The average hourly rental rate of the Boeing 737-800 is around 21,050 USD per hour.
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Based on 450 annual owner-operated hours and $6.00-per-gallon fuel cost, the BOEING 737-700 has total variable costs of $2,996,910.00, total fixed costs of $357,370.00, and an annual budget of $3,354,280.00. This breaks down to $7,453.96 per hour.
If you're consistently renting the most expensive options, purchasing a plane might be worth the cost, since there isn't much cost difference. However, if you plan on renting smaller or less expensive models, renting is much cheaper than owning a plane.
First flown on July 31, 1997, the aircraft has become a prolific player in the fleets of the 5 largest US airlines and the backbone of low cost fleets in Europe and beyond. As of this year, there are over 4,200 737-800s in service.
The average hourly cost to charter a Boeing 747 airliner comes in around $35,000 per hour, but that price can fluctuate based on demand, aircraft location, and more.
The NG has one of the best safety records among all aircraft, with just 11 fatal accidents out of more than 7,000 planes delivered since 1997. A Boeing Co. 737-800 NG aircraft of the China Eastern Airlines Corp. involved in a crash on Monday while carrying 132 people is considered one of the safest aircraft ever made.
737-800. The Boeing 737-800 is a stretched version of the 737-700. It replaced the 737-400 and competes primarily with the Airbus A320. The 737-800 seats 162 passengers in a two-class layout or 189 passengers in a one-class layout.
American Airlines has 265 737-800 NGs in service, while Southwest Airlines has 205, United Airlines has 136 and Delta Air Lines has 77, according to Cirium. Boeing delivered nearly 5,000 of the planes to customers between 1998 and 2020, according to Boeing data.
Introduced in 1997, the Boeing 737 Next Generation aircraft offered significant internal upgrades and greater fuel efficiency than the classic generation aircraft before them. These features made the Boeing 737-600, -700, -800 and -900/-900ER immediately popular with airlines, as associated running costs were cheaper.
Cost savings: Chartering a private jet is significantly more economical than buying your own plane. When you charter, you'll pay only for the flights you use, rather than for the entire purchase price of an aircraft that may spend much of its time sitting in the hangar.