What does it cost for a Boeing 737 MAX?
The 737 MAX family includes the 737-8, a smaller 737 MAX 7 (737-7, list price $92.2 million), the 737 MAX 200 (list price $115.4 million), the 737 MAX 9 (737-9, list price $119.2 million) and the still-to-be-formally-announced 737 MAX 10 (737-10). The 737 is among the best-selling commercial aircraft of all time.
How much will the 737 MAX crisis cost Boeing?
The crisis with Boeing's 737 Max planes has already cost the company at least $1 billion this year — and the company has said it can't predict how much worse the financial impacts of the scandal will be.
How much does it cost to rent a Boeing 737?
The average hourly rental rate of the Boeing 737-800 is around 21,050 USD per hour. Bag. Capacity One of the latest in the extensive line of the Boeing 737 product line, the Boeing 737-800 is the result of the attempt to fill the gap left by the discontinuance of the McDonnell Douglas MD-90.
Are there problems with the Boeing 737 MAX?
The 737 MAX suffered a recurring failure in the Maneuvering Characteristics Augmentation System (MCAS) causing two fatal accidents, Lion Air Flight 610 and Ethiopian Airlines Flight 302, in which a total of 346 people died. It was subsequently grounded worldwide from March 2019 to November 2020.
How much is a Boeing 737 Max cost?
Register now for FREE unlimited access to Reuters.com FARNBOROUGH, England July 18 (Reuters) - Delta Air Lines (DAL. N) will buy 100 Boeing (BA. N) 737 MAX 10 jets worth about $13.5 billion at list prices and has options to buy another 30, the U.S. carrier said on Monday.
How much does a new Boeing 737 cost?
The Boeing 737-700, listed at an average price of just under 90 million U.S. dollars, is among the least expensive models, while the Boeing 777-9, priced at 442 million U.S. dollars, is among the most expensive ones on Boeing's price list.
How much is a 737 MAX 8 cost?
$121.6 millionIn 2019, Moody's had estimated Boeing's operating margin to be US$12–15 million for each 737 MAX 8 at its list price of $121.6 million, although the list price is usually discounted 50–55% in practice.
How much does a used Boeing 737 cost?
Depending on numerous factors, the average price for a pre-owned BOEING 737-300 is $1,250,000.00. A $625,000.00 loan over 120 months including $2604.17 per month in interest equates to a $31,339.82 per-period payment.
How much is jet fuel per gallon?
Worldwide, the average price of jet fuel is about $4.15 per gallon, or about 149 percent more than a year ago, according to the International Air Transport Association (IATA).
What is the lifespan of a Boeing 737?
Boeing and Airbus, the two biggest commercial aircraft manufacturers in the world, build their planes to last for over 40 years but again not all of them last that long. Their longevity entirely depends on an airline's ability to keep them “well-oiled”, replacing parts at the right time and not flogging them.
How many 737 MAX are flying now?
"There are now over 630 737 MAX aircraft in service with about 45 airlines. (...) Since December 2020, the fleet has accumulated over 1.5 million flight hours in revenue service, accumulated over about 600,000 revenue departures: that's over two hours per flight in terms of average length."
Is Boeing 737 Max still flying?
581 active Boeing 737 MAXs Of course, no carrier currently uses the MAX 7 or MAX 10 as both variants are still undergoing certification. While Southwest has more MAXs than any other carrier, United remains king when it comes to the -9 with 30 of the type.
How many 737 Max crashes have there been?
The 737 Max had just been in service for less than two years when it was grounded worldwide in March 2019, after two crashes that killed 346 people.
How much does a 737 cost per hour?
By contrast, an average flight on an American Airlines 737-800, which can hold 160-175 passengers and has a range of about 2,900 miles, costs $2,180 per hour.
What is the least expensive airplane?
If you're wanting to dip your toes into the “owning your own plane” industry and your single biggest concern is the cost of the aircraft, then the obvious choice is the Cessna 150. As the most affordable plane on this list, the Cessna 150 can typically be found for around $14,000 to $16,000.
How much does it cost to fuel a 747?
The cost to fuel a plane largely depends on local fuel prices and the supply of crude oil. Going by averages, it would cost between $170,000-$200,000 to fuel a Boeing 747-8.
How much does 737-800 cost?
The Boeing 737-800 is one of the most popular choices for passenger transport on the market today priced in at 82 million dollars.
How much does a new Boeing 747 cost?
