The Pentagon officially took control of a Boeing 747-8 jet “gifted” by Qatar to President Donald Trump, though legal questions remain unresolved, according to Benzinga. According to The Hill, Doha is requesting a formal memorandum clarifying that the arrangement was initiated by the Trump administration and absolving Qatar of future ownership obligations. Insiders say Trump’s envoy Steve Witkoff sought planes early in the term, contradicting claims the offer was unsolicited. Lawmakers have raised concerns that transferring the jet to Trump’s presidential library could grant him personal access to a highly modified aircraft. The aircraft reportedly needs $1.5 billion in modifications and $500 million for eventual decommissioning.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Pentagon officially took control of a Boeing 747-8 jet gifted by Cutter to President Donald
00:07Trump, but legal questions remain unresolved, according to Benzinga. According to The Hill,
00:12Doha is requesting a formal memorandum clarifying that the arrangement was initiated by the Trump
00:16administration and absolving Cutter of future ownership obligations. Insiders say Trump's
00:21envoy, Steve Whitcoff, sought planes early in the term, contradicting claims the offer
00:25was unsolicited. Lawmakers have raised concerns of transferring a jet to Trump's presidential
00:30library to grant him personal access to a highly modified aircraft. Aircraft Quarterly needs
00:35$1.5 billion of modifications and $500 million for eventual decommissioning.
00:40For all things money, visit Benzinga.com slash GSTV.