport plane.

The 747-8 plane Trump toured was previously owned by Qatar however has since been rebuilt and now operates as a constitution.

“He noticed how every little thing was configured. It is a larger house,” the official stated, including that the present Air Power One plane had been comparatively small. The brand new airplane would accommodate extra folks, together with media, the official stated.

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