Updated: 07/12/16 : 07:43:42
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World :: Trump wants Air Force One orders scrapped

US President-elect Donald Trump has said he wants to cut government costs by cancelling the order for new planes to carry the American president.

Mr Trump tweeted: "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!"

The government has a contract with Boeing to build two or more new planes.

The White House appeared to cast doubt on the figures quoted by Mr Trump.

"Some of the statistics that have been cited, shall we say, don't appear to reflect the nature of the financial arrangement between Boeing and the Department of Defence," White House spokesman Josh Earnest said.

The new planes would enter service around 2024.

Boeing shares fell more than 1% after the president-elect's tweet, but recovered most of their losses in afternoon trading.

Mr Trump would not fly on the new planes unless he won a second term in the 2020 election.

He is known for his admiration of his Trump-branded Boeing 757 jet, boasting to Rolling Stone last year that his aircraft was "bigger than Air Force One, which is a step down from this in every way".

"Did you know it was featured on the Discovery Channel as the world's most luxurious jetliner?" he said at the time.

The president-elect told reporters on Tuesday at Trump Tower in New York that Boeing was "doing a little bit of a number" and the cost was "ridiculous".

"We want Boeing to make a lot of money, but not that much money," he added.