No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, November 14, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

The jet Qatar gave Trump is valued around $400 million. It might cost taxpayers $1 billion just to upgrade it to presidential standards

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 3 mins read
A A
The jet Qatar gave Trump is valued around 0 million. It might cost taxpayers  billion just to upgrade it to presidential standards
Share on FacebookShare on TwitterShare on LInkedIn




The Boeing 747 Qatar donated to the Air Force One fleet costs roughly $400 million when new, but outfitting the jet to fit presidential requirements may cost up to $1 billion, according to experts. The Qataris have had trouble trying to sell the aircraft as 747s have fallen out of popularity within the aviation industry and are no longer manufactured. 

While President Donald Trump flaunts his $400 million Qatari airplane, touted to be the newest member of the Air Force One fleet, experts say it could cost $1 billion just to bring the jet up to presidential standards. 

In addition to ethical concerns over the Qatari-owned Boeing 747 becoming the largest foreign gift ever received by the U.S. government, Sen. Tammy Duckworth said the jet could also cost up to 10 figures in taxpayer dollars to operate within the Air Force One fleet. 

“Far from saving money, this unconstitutional action will not only cost our nation its dignity, but it will force taxpayers to waste over a billion dollars to overhaul this particular aircraft, when we currently have not one, but two fully operational and fully capable Air Force One aircraft,” the Illinois Democrat said in a statement to multiple outlets.

One expert puts that figure higher: Richard Aboulafia, a managing director at aviation consulting firm AeroDynamic Advisory, said converting the aircraft into an Air Force One jet would cost billions and take years. 

“You’re taking a 747, disassembling it, reassembling it, and then jacking it up to a very high level,” Aboulafia told NBC News.

In order to secure the jet for presidential use, it would have to be examined for any listening devices and outfitted with communications equipment and missile defense systems. These costs would accumulate at least $1 billion, current and former Pentagon officials told The New York Times.

White House officials have said the government is looking into partnering with government contractor L3Harris to maintain the jet, the Times reported. The cost of the reported deal has not been public. 

L3Harris declined Fortune’s request for comment.

As the jet’s upgrades will take a couple years, the government has already paid Boeing for two new Air Force One jets projected to be completed by 2027. 

“That’s a better dollar value than trying to take an airplane from somebody else and trying to make it into a presidential plane. It makes no sense,” Marc Foulkrod, an aerospace engineer who had tried to help Doha sell the jet, told The New York Times.

Meanwhile, the price tag for a crew on a traditional Air Force One jet reaches more than $37 million annually, while the total operating cost sits at roughly $134 million per year, according to Pentagon documents.

A White House spokesperson said, “It has been stated time and time and time and time again this was donated as a gift to the DoD and the Air Force” and referred Fortune to the DoD for further comment. The DoD declined to comment.

Prior to offering the jet to the U.S., the Qataris had been unsuccessful in finding a suitor for the Boeing 747. Foulkrod said while the plane is in great condition, it’s hard to find a buyer for a VIP styled-aircraft. 

“You might find that one-off guy that has a super ego that wants to buy one and ride around in it,” Foulkrod said.

Commercial airlines lacked interest in the jet because 747s are no longer manufactured and are falling out of popularity among the aviation industry, and the jet was too lavishly outfitted to be suitable for commercial use.

This story was originally featured on Fortune.com



Source link

Tags: BillionCostgavejetMillionpresidentialQatarstandardsTaxpayersTrumpUpgradevalued
ShareTweetShare
Previous Post

Asked on Reddit: How to Stop Obsessing About Money

Next Post

U.S. Mint Places Final Penny Order As Production Winds Down

Related Posts

edit post
Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

by TheAdviserMagazine
November 14, 2025
0

President Donald Trump moved aggressively to deflect scrutiny on Friday after a new batch of Jeffrey Epstein’s private emails —...