COST. Today, the newest model of the 747, the 747-8, is on sale from Boeing for $386.8 million US. But if you are interested in buying a second hand 747-200, prices vary widely.
How much does a 737 cost per hour?
By contrast, an average flight on an American Airlines 737-800, which can hold 160-175 passengers and has a range of about 2,900 miles, costs $2,180 per hour.
How much does a Boeing 737 engine cost?
Aircraft PricingAircraft modelEngineNew PriceBoeing 737-700Pratt & Whitney, GE$89.1MBoeing 737-800Pratt & Whitney, GE, ROLLS-ROYCE$106.1MBoeing 737-900ERPratt & Whitney, GE$112.6MBoeing 747-400Pratt & Whitney, GE, ROLLS-ROYCE35 more rows
How much does a 737 MAX 7 cost?
According to Boeing’s price list, the 737 MAX 7 (737-7) has a list price of $99.7 million , will carry a maximum of 172 passengers (standard 2-class capacity of 138 to 153) and has a flight range of 3,850 nautical miles (nm). This version of the 737 MAX remains in development.
What is a 737 MAX?
Boeing’s 737 MAX family is the company’s bread-and-butter plane. Orders for the plane top 5,000, and 350 of the 737-8 models have been delivered to customers since Lion Air received the first one in May 2017.
How many seats does the Boeing 737 Max have?
There are four members of Boeing’s 737 MAX family, with maximum seating ranging from 172 to 230. All are powered by a LEAP-1B engine from CFM International, a joint venture of General Electric and French engine-maker Safran.
How many people died in the 737 MAX 8 crash?
Paul Ausick. Two fatal crashes in less than five months that have killed a total of 346 people have raised some serious questions about the safety of the 737 MAX 8 (737-8), the most popular member of Boeing’s 737 MAX family.
How many 737-8s did Ryanair order?
Ryanair’s order for 135 737-8-200s is the third largest order from any carrier, and FlyDubai has ordered 131 of the planes. American Airlines has ordered 100 of the planes. More than 40 airlines worldwide fly the 737-8. 24/7 Wall St.
When will the 737-10 be released?
The first 737-10 is on-track for delivery in 2020. Boeing also offers a 737 MAX 200 (737-8-200) aircraft at a list price of $124.8 million. This version is a 737-8 modified to seat 210 passengers for Europe’s Ryanair, which has ordered 135 of the planes.
Which countries have grounded 737-8s?
Regulators in Et hiopia, Indonesia and China have grounded 737-8s belonging to their country’s fleets while the causes of the accidents are investigated. The AP reported Monday morning that the Ethiopian Airlines plane’s flight recorders have been found but that one of the recorders was damaged. Boeing’s 737 MAX family is ...
What is the 737 MAX?
The 737 MAX is a fourth-generation Boeing 737, re-engined with CFM LEAP-1B turbofans. The Boeing 737 MAX is the fourth generation of the Boeing 737, a narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA). It succeeds the Boeing 737 Next Generation (NG) and competes with the Airbus A320neo family .
How much did Boeing pay for the 737 MAX crash?
After being charged with fraud in connection of both crashes of the 737 MAX, Boeing settled to pay over $2.5 billion : a criminal monetary penalty of $243.6 million (10%), $1.77 billion of damages to airline customers (70%), and a $500 million crash-victim beneficiaries fund (20%).
How many seats does the Boeing 737 Max have?
The 737 MAX series has been offered in four variants, offering 138 to 204 seats in typical two-class configuration and a 3,215 to 3,825 nmi (5,954 to 7,084 km) range. The 737 MAX 7, MAX 8 (including the denser, 200–seat MAX 200), and MAX 9 are intended to replace the 737-700, -800, and -900 respectively, and a further-stretched 737 MAX 10 is available. As of November 2020, the Boeing 737 MAX had a backlog of 3,290 units.
Why did Boeing stop production of the 737 MAX?
As the 737 MAX re-certification moved into 2020, Boeing suspended production from January to conserve cash and prioritize stored aircraft delivery. The 737 MAX program was Boeing's largest source of profit. Around 80% of the 737 production costs involve payments to parts suppliers, which may be as low as US$10 million per plane.
Why is the Boeing 737 MAX grounded?
In 2019, the Boeing 737 MAX was grounded worldwide, after a malfunctioning flight control system caused two new aircraft to crash in Indonesia and Ethiopia, killing all 346 people on board.
