After a deal was finally struck in February, the White House touted the negotiation as saving the American taxpayer around $1.4 billion from the original estimate. That led Boeing CEO Dennis Muilenburg to give Trump his "personal commitment" that the cost would be kept below $4 billion.
Trump said that the new Air Force One plane would still take a long time before being put into service for future presidents.
The White House said on Wednesday it had signed a $3.9 billion contract with aircraft manufacturer Boeing to purchase two Air Force Ones.
According to Boeing history, former first lady Jacqueline Kennedy picked new colours for the plane used by her husband, the late USA president John F Kennedy.
Air Force One, carrying President Trump and first lady Melania Trump, arrives in Vantaa, Finland, on July 15. (Though "Air Force One" designates the aircraft on which the President flies, it's not actually one single plane.) The new planes will be replacing a set that, according to the Department of Defense, have been in the air since 1987.
The CBS interview confirmed an earlier report by Axios, which said Trump planned to ditch the "Jackie Kennedy color" for something "more American". Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News.
The White House style icons asked for an update to their Boeing 707s red color scheme after it was branded gaudy and regal. In the CBS interview, Trump expanded on that claim, saying that he "was able to save US$1.5 billion". "It's a very complex project".
David Hagerman, who was married to Mr Loewy's daughter, said Mrs Kennedy wanted Air Force One redesigned because she considered the old livery ugly.
And if you're going to get a sweet new ride, you may as well get a flash new look to go with it.
After all, it was about time Air Force One got a makeover, he tells CBS.