The Trump administration said it has reached an initial deal with Boeing Co. to buy and convert two jumbo jets to replace the aging planes that fly as Air Force One. The informal agreement for the heavily modified 747s would save $1.4 billion from the original estimate, according to administration officials, and the total cost would be capped at $3.9 billion. The Air Force One deal would take the planned spending on new presidential aircraft and helicopters to $9 billion over the next five years, based on Tuesday’s announcement...

Source: Wall Street Journal February 27, 2018 18:45 UTC