Trump administration formally accepts gift jet from Qatar

Trump administration formally accepts gift jet from Qatar


A Boeing 747 sits on the tarmac of Palm Beach International Airport after President Donald Trump toured the aircraft, Feb. 15, 2025.

Roberto Schmidt | Afp | Getty Images

The Trump administration has formally accepted a Boeing 747 jet that was gifted to the U.S. by the government of Qatar, the Pentagon said Wednesday.

Defense Secretary Pete Hegseth accepted the luxury plane “in accordance with all federal rules and regulations,” Pentagon spokesman Sean Parnell said in a statement to CNBC.

The Department of Defense will work to ensure that the jet, which President Donald Trump wants to use as the new Air Force One, fulfills “proper security measures and functional-mission requirements,” Parnell said.

The announcement cements the U.S. government’s intention to take the plane, despite experts’ warnings and Democrats’ accusations of bribery.

At the White House on Wednesday, Trump called the gift “a great thing” and said Qatar handed over the plane “so they could help us out.”

Boeing has spent years working to convert two 747s into the next Air Force Ones in a deal struck during Trump’s first term as president. But the project is years behind schedule, and the planes may not be ready before the end of Trump’s second term.

Trump administration officials earlier this year said the president was frustrated with that pace and considering alternatives. “Boeing’s a little late, unfortunately,” Trump said Wednesday.

But it is far from clear if the 13-year-old Qatari jet, which has been valued at $400 million, could truly offer a quick fix.

Experts have said that converting that jet into an Air Force One could cost taxpayers over $1 billion and take years to complete.

Qatar’s gift has also raised swells of anger from Democrats and other critics, some of whom have condemned the exchange as an effective bribe of a U.S. president. Even some Republicans have raised concerns about the potential national security risks and other issues surrounding the gift.

“The transaction strikes me as being rife with political espionage, ethical and constitutional problems,” Sen. Susan Collins, R-Maine, said last week.

But Trump has repeatedly defended accepting the donation, saying it would be “stupid” not to accept a free jet and insisting that it is going to the U.S. government, “not to me.”

Boeing CEO Kelly Ortberg told analysts his company’s latest quarterly earnings call that “we continue to work with the customer to revise the program plan to allow for an earlier first delivery while maintaining our focus on safety and quality.”

CNBC’s Leslie Josephs contributed to this report.



Source

Buying chip stocks is getting pricey. Traders don’t care
World

Buying chip stocks is getting pricey. Traders don’t care

Intel Xeon 6 processors are shown to CNBC at Intel’s advanced packaging facility in Chandler, Arizona, on November 17, 2025. Tony Puyol Semiconductors are a runaway train — up 17 of the past 18 sessions — and options traders are buying increasingly expensive call options to chase the rally higher. The VanEck Semiconductor ETF (SMH) […]

Read More
Intel’s stock soars more than 20% as chipmaker shows signs of a turnaround
World

Intel’s stock soars more than 20% as chipmaker shows signs of a turnaround

The Intel logo is displayed on a sign in front of Intel headquarters on Jan. 22, 2026 in Santa Clara, California. Justin Sullivan | Getty Images Intel shares soared more than 20% on Friday as investors cheered signs of renewed growth due to mounting artificial intelligence demand. The stock was up 22% as of early […]

Read More
Google to invest up to  billion in Anthropic as search giant spreads its AI bets
World

Google to invest up to $40 billion in Anthropic as search giant spreads its AI bets

Anthropic co-founder and CEO Dario Amodei speaks on an artificial intelligence panel during Inbound 2025 Powered by HubSpot at Moscone Center on in San Francisco, Sept. 4, 2025. Chance Yeh | Getty Images Entertainment | Getty Images Google plans to invest up to $40 billion in Anthropic, the companies confirmed on Friday, as tech giants […]

Read More