How Much Does a Boeing Plane Cost?

Boeing airplanes, the titans of the sky, command not just the airspace but also premium price tags that spark curiosity and sticker shock in equal measure. Whether you’re in the market for your own slice of the aviation pie or just indulging in a flight of fancy, understanding the cost of a Boeing plane is akin to unlocking a treasure chest of high-stakes finance and engineering marvel.

So, how much does it cost to own a piece of the sky courtesy of Boeing? Prices soar from $89.1 million USD, a figure that barely gets you into the cockpit of aviation investment, scaling up to a stratospheric $442.2 million USD. Within this range, the Boeing 737 MAX 8, a favorite among airlines for its balance of size and efficiency, can set you back $121.6 million USD fresh off the assembly line. Meanwhile, the Boeing 767-300F, a workhorse of the air freight sector, commands a cool $220.3 million USD for a new model.

The price variance among Boeing’s fleet is not just a matter of size or range but a complex dance of technical specifications, custom features, and the age-old economics of supply and demand. New or used, each Boeing aircraft represents a significant investment, with costs influenced by everything from the latest avionics to bespoke cabin layouts.

As we delve into the world of Boeing aircraft pricing, remember that these figures are the starting points on a journey of negotiation, customization, and financial planning. Whether you’re eyeing the efficiency of a 737 MAX 8 or the cargo capacity of a 767-300F, the dream of Boeing ownership comes with a hefty price tag—a badge of honor for those who dare to own the skies.

Key Points on Boeing Aircraft Costs

- Boeing planes range from $89 million to over $440 million for new models. Used planes can be 20-60% cheaper.
- Boeing 737-800 new costs $124 million on average.
- Boeing 787-9 Dreamliner new costs $292 million on average.
- Boeing 777-300ER new costs $375 million on average.
- Many factors impact cost like model, size, age, specifications, etc. Prices vary even within models.
- Operating costs add significantly to purchase price. Fuel, maintenance and crew salaries all factor in.

Introduction

Boeing manufactures iconic commercial jets like the 737 and 777, employing over 140,000 workers worldwide. Airlines rely on Boeing for narrowbody and widebody airliners to service global travel.

New Boeing jets range from $89 million to $440+ million depending on model, features and configurations. This guide provides an extensive breakdown of Boeing aircraft costs including:

• List prices vs real-world prices
• New vs used pricing
• Operating expenses
• Financing options

We will explore how Boeing plane prices vary across models and generations. Whether an aviation enthusiast or airline executive, this article offers key details on budgeting for new and used Boeing jets.

Boeing Plane Models

737 Max

The 737 MAX series succeeds the 737 NG as Boeing’s newest narrowbody offering. The MAX 8 has a 128 to 172 seat capacity and 3,550 nautical mile range.

It is powered by high-efficiency CFM LEAP-1B engines and includes upgraded avionics and aerodynamics. The MAX is designed for frequent short- and medium-haul flights.

747

The iconic 747 was flying for over 50 years, identifiable by its hump upper deck. The 747-8 model seats 467 in three classes with a range of 7,730 nautical miles. It featured new engines, wings and flight systems for efficiency. Despite now being discontinued, the 747 remains popular for high-volume long-haul routes.

777

Boeing’s largest twinjet, the 777 has seating from 314 to 400 in three classes. Range is 5,235 to 8,555 nautical miles depending on variant. It offers excellent fuel economy from engines like the GE90-115B. The 777’s combination of capacity, range and technology make it ideal for long distance international flights.

787 Dreamliner

The state-of-the-art 787 Dreamliner carries 240 to 335 passengers up to 7,530 nautical miles. Made from lightweight composites, it has leading fuel efficiency.

The Dreamliner features increased cabin humidity and pressure for improved comfort on long flights. Its technologically-advanced design allows new point-to-point routes.

