Donald Trump insists on cancellation of $4 billion Air Force One plane

Los Angeles : Citing high costs, President-elect Donald Trump on Tuesday announced in a tweet that he may cancel Boeing's order for the new Air Force One.

After announcing on social media, he spoke in the presence of reporters and conveyed his concerns: "Well, the plane is totally out of control. It's gonna be over 4 billion dollars ... and, I think it's ridiculous. I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money but not that much money."

Following Trump’s statement, Boeing issued a statement regarding the Air Force One program.

They informed that their current contract at just $170 million with more phases to come.

The statement read: "We are currently under contract for $170 million to help determine the capabilities of these complex military aircraft that serves the unique requirements of the President of the United States. We look forward to working with the US Air Force on subsequent phases of the program allowing us to deliver the best planes for the President at the best value for the American taxpayer."

Experts have also supported Trump in the issue by saying that research and development is already at $2.7 billion price for the first two years.

In fact some experts have revealed that by the time the project is complete, the cost would be approximately over $4 billion, because the government still has to buy the two aircraft once they are built.