Per Free Market Shooter via Zero Hedge,
The designation/callsign “Air Force One” has been around since around the time of WWII, with FDR being the first president to fly while in office. Since 1943, with only a couple exceptions, the Air Force has been flying custom versions of Boeing commercial airliners for the presidential flight mission. Most recently replaced in 1990, the president currently flies in a modified 747 with the military designation “VC-25”; two copies were produced for a cost of $325 million apiece, and the callsign “Air Force One” is only used when the president is onboard.
Even though it is still extremely advanced, Air Force One is due for a replacement. Currently, the operating cost for each VC-25 is $210,877 per hour; an extremely high figure, likely because of the dated nature and high maintenance costs of both the airframe and the avionics suite.
However, with a total program cost estimated to be around $4 billion dollars, Boeing is clearly gouging the taxpayer. The newest derivative of Air Force One will end up being over six times as expensive as the last one, which was built on the same airframe. I guess Boeing just thought the higher price tag was going to slip through the cracks of a bloated DoD budget? …
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