Trump sends Boeing shares plunging after ‘cancelling’ Air Force One order
AEROSPACE giant Boeing saw its shares plunge in pre-market trading on Tuesday, after President-elect Donald Trump threatened to cancel an order for a new Air Force One airplane from the company amid a row over costs.
By LANA CLEMENTS
Express.co.uk
Tue, Dec 6, 2016
Mr Trump said the manufacturing firm has quoted more than $4billion to build a brand new plane, which would be used by future presidents’ travel.
The incoming leader said the costs were out of control and that he would cancel the order.
Stock in the firm subsequently fell by more than one per cent ahead of market opening in the US.
The president elect took to twitter to write: “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!”
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