BOEING 747-400 Price and Operating Costs

Specifications
The BOEING 747-400, manufactured from 1989 - 2009, requires a 2 person crew and can transport up to 420 passengers. The aircraft has a maximum operating altitude of 45,100', a normal cruise speed of 493 KTS/567 MPH, and a 7,898 NM/9,088 SM seats-full range. The BOEING 747-400 has a 9,653' balanced field length and 5,193' landing distance. The cabin measures 08'04" high, 20'01" wide, and 187'00" long. It has a total baggage capacity of 6,175.00 ft^3; 150.00 ft^3 being internal and 6,025.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned BOEING 747-400 is $16,000,000.00. A $10,000,000.00 loan over 120 months including $41666.67 per month in interest equates to a $501,437.15 per-period payment. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the BOEING 747-400 has total variable costs of $7,812,774.00, total fixed costs of $416,150.00, and an annual budget of $8,228,924.00. This breaks down to $18,286.50 per hour.