DrExotica From United States of America, joined Aug 2004, 176 posts, RR: 0 Posted (6 years 8 months 2 weeks 4 days 2 hours ago) and read 3044 times:
Does anyone happen to know what the list price of a 707-120B and 707-320B was? Pegging it to a particular year would also be helpful. I am trying to understand how expensive these planes were relative to today's aircraft in inflation adjusted dollars.
FlagshipAZ From United States of America, joined Jan 2001, 3419 posts, RR: 14
Reply 2, posted (6 years 8 months 2 weeks 4 days 2 hours ago) and read 3012 times:
Watch the original "Airport" movie. There's a line mention how much the 707 costs in 1970. Remember that larger airlines bought airplanes in bulk quantities, and that the manufactures do offers discounts on large orders. Guessing on my part here, based on all the reading that I do on planes, I'm saying the 707 went for no more than $5 million list price in the late '60s. Regards.
"Beer is living proof that God loves us and wants us to be happy." --Ben Franklin
BigAppleCoder From United States of America, joined Mar 2007, 44 posts, RR: 0
Reply 4, posted (6 years 8 months 2 weeks 4 days 1 hour ago) and read 2922 times:
Quoting Futurecaptain (Reply 3): According to the web $6 million in 1970 has the same purchasing power of $31.1 million in today's dollars. The 707 sounds like it was a cheap plane to buy.
There was much more competition at that time the 707 was developed with the US-based manufacturers Douglas (with the DC-8) and Convair (with the 880/990) targeting that market as well. Also, the level of technology wasn't at the level it is now with greater emphasis on safety, efficiency and comfort.
Viscount724 From Switzerland, joined Oct 2006, 24109 posts, RR: 23
Reply 5, posted (6 years 8 months 2 weeks 4 days 1 hour ago) and read 2897 times:
I believe the typical price of a B747 when it first went into service in 1970 was about $24 million, less than half the current list price of the cheapest 737. B747-8 list price (not that anybody pays the list price) starts at $285 million. http://www.boeing.com/commercial/prices/index.html