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August 16, Wednesday 2017 7:00 PM       

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       BUSINESS Next Article: Forex reserves surge to record $392.86 bn  
       Air Force signs contract for 2 presidential aircraft
 
         Posted on :23:42:20 Aug 5, 2017
   
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       Last edited on:23:42:20 Aug 5, 2017
         Tags: Air Force signs contract for 2 presidential a
 
Washington: The Air Force, which has been looking for ways to lower the cost of new Air Force One planes, has agreed to buy two jumbo jets from Boeing that were ordered but never delivered to a now-defunct Russian airline.
 
The Air Force says it awarded the contract yesterday.
 
Two people close to the matter confirmed earlier this week that the Air Force and Boeing were in talks about the two planes that were still in the company's inventory. They spoke anonymously because the deal hadn't been publicly announced.
 
President Donald Trump has complained about the high cost of new presidential planes.
 
Boeing's website lists the current price for a Boeing 747-8 as USD 386.8 million. Modifications to accommodate security, communications and other presidential requirements would increase the final price.
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       BUSINESS
Next Article: Forex reserves surge to record $392.86 bn
 
 
BUSINESS HEADLINES
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
Sensex, Nifty snap 5-week winning streak on profit-booking  
200 Indian business reps see great investment opportunities in Kazakhstan  
FICCI for substantial slash in policy rates by RBI  
Kochi Shipyard makes strong market debut after $225 million IPO  
Gold tops Rs 30,000-mark, spurred by safe haven appeal  
Govt has not written off single rupee of corporate loans: FM  
Sensex losses mount on global sell-off, dives 336 pts  
Def Min wants non-lapsable capital fund; writes to finance min  
Parijat Industries builds war chest of international trademarks in 45 countries  
Sensex closes at 1-mth low, hit by losses for 4th day  
Rupee wobbles on global tensions, dives 21 paise to 63.84  
Denial of benefit over lack of Aadhaar is breach of norms  
Nifty ends below 10,000, drops 79 pts  
CBDT highlights 25 per cent surge in filing of IT returns  
Sensex firms up 61 points on fund inflows  
Chabahar Port a gateway to golden opportunities: Gadkari  
Sexual abuse data begins to come out of corporate closets  
FICCI welcomes appointment of Rajiv Kumar, new VC of NITI Aayog  
India hopeful of making Chabahar port operational by 2018  
Air Force signs contract for 2 presidential aircraft  
Forex reserves surge to record $392.86 bn  
 
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