New Boeing Plane Cost: The Pricing Details

Boeing publishes official list prices for each model and variant, though discounts are common. Here are current list prices:

737 Pricing

• 737 MAX 7: $99.7M – $105M
• 737 MAX 8: $121.6M – $129M
• 737 MAX 9: $128.9M – $135M
• 737 MAX 10: $134.9M – $142M

777 Pricing

• 777-8: $410.2M – $425M
• 777-9: $442.2M – $460M

787 Pricing

• 787-8: $248.3M – $260M
• 787-9: $292.5M – $305M
• 787-10: $338.4M – $350M

The ranges account for variability in configurations chosen by airlines. More premium configurations with more seating, range, amenities, etc. fall on the higher end of the price range for each model variant.

When looking at average sale prices, analysts estimate discounts of 40% to 60% off Boeing’s list prices are common. This puts average sale prices in the following ranges:

• 737 MAX: $60 – $100 million
• 777X: $250 – $350 million
• 787 Dreamliner: $150 – $200 million

Prices vary within families based on the specific configuration chosen by airlines, including seating, engines, range, and amenities. More premium configurations add to cost.

How Configuration Impacts Pricing

The final purchase price of a Boeing jet can vary significantly based on the custom configuration selected by each airline customer. Configuration options that impact pricing include:

Seating Capacity

More seats mean higher revenue potential but also higher weight and fuel costs. Maximum seating configurations add 5-10% to airframe price.

Range

Longer maximum range requires more fuel capacity and weight allowances. It can add $5M+ to the engine and airframe costs.

Flight Deck

Enhanced avionics and flight systems improve safety and capabilities but add $2-5M in complexity.

Passenger Comforts

Premium cabin amenities like lie-flat seating, lounges, WiFi can add $10M+ to outfitting costs.

Cargo Provisions

Configuring for more cargo pallets or containers requires fuselage reinforcements adding $5-10M.

Maintenance Programs

Additional initial spare parts, service plans, and support increase long-term costs.

Used Boeing Plane Prices

Used Boeing jets provide significant savings over new models. Discounts can range from:

• 20-30% for planes under 5 years old
• 30-40% for planes 5-10 years old
• 40-60% for planes over 10 years old

Here are current market price ranges for popular used models:

• 737-800: $20 – $60 million
• 777-300ER: $120 – $170 million
• 787-8: $75 – $110 million

Main factors impacting used pricing:

• Total flight hours and cycles – lower is better
• Overall condition – regular maintenance is key
• Avionics and cabin upgrades

When searching for used Boeings, check:

• Ascend by Cirium – aviation data and valuations
• IBA – Independent Business Aviation analysis

Proper inspection and research is critical before acquiring a used plane. But significant discounts make them attractive to airlines with tight budgets.

Operating Cost Factors

Operating expenses add significantly to the overall cost of owning Boeing jets. Key operating costs include:

Fuel Costs

Aircraft fuel consumption is measured in gallons per hour. Estimated fuel burns per hour by model:

• 737 MAX: ~2,000 gal/hour
• 777X: ~5,000 gal/hour
• 787: ~3,000 gal/hour

With jet fuel around $3/gallon, hourly fuel costs range from $6,000 to $15,000. Longer flights mean higher total fuel expenses.

Maintenance Costs

Regular maintenance is critical for flight safety and performance. Annual maintenance costs by model:

• 737 MAX: $2 – $4 million
• 777X: $5 – $8 million
• 787: $3 – $5 million

Labor, parts and service costs all factor into maintenance.

Crew Costs

Flight crew salaries depend on the airline but typically range from ~$100,000 for junior pilots to over $200,000 for seasoned captains and first officers. Long haul planes require larger crews.

Lifecycle Costs

An aircraft’s operating costs tend to increase with age as it requires more maintenance and fuel consumption decreases. Newer generation planes like the 787 offer better efficiency over lifetime.

Hidden Costs That Impact Pricing

Beyond the outright purchase price, there are a variety of external factors that can alter the costs around acquiring and operating Boeing aircraft.

Trade Policies

Import tariffs, export regulations, and trade disputes can increase costs for Boeing to source materials and components. These increased costs may be passed on to customers.

Environmental Regulations

As sustainability standards tighten, requirements for materials, emissions, and disposal can add engineering and production expenses. Boeing must balance compliance costs with competitiveness.

