Boeing aircraft prices 2022

Boeing’s 737 aircraft series have emerged as the company’s best sellers. The Boeing 737 twinjet is a shorter, more economical model similar to Boeing’s 727 and 707. 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.

Leading aircraft manufacturers in the world

Along with Airbus, Embraer, and Bombardier Aerospace, Boeing is one of the world's four largest aircraft manufacturers. In 2019, the Chicago-headquartered jet manufacturer did not manage to outperform its main competitor, Airbus: Boeing generated only 76.5 billion U.S. dollars in revenue, compared to the 78.9 billion U.S. dollars (or about 70.5 billion euros) revenue generated by Airbus. The competition between Boeing and Airbus has been intense over the years. Between 2003 and 2018, both companies have been receiving a somewhat comparable amount of orders. This changed drastically in 2019. Compared to Boeing, Airbus received five times the number of orders during that time period.

The decline in gross orders of Boeing's aircraft

In 2019, Boeing experienced a large slump in its business and financial performance. The traces of this declining performance goes back to the launching of its competitor Airbus 320 neo family with better fuel and operating efficiency, which was a comparably similar narrow-body aircraft to Boeing's 737 family. In response to this, Boeing quickly re-engineered 737 MAX family aircraft with more efficient engines and performance. However, the balance between absolute safety and cost-minimization was not kept thoroughly. In 2017, Boeing 737 MAX led to two fatal crashes taking 346 lives during Lion Air and Ethiopian Air flights. Consequently, all Boeing 737 MAX aircraft were grounded worldwide and Boeing lost a vital business trust. The demand for new Boeing aircraft declined significantly across the globe. The largest drop in Boeing aircraft deliveries was observed in East Asia, down from 223 aircraft in 2018 to 68 aircraft delivered by Boeing in 2019.