Asked by: Fanni Eversum
business and finance aviation industry

How much do airplanes cost?

Last Updated: 4th February, 2020

Single-Engine Planes: These planes which hold two or more people and are more economical to operate and maintain than multi-engine planes, typically cost between $15,000 and $100,000. Multi-engine Planes: If you consider a plane like this, it will cost you between $75,000 and $300,000.

Click to see full answer.

Also, how much does a 747 cost?

The first 747-100 from Boeing Co. (NYSE: BA) was put into service in 1970, and those first planes sold at a list price of $24 million. Adjusting for inflation, that same 747 would sell today for $147.1 million. A new 747-8 passenger jet now lists for $367.8 million and the freighter version at $368.4 million.

Likewise, how much does a private plane cost? A private jet can cost anywhere from $3 million to $90 million. Ongoing expenses include flight crew salaries and expenses, the costs of routine maintenance and unforeseen repairs, hangar rental, and aircraft insurance.

Subsequently, question is, what is the cheapest plane to buy?

Cessna Skycatcher But the Skycatcher is the cheapest (or close to it) light sport aircraft (LSA) on the market, part of a relatively new class of small planes that make general aviation more obtainable than ever.

How much does 737 max cost?

Boeing 737 MAX
Program cost Airframe only: $1–1.8 billion; including engine development: $2–3B
Unit cost MAX 7: US$99.7 million MAX 8: US$121.6M MAX 200: US$124.8M MAX 9: US$128.9M MAX 10: US$134.9M as of 2019
Developed from Boeing 737 Next Generation

Related Question Answers

Noemia Pasamar


How far can a plane go on a full tank?

How far can an airplane go on a full tank of fuel without stopping while travelling at a constant 15,000 feet above sea level? A: This depends on the size of the plane, its efficiency, and how fast it's flying. A modern Boeing 747 can fly about 15,000 km (9,500 miles) when it's flying at 900 kmh (550 mph).

Svetoslava Mantuano


Can a 4 engine plane fly with one engine?

A four-engine aircraft losing a single engine is even less of an issue. If a four-engine aircraft lost more than one engine, it can still potentially fly at a lower altitude and will perform better at lower weights.

Circe Kowalsky


How many 747 crashed?

Type Number Currently Operating Fatal Accidents (to passengers)
Boeing 737 Family 4644 60
Boeing 747 788 15
Boeing 757 915 5
Boeing 767 808 3

Iola Briega


How much does a 747 pilot make?

Pilots of 747s earn between $25,000 and $200,000, depending on experience and the employers for which they work, according to the AVScholars website, a career website for aviation professionals. They earned average annual salaries of $89,000 as of 2013, according to the job website SimplyHired.

Irine Collados


What is Air Force One worth?

The U.S. Government Accountability Office estimated the total cost at $3.2 billion, and the U.S. Air Force's budget for the program is projected to be nearly $4 billion. In December 2016, Boeing was on contract for preliminary development worth $170 million.

Atta Yeremian


Why is it called 747?

The most well known aircraft in the 7×7 series is the Boeing 747, which also goes by the nickname “jumbo jet.” The 747 made aviation history. It was designed in the 1960s as a response to an increase in air traffic.

Ohiana Greulich


How much does jet fuel cost?

As of Monday afternoon, Jet-A is selling to corporate jets for an average of $5.21 per gallon. (Fuel is usually more expensive on the coasts and cheaper in the Midwest.) Because the cost of Jet-A closely tracks the price of a barrel of oil, fuel costs for private jets have quadrupled since 2000.

Yunying Tieves


How many tennis balls fit in a 747?

The total volume of the 747–400 is 1035 cubic meters, if we are including both passenger volume and cargo volume. Meanwhile, the volume of a tennis ball is 8 cubic inches, or 0.000131097 cubic meters. Thus, the fuselage of the 747 would fit 7,894,917 tennis balls.

Mercedita Mccormick


Is buying a plane a good investment?

However, YES, it is a good investment if you want to save hours of your week to enjoy your family or do more business around the world and make more money. The market for larger and faster private aircraft is huge. They don't buy the aircraft as a pure investment, they buy it as a way to save time.

Zunbeltz Poisson


How far can a single engine plane fly?

It depends on the plane, the amount of fuel, and the altitude flown. Typically 4–6 hours for an average small plane. Pilots usually think of time in flight first. At small plane speeds of 120–180 miles per hour, that's 480–720 miles for four hours.

Shady Escudier


Why are small planes so expensive?

GA planes are so expensive because people are stupid and their families like to sue. So, manufacturers have to build the fact that they'll get sued because someone was stupid in to the price of their planes. Example: the plane is being flown out of trim and a fuel imbalance occurred.

Marcelina Toennsen


Are bigger or smaller planes safer?

Airliners are safe. The larger airplanes have a larger number of redundant systems due to their size but that, by itself, does not mean one airplane is safer than another. Regional airline-size airplanes have a somewhat higher accident rate than do larger airline jets. Turboprops have a higher accident rate than jets.

Najam De Mello


Is it expensive to own a plane?

So the cost of owning and flying the plane depends on how much you fly it. If you fly 50 hours per year (about 4 hours per month), your total cost of flying per hour is $8500/50 + $70, or $240 per hour. In this scenario your mistress is costing you $1000 per month.

Ani Schuetrumpf


Is Cessna 150 a light sport?

A classic Cessna 150 or 152 in excellent condition costs less than half of a new LSA. Most aviation mechanics are qualified to inspect and repair a Cessna, but only a small number of them have the proper training and certification to work on newer light sport aircraft, which by and large are powered by a Rotax engine.

Carmella Gschwentner


How high can an airplane fly?

Commercial aircraft typically fly between 31,000 and 38,000 feet — about 5.9 to 7.2 miles — high and usually reach their cruising altitudes in the first 10 minutes of a flight, according to Beckman. Planes can fly much higher than this altitude, but that can present safety issues.

Candy Ramamohan


Are private planes safe?

One of the most inaccurate, however, is that flying private is less safe than taking a commercial flight. In fact, private jets are just as safe, if not safer than flying commercial – especially in light of recent controversies that have occurred on many commercial flights.

Anqi Brochard


What is a good first airplane to buy?

The Cessna 172 Skyhawk is another ideal first-time aircraft with simple flight characteristics and low cost of ownership. Decidedly not sexy, it's still a good balance of performance, safety and ease of operability.

Romel Jami


Do private jets need 2 pilots?

While all commercial airline flights are operated by two pilots, the regulations for private aircraft are a little different. For example, some privately owned aircraft can be piloted by the owner alone. All private jet aircraft must be piloted by a pair, while there are some exceptions for turboprop aircraft.

Martires Buchmiller


How rich do you need to be to own a private jet?

Jet owners spend about 1.0% of their net worth on private aircraft, with an average value of US$16.4 million per plane. In contrast, the average Middle Eastern aircraft owner is younger than the global norm (59.1 years old versus 63.6 years), with a net worth of US$1.09 billion and liquidity of US$385.5 million.