Political Tensions

Geopolitical instability can strain supply chains and raise uncertainty. Conflicts closing airspace can also impact aircraft demand. These political complications indirectly add risk and costs.

Fuel Prices

Volatile jet fuel prices drastically shift operating costs. Fuel hedging helps airlines manage some risk, but upside price swings ultimately impact the affordability of operating Boeing fleets.

Interest Rates

Since most purchases require financing, changes to interest rates can alter monthly payments and overall value of loans. Higher rates make financing more expensive.

In aviation, no cost is isolated. Macroeconomic, political, and regulatory factors combine to shape the real-world costs and risks around Boeing jets.

Acquisition & Financing Options

Purchasing new or used Boeing jets requires significant capital. Creative financing is often necessary.

New vs Used

New Plane Advantages

• Latest technology and features
• Good availability
• Full warranty coverage
• Lower lifetime maintenance

Used Plane Advantages

• Substantial upfront savings
• Shorter ownership commitments
• Potential for higher ROI

Financing Options

Loans

• Extended payment terms
• Requires good credit and down payment
• Allows ownership and equity

Leasing

• Lower monthly payments
• Shorter commitment
• Less responsibility for maintenance

Partnerships

• Shared ownership splits costs
• Arrangements like fractional ownership
• Reduces each partner’s financial burden

Recommended Lenders

• Citi Aviation Finance
• Boeing Capital
• Air Lease Corporation

Loans require solid business plans. Lenders evaluate credit, collateral, and cash flow.

Tax Implications

• Personal – Subject to income tax
• Business – Potential for tax deductions

Consult an aviation tax expert for maximizing incentives.

Boeing vs. Airbus Pricing

Boeing and Airbus compete closely in the large airline jet space. Here is a detailed pricing comparison. You can learn more about how much an airbus costs here.

Feature Comparison

Very comparable aircraft in terms of size, function, and capabilities.

Pricing Comparison

Airbus and Boeing list prices are similar. Discounted average prices end up comparable.

Boeing vs. Airbus Pricing Philosophies

While competing closely for market share, Boeing and Airbus have differing priorities that impact their pricing strategies.

Boeing Pricing Philosophy

Boeing focuses more on cost efficiency in its designs and production. Lower operating costs allow them to offer competitive purchase pricing. Boeing aims to provide functional, reliable jets at the best value.

Airbus Pricing Philosophy

Airbus emphasizes premium comfort, amenities, and technology in their aircraft. They pursue higher profit margins per unit rather than maximizing volume. Passenger experience drives willingness to pay higher prices.

Differentiators

Boeing configuration options focus on performance, cargo, and simplicity. Airbus promotes luxury cabin features, inflight connectivity, and customization. Boeing has greater model variety while Airbus offers larger planes.

Positioning

Boeing positions itself as reliable, pragmatic aircraft priced for value. Airbus is positioned as an innovative, sophisticated brand worth paying more for. Airlines pick based on aligning priorities.

Though competitive, differing priorities lead Boeing and Airbus to diverge on pricing. Boeing focuses on affordability while Airbus pursues high-end differentiation. This leads to very different cost structures.

Trying Out Boeing Planes

Rental Options

Many private aviation firms offer short-term rentals of various Boeing models. This allows you to fly the plane with professional support. Typical rental periods range from 1-day to 1-month.

Find out more about the pricing behind private jet hiring costs.

Demo Flights

Boeing offers demonstration flights where potential customers can experience the aircraft firsthand. These flights allow you to assess the performance, features, and comfort of different models you may be considering.

Chartering

If renting or demo flights are not possible, chartering a flight on the Boeing model you’re interested in buying can provide valuable insights. Focus on the in-flight experience.

Simulators

While not actual flights, Boeing and third-parties offer simulator experiences that provide a highly realistic environment to test fly aircraft. This can supplement real-world trials.

Evaluating planes through hands-on rental, flights, or simulations helps inform purchase decisions. Nothing compares to direct experience before spending millions on a new or used jet.

Final Thoughts

How much does a Boeing plane cost? You can expect to pay at least $89.1 million for a new aircraft, although prices on used planes vary. That’s quite the leap up from how much a Cessna 172 costs!