~2020 Boeing outsourced the interior finishing work of Air Force one to a financially insolvent shell company 80% owned by the Saudi Arabian Government, GDC. GDC basically just took the money and did none of the work, lmao. Boeing got an extra $500 million of government funds out of it too when what they lost on that deal is an estimated $320 million. The whole program for delivering just two planes is ~2 billion over budget.
Allegedly the Saudi government diverted those payments for the Air Force One work to finishing their own 787-8 aircraft before dissolving GDC and abandoning the AF1 commitments, critical support for that maneuver
Super funny story too:
~2020 Boeing outsourced the interior finishing work of Air Force one to a financially insolvent shell company 80% owned by the Saudi Arabian Government, GDC. GDC basically just took the money and did none of the work, lmao. Boeing got an extra $500 million of government funds out of it too when what they lost on that deal is an estimated $320 million. The whole program for delivering just two planes is ~2 billion over budget.
Allegedly the Saudi government diverted those payments for the Air Force One work to finishing their own 787-8 aircraft before dissolving GDC and abandoning the AF1 commitments, critical support for that maneuver