The Trump administration is preparing to accept a superluxury Boeing 747-8 jumbo jet from the royal family of Qatar as a gift to be used by President Donald Trump as the new Air Force One for presidential travel until shortly before Trump leaves office, according to four sources familiar with the planning.

The $400 million gifted plane is expected to temporarily replace Air Force One and then ownership will be transferred to Trump's presidential library.

President Donald Trump said Sunday night that the Defense Department plans to accept a Boeing 747-8 jet to replace Air Force One as a “GIFT, FREE OF CHARGE.”