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Mexican President Andrés Manuel López Obradors sells “too lavish” Dreamliner 787

Dal Kikin
December 25, 2018

Mexican President Andrés Manuel López Obrador should not expect a juicy gain from his decision to sell the Boeing Co. 787 Dreamliner that he has transported to his predecessor since 2016. 

It is likely that the VVIP aircraft (referred to as "very important person") generates a multimillion-dollar loss in the secondary 787 custom market, which has not yet been tested, according to an analysis conducted by Flight Ascend Consultancy. According to that report, Mexico will probably get about US $ 76 million less than what it paid, at best.

The aircraft will be sent to a parking lot in California, until a suitable buyer is found, Finance Minister Carlos Urzua and Banobras Development Bank Director Jorge Mendoza told reporters.

 "Taking a plane to the market can be very difficult, it could take a long time and it would have to offer a significant discount to facilitate the sale," said Daniel Hall, senior analyst at Flight Ascend and author of the report. Lopez Obrador said the plane, which cost US $ 218.7 million, was too luxurious for the leader of Mexico, where millions of people live in poverty. The president opened the aircraft to the media during the weekend, offering Mexicans an inside view of his luxurious seats, dark panels and splendid rooms.

Lopez Obrador said that the plane, which costs more than $ 200 million, is a senseless ostentatious luxury. It is more expensive than the Air Force One, which the US president is flying around the world, and "too smart" for the president of Mexico.

How much is planned to sell the Mexican "board number 1" is still unknown. In addition, according to the head of the Ministry of Finance of the country, another 60 airplanes and 70 helicopters will be put up for sale by the government.

Earlier, on the day of the inauguration of Andres Manuel Lopez Obrador, the official residence of 14 Mexican presidents of Los Pinos, located in Mexico City, was opened to visitors. The president himself said that he intends to lead a more modest lifestyle.