“While the charge is disappointing, we recognize how critical schedule performance is to our customer and we are investing accordingly to maintain our commitment to deliver the airplane in 2028,” CEO Kelly Ortberg said.

Building the new generation Air Force One presidential jets has become a painful financial thorn in the side of Boeing.

Boeing took a $280 million charge on its long-delayed Air Force One program.

Boeing reported a larger-than-expected second-quarter loss on Tuesday as higher costs linked to the delayed Air Force One replacement programme weighed on its results.

Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled…