Boeing CEO regrets taking on Trump’s $660m Air Force One deal - follow live

The CEO of Boeing has told a quarterly earnings call that he regrets the company taking on a deal to convert two 747s for use by the US president, a deal struck during the Trump administration that has so far cost the aerospace giant some $660m.

“Air Force One I’m just going to call a very unique moment, a very unique negotiation, a very unique set of risks that Boeing probably shouldn’t have taken,” said chief executive Dave Calhoun. “But we are where we are, and we’re going to deliver great airplanes. And we’re going to recognise the costs associated with it.”