How many people died in the 737 MAX?
The 737 MAX suffered a recurring failure in the Maneuvering Characteristics Augmentation System (MCAS) causing two fatal accidents, Lion Air Flight 610 and Ethiopian Airlines Flight 302, in which 346 people died. It was subsequently grounded worldwide from March 2019 to November 2020.
What is the replacement for the 737?
Boeing also considered a parallel development along with the 757 replacement, similar to the development of the 757 and 767 in the 1970s.
What is the 737 MAX 8?
Boeing 737 MAX 8. The Boeing 737 MAX 8 is the first variant in the 737 MAX family and was designed to replace the former 737-800 aircraft. The 737 MAX features the greatest flexibility, reliability, and efficiency in the single-aisle market, incorporating modern technologies such as the Boeing Sky Interior and an advanced flight deck.
When did the 737 MAX 8 come out?
A Look at the Top 10 Newest Commercial Airplanes in the Sky. On July 23, 2013, Boeing completed the firm configuration of the 737 MAX 8. This achievement marked the completion of the primary trade studies that describe the capabilities of the 737 MAX series.
How fast is the Boeing 777?
Each engine produces a maximum power of 29,317 lbf. It has a maximum cruise speed of 453 knots and a travel range of 3,550 nautical miles. It also features a redesigned tail cone and the new Advanced Technology Winglet to reduce fuel use. Other modifications included flight deck display upgrades, Boeing Sky Interior, an electronic bleed air system, and fly-by-wire spoiler flight controls.
How much does a Max 8 weigh?
The MAX 8 has a maximum takeoff weight of 82,191 kg, a maximum landing weight of 69,309 kg, and a maximum payload of 20,882 kg.
Where did the Max 8 fly?
On May 2, 2016, the MAX 8 completed its first international flight-test trip in La Paz, Bolivia. The airport’s 13,300-foot altitude tested the aircraft’s capability to take off and land at high altitudes which can affect its performance.
How tall is the Max 8?
The MAX 8 has an exterior length of 39.52 meters, a height of 12.3 meters , and a wheelbase of 15.60 meters. The cabin length is 39.12 meters, the cabin height is 4.01 meters, and the cabin width is 3.53 meters.
How much is the Boeing 777-9?
Other influencing factors include order size, being a launch customer and airline size. The upcoming 777-9 is Boeing’s most expensive listing at over $440 million. Photo: Getty Images. One plane offered around at a heavy discount was the 737 MAX after its grounding in March 2019.
What happens when airlines buy aircraft?
When purchasing aircraft, airlines will dispatch negotiating teams to haggle with the likes of Boeing and Airbus. To ensure each negotiation isn’t influenced by what other airlines have paid, talks are held in confidentiality and agreed prices are not made public right away.
Will Boeing make up for losses?
Although Boeing will be keen to make up for its losses, it won’t be too eager to offer huge discounts to its customers. However, with most airlines suffering severely from the pandemic themselves, there will be a reluctance to invest in new planes.
Do airlines pay list prices?
Most airlines aren’t paying the full list price. Aircraft manufacturers and airlines negotiate discounts off the list price when placing orders, especially for large orders. In fact, list prices are considered so pointless that Airbus decided to stop publishing any pricing list for its planes.
Is it cheap to buy a Boeing plane?
Buying your own Boeing plane does not come cheap. With the least-expensive plane listed at over $89 million, purchasing brand-new Boeing aircraft is a major financial investment even for the mega-rich. In practice, aircraft are usually acquired at less than the listed price, with discounts ranging anywhere from 20% up to 60%.
Is Boeing shopping the Max?
By early-2020, Boeing was shopping the MAX around at hugely discounted prices. Alex Macheras, an airline analyst, told AeroMag, “Airline executives in South America and South East Asia have told me they’ve been offered deals on small sales that are normally only given on really big orders, ones in the hundreds.”.
Does Boeing offer a 50% discount?
Boeing likely offers discounts of around 50% on its planes. Photo: Getty Images. However, with new tax regulations demanding greater transparency, Airbus shed some light on how aircraft pricing really works in 2019. The planemaker revealed most airlines receive a whopping 50% discount on orders.
How much is the 737-9 Max 9?
737-9 (MAX 9): $116.6 million. According to a report at Leeham News, China Development Bank (CDB) Leasing is a believer in the 737-10. CDB Leasing has about 250 airplanes in its portfolio, with lease customers in China and elsewhere. Boeing thinks that combined sales of the 737-9 and 737-10 will account for about 25% of all sales in ...
