The real estate tycoon shelled out $100 million to buy the jet from Microsoft co-founder Paul Allen and wouldn't say whether the jumbo business jet would have the gold-plated luxury appointments of the 727, The Palm Beach Post reported Wednesday.
"I bought a great airplane," Trump said. "It's being retrofitted and will be in service in about a month."
The Post says the plane's size will be handy for cross-country trips if Trump decides to run for president on the Republican ticket. He says he will make that decision in June.
Meanwhile, he did say the jet offers a kind of gift to his neighbors.
"It's one of the quietest airplanes there is," Trump said. "I did that for the benefit of Palm Beach."