Lufthansa Lands $400 Million Windfall 747 Sale to US Air Force

Deutsche Lufthansa AG is getting a $400 million holiday bonus from an aircraft that’s long been out of favor — the venerable 747, two of which it is selling to the US Air Force to support a new presidential jet.

The $400 million price tag is well above market value for the hump-backed aircraft, according to the Cirium Ascend Consultancy, which says the each plane would most likely sell for $75 million to $100 million. In 2022, when production of the jet halted, Boeing sold each 747-8 for a list price of about $400 million.