Where is Boeing 737 built?
By the end of March, Boeing Co. ( BA) will have started construction on a final assembly plant in China for the company's 737 passenger jets. The U.S. company signed an agreement last October with Chinese plane maker Commercial Aviation Corp. (aka, Comac) to develop the plant, which is expected deliver its first finished airplane sometime next year.
When will the 737-10 be released?
( AL) CEO John Plueger thinks that is too late and that the 737-10 needs to enter service no later than 2019.
What is the 737-10?
At an industry conference in San Diego last week, Boeing revealed specifications for a new member of the 737 MAX family — the 737-10, a stretched version of the 737-9 that seats the same number of passengers (according to Boeing) as the Airbus A321neo.
Which Boeing 737 has the lowest value?
Air Explore has one of the lowest value Boeing 737-800s (not pictured: Note a Boeing 737-400 is shown here). Photo: Getty Images
How old is the 737-800?
The youngest Boeing 737-800 to be built was delivered to KLM. According to ch-aviation.com, it holds the serial number 63624, and it is 1.7 years old, having first flown on December 5th, 2019. Interestingly, the aircraft, registered as PH-BCL, has a current market value of $33.07 million. Even if you look at the 2019 list price as reported by Yahoo ($96 million), it is still down 65% from the list price.
Who owns OM-FEX?
Let us take a look at OM-FEX, owned by Carlyle Aviation Partners. The aircraft was delivered to Sterling European Airways in 1998 as OY-SEA. In 2006 it was transferred to GOL Linhas Aéreas, who flew it until July 2014. Then in January 2015, Air Explore took the aircraft. It is currently being operated as a wet lease for Corendon Airlines.
How much is the Boeing 737 Max 8?
Boeing lists the 737 Max 8 at $121.6 million. According to industry research from Teal Group, buyers usually receive a discount of 50% to 55% on the planes. The 737 Max is built alongside the previous-generation 737NG (Boeing 737-600, -700, -800, and -900) at Boeing's factory in Renton, Washington. By the end of 2018, Boeing had ramped up ...
How much profit does Boeing make on every 737 Max?
According to Moody's, Boeing's operating profit margin is $12 million to $15 million on every 737 Max it delivers. Sunday's crash of Ethiopian Airlines Flight ET302 once again shined the spotlight on Boeing's 737 Max program. The crash killed all 157 passengers and crew members on board the four-month-old plane.
How many people died in the Lion Air crash?
The crash killed all 157 passengers and crew members on board the four-month-old plane. It was the second nearly brand-new Boeing 737 Max 8 airliner involved in a fatal crash in the past five months. In October, Lion Air Flight JT610 crashed in the Java Sea shortly after taking off from Jakarta, Indonesia, killing all 189 people on board.
How many Boeing planes are there?
Boeing Commercial Airplanes, the company's airliner division, has a backlog of 5,870 planes — including 4,699 undelivered 737s — valued at more than $400 billion.
Is the Boeing 737 Max 8 grounded?
It was the second nearly brand-new Boeing 737 Max 8 airliner involved in a fatal crash in the past five months. Many airlines have decided to ground their Boeing 737 Max fleets. Some safety regulators have outright banned the plane from entering their airspace.
Is the Boeing 737 Max airworthy?
Read more: The Boeing 737 Max is embroiled in controversy after 2 deadly crashes in 5 months. Here's how the plane came to be. The Max is the fourth and latest generation of the Boeing 737 airliner.
Is Boeing 737 profitable?
The plane's importance to Boeing's bottom line cannot be overstated. "The 737 is very profitable to Boeing because of the high volume, the resulting production efficiencies and the amortization of the capital investment over the program's decades," Moody's said in a note on Wednesday.
What is the difference between the 737 Max and the 737 Max?
Much of the design of the 737 has stayed similar over the years. The main change that the MAX offers is a more effective operation. This is the same as the main changes introduced in the previous 737 series, the 737 Next Generation. The 737 MAX uses new, and more efficient, CFM International LEAP engines, and includes several aerodynamic ...
When did the 737 MAX come out?
The Boeing 737 has changed a great deal since its launch in 1968 . The latest 737 MAX aircraft is a very different aircraft from the early Original and Classic series. As technology and airline expectations have changed, so has the 737 family, keeping it in the top spot for most successful narrowbody aircraft to date.
