President Trump reaches “informal” deal with Boeing for new Air Force One planes

President Donald Trump has reached an “informal” agreement with Boeing for two new Air Force One planes — a $3.9 billion deal.

“President Trump has reached an informal deal with Boeing on a fixed price contract for the new Air Force One Program. Thanks to the President’s negotiations, the contract will save the taxpayers more than $1.4 Billion.” deputy press secretary Hogan Gidley said deputy press secretary Hogan Gidley said in a statement Tuesday.

Nicholas Kamm/AFP/Getty ImagesPresident Donald Trump in his office aboard Air Force One at Andrews Air Force Base in Maryland after he returned from Philadelphia on Jan. 26, 2017.

The White House says the original estimates for the project were over $5 billion. Those figures, however, do not seem to square with previous comments made last year by the president when he said that $4 billion was too much to pay and threatened to cancel a planned project for two new presidential planes.

A White House official maintained Tuesday that the real savings to taxpayers in the end is $1.4 billion because the $4 million estimate had since increased to be a little over $5 billion.