The two planes currently used as Air Force One have been flying for nearly four decades, and Trump is eager to replace them. During his first term, he displayed a model of a new jumbo jet in the Oval Office, complete with a revised paint scheme that echoed the red, white and dark blue design of his personal plane.

The luxury plane, which would be one of the most valuable gifts ever received by the U.S. government, would eventually be donated to Trump's presidential library after he leaves office.

The Trump administration plans to accept a luxury Boeing 747-8 plane as a donation from the Qatari royal family that will be upgraded to serve as Air Force One, which would make it one of the biggest foreign gifts ever received by the U.S. government, several American officials with knowledge of the matter said.