How many variants of the 737 have been made?
The 737 Original family. The 737 has seen 22 variants since the original 737-100 launched with Lufthansa in 1968. Boeing’s focus was very different at that time from what it has looked at now with the MAX. The main change that the 737-100 offered was twin engines.
What is the most popular aircraft?
The 737 has been the most popular aircraft to date (although the A320 has now caught up in orders). Of its members, the 737-800 has been the best selling, with a total of 4,991 orders. This is due in large part to its compromise between range and capacity.
How many 737-100s did Boeing sell?
The Original series also includes the 737-200. This offered an extended fuselage and engine improvements and according to Boeing data, went on to sell 1,095 aircraft (as opposed to only 60 737-100 aircraft). The focus on meeting customer requirements continued, ...
How many engines does the Boeing 737 have?
The 737 Original made its mark with two engines, placed under the wings, and a wider fuselage than its competitors at the time. This gave it six across passenger capacity and also allowed for simple conversion to hold standard-sized freight containers. The 737-100 launched the twin-engine 737 family. Photo: Boeing.
What was the main change in the 737-100?
The main change that the 737-100 offered was twin engines. The earlier Boeing aircraft, the 707 and 727, had both been very successful. But market attention had shifted to a more economical two engine possibility. The 737 Original made its mark with two engines, placed under the wings, and a wider fuselage than its competitors at the time.
Overview
The Boeing 737 MAX is the fourth generation of the Boeing 737, a narrow-body airliner manufactured by Boeing Commercial Airplanes (BCA), a division of American company Boeing. It succeeds the Boeing 737 Next Generation (NG) and competes with the Airbus A320neo family. The new series was announced on August 30, 2011. It took its maiden flight on January 29, 2016 and was certifie…
Development
In 2006, Boeing started considering the replacement of the 737 with a "clean-sheet" design that could follow the Boeing 787 Dreamliner. In June 2010, a decision on this replacement was postponed into 2011.
On December 1, 2010, Boeing's competitor, Airbus, launched the Airbus A320neo family to improve fuel burn and operating efficiency with new engines: the CFM I…
Design
In mid-2011, one design objective was matching fuel burn of the 737 MAX to that of the Airbus A320neo's 15% fuel-burn advantage. The initial 737 MAX reduction was 10–12%; it was later enhanced to 14.5%. The fan was widened from 61 inches (150 cm) to 69.4 in (176 cm) by raising the nose gear and placing the engine higher and forward. The split tip winglet added 1–1.5% fuel …
Operational history
After one year of service, 130 MAXs had been delivered to 28 customers, logging over 41,000 flights in 118,000 hours and flying over 6.5 million passengers. Flydubai observed 15% more efficiency than the NG, more than the 14% promised, and dependability reached 99.4%. Long routes include 24 over 2,500 nautical miles (4,630 km), including a daily Aerolíneas Argentinas service from Buenos Aires to Punta Cana over 3,252 nmi (6,023 km).
Variants
The 737-700, -800 and -900ER, the most widespread versions of the previous 737NG, are succeeded by the 737 MAX 7, MAX 8 and MAX 9, respectively (FAA type certificate: 737-7, -8, and -9 ). The 737 MAX 8 entered service in May 2017, and the MAX 9 entered service in March 2018. Deliveries for MAX 7 and MAX 200 (a higher-density version of the MAX 8) were expected to begin in 2021, a…
Operators
As of February 2022 , the five largest operators of the Boeing 737 MAX were Southwest Airlines (69), Ryanair (55), American Airlines (42), Air Canada (32), and China Southern Airlines (24).
American Airlines was the first disclosed customer. By November 17, 2011, there were 700 commitments from nine customers, including Lion Air and SMBC Aviation Capital. By December 2011, the 737 MAX had 948 commitments and firm orders from thirteen customers. On Septem…
Accidents and incidents
Between March 2017 and March 2019, the global fleet of 387 aircraft operated 500,000 flights and experienced two fatal crashes, having an accident rate of four accidents per million flights, whereas the previous Boeing 737 generations averaged 0.2 accidents per one million flights.
On October 29, 2018, Lion Air Flight 610, 737 MAX 8 registration PK-LQP, plung…
See also
• Financial impact of the Boeing 737 MAX groundings
• Competition between Airbus and Boeing
Related development
• Boeing 737 Next Generation
• Boeing Business Jet