edit post
Sonova Holding AG reports 1H results

Sonova Holding AG reports 1H results

by TheAdviserMagazine
November 14, 2025
0

Sonova Holding AG press release (OTCPK:SONVF): 1H sales reached CHF 1,815.4 million. Normalized EBITA rose by 16.0%, reaching CHF 316.1...

edit post
Wheat product export ban likely to be eased after good harvest

Wheat product export ban likely to be eased after good harvest

by TheAdviserMagazine
November 14, 2025
0

Pune: The Ministry of Consumer Affairs, Food and Public Distribution has initiated moves for lifting restrictions on exports of wheat...

edit post
Crypto market plunges as Bitcoin falls below ,000

Crypto market plunges as Bitcoin falls below $97,000

by TheAdviserMagazine
November 14, 2025
0

When Bitcoin dipped under $100,000 early last week, some in the crypto world thought it couldn’t get any worse. It...

edit post
JPMorgan Says Michael Burry Is Dead Wrong About AI

JPMorgan Says Michael Burry Is Dead Wrong About AI

by TheAdviserMagazine
November 14, 2025
0

mayam_studio / Shutterstock.com JPMorgan Chase (JPM) projects the global AI ecosystem needs $650B in annual revenue for a 10% return...

edit post
BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885

BlackBuck gets Buy rating as Ambit sees strong growth ahead, values stock at Rs 885

by TheAdviserMagazine
November 14, 2025
0

Brokerage Ambit Capital has initiated coverage on Zinka Logistics, the parent company of BlackBuck, with a Buy rating and a...

Next Post
edit post
U.S. Mint Places Final Penny Order As Production Winds Down

U.S. Mint Places Final Penny Order As Production Winds Down

edit post
Findings From Forrester’s Q1 2025 State Of B2B Events Survey

Findings From Forrester's Q1 2025 State Of B2B Events Survey

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

0
edit post
How to Dissolve Your LLC The Right Way |

How to Dissolve Your LLC The Right Way |

0
edit post
Coffee Break: Unstable Climate-Unstable Economy, Gambling and the Decline of Sport, the Last of the Great Men of Molecular Biology, and SNAP

Coffee Break: Unstable Climate-Unstable Economy, Gambling and the Decline of Sport, the Last of the Great Men of Molecular Biology, and SNAP

0
edit post
Rate Cut or Hold? Key levels to Watch

Rate Cut or Hold? Key levels to Watch

0
edit post
Huge News For Your Brain

Huge News For Your Brain

0
edit post
Cisco (CSCO) reports higher Q1 revenue and earnings; results beat estimates

Cisco (CSCO) reports higher Q1 revenue and earnings; results beat estimates

0
edit post
Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman

November 14, 2025
edit post
Rights groups claims 2700 NYPD documents disclosed from lawsuit reveal ‘surveillance abuses’ – JURIST

Rights groups claims 2700 NYPD documents disclosed from lawsuit reveal ‘surveillance abuses’ – JURIST

November 14, 2025
edit post
Huge News For Your Brain

Huge News For Your Brain

November 14, 2025
edit post
Sonova Holding AG reports 1H results

Sonova Holding AG reports 1H results

November 14, 2025
edit post
Wheat product export ban likely to be eased after good harvest

Wheat product export ban likely to be eased after good harvest

November 14, 2025
edit post
Coffee Break: Unstable Climate-Unstable Economy, Gambling and the Decline of Sport, the Last of the Great Men of Molecular Biology, and SNAP

Coffee Break: Unstable Climate-Unstable Economy, Gambling and the Decline of Sport, the Last of the Great Men of Molecular Biology, and SNAP

November 14, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump responds to appearance in new Epstein emails by pushing DOJ probe of Clinton, Larry Summers, Reid Hoffman
  • Rights groups claims 2700 NYPD documents disclosed from lawsuit reveal ‘surveillance abuses’ – JURIST
  • Huge News For Your Brain
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.