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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.
Boeings are expensive! The cost of any type of aircraft is always worth considering when you are trying to discern what kind of plane you want to buy or merely need more information.
How much does a Boeing plane cost? Boeing planes have costs ranging between $89.1 million USD and $442.2 million USD. The price of a Boeing airplane depends on the specific model, its technical specifications, and whether it is new or used. For example, the Boeing 737 MAX 8 costs $121.6 million if purchased new, while the 767-300F model costs around $220.3 million new.
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
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.
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.
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.
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 MAX 7: $99.7M – $105M
- 737 MAX 8: $121.6M – $129M
- 737 MAX 9: $128.9M – $135M
- 737 MAX 10: $134.9M – $142M
- 777-8: $410.2M – $425M
- 777-9: $442.2M – $460M
- 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:
More seats mean higher revenue potential but also higher weight and fuel costs. Maximum seating configurations add 5-10% to airframe price.
Longer maximum range requires more fuel capacity and weight allowances. It can add $5M+ to the engine and airframe costs.
Enhanced avionics and flight systems improve safety and capabilities but add $2-5M in complexity.
Premium cabin amenities like lie-flat seating, lounges, WiFi can add $10M+ to outfitting costs.
Configuring for more cargo pallets or containers requires fuselage reinforcements adding $5-10M.
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:
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:
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.
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.
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.
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.
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.
As sustainability standards tighten, requirements for materials, emissions, and disposal can add engineering and production expenses. Boeing must balance compliance costs with competitiveness.
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.
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.
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
- Extended payment terms
- Requires good credit and down payment
- Allows ownership and equity
- Lower monthly payments
- Shorter commitment
- Less responsibility for maintenance
- Shared ownership splits costs
- Arrangements like fractional ownership
- Reduces each partner’s financial burden
- Citi Aviation Finance
- Boeing Capital
- Air Lease Corporation
Loans require solid business plans. Lenders evaluate credit, collateral, and cash flow.
- 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.
|Boeing 737 MAX||143-204||3,550 nm||117 ft 10 in||CFM LEAP-1B|
|Airbus A320neo||150-186||3,350 nm||111 ft||Pratt & Whitney PW1000G|
|Boeing 777X||365-425||7,285 nm||235 ft 5 in||GE9X|
|Airbus A350||325-366||8,000 nm||212 ft 5 in||Rolls-Royce Trent XWB|
|Boeing 787 Dreamliner||240-335||7,530 nm||197 ft 3 in||GEnx or Rolls-Royce Trent 1000|
|Airbus A330neo||257-287||6,550 nm||197 ft 10 in||Rolls-Royce Trent 7000|
Very comparable aircraft in terms of size, function, and capabilities.
|Plane||List Price||Est. Average Price|
|Boeing 737 MAX||$99.7M – $134.9M||$80M – $120M|
|Airbus A320neo||$101.5M – $133M||$90M – $130M|
|Boeing 777X||$410.2M – $442.2M||$280M – $350M|
|Airbus A350||$366.5M – $445.6M||$280M – $320M|
|Boeing 787||$248.3M – $338.4M||$160M – $220M|
|Airbus A330neo||$238.5M – $296.4M||$170M – $240M|
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.
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.
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
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.
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.
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.
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.
Key Takeaways and Recommendations
- New Boeing jets range from ~$80M for a 737 up to ~$350M for a 777X. Used planes offer 20-60% discounts.
- Operating costs add ~$2,500-$15,000 per flight hour for fuel, maintenance, crew.
- Compare models and variants closely – pricing scales with size and features.
- Weigh benefits of new vs used carefully based on budget.
- Explore creative financing options – loans, leases, partnerships.
- Determine required range, capacity and uses
- Calculate projected operating costs
- Research price ranges for models in budget
- Compare new and used pricing
- Find reputable financing partners
- Narrow down 1-2 optimal models
- Solicit quotes from Boeing and leasing companies
- Submit financing applications
- Negotiate best pricing and terms
- Conduct inspections and due diligence
- Finalize transaction and acquisition
With rigorous research and financial planning, Boeing jets can be within reach. Leverage available resources to make the smart choice.
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!