# Cost of a 767?

**URL:** <https://boards.straightdope.com/t/cost-of-a-767/437435>\
**Category:** Factual Questions\
**Created:** [February 13, 2008, 3:05pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435 "2008-02-13T15:05:43Z")\
**Posts on this page:** 11\
**Page:** 1

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**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\
**Post date:** [February 13, 2008, 3:05pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/1 "2008-02-13T15:05:43Z")

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I left my new copy of _Richistan_ at the office, so no cite.

The author claims the two Google founders wanted to buy a corporate jet, so they got a 767, ripped out the interior and fitted it out to carry only 50 people. Further, he says it was in the 17 million dollar range, about the same as a top-of-the-line normal tiny corporate jet.

True?

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**Author:** ![jk1245](https://avatars.discourse-cdn.com/v4/letter/j/49beb7/32.png) [@jk1245](https://boards.straightdope.com/u/jk1245)\
**Post date:** [February 13, 2008, 3:14pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/2 "2008-02-13T15:14:12Z")

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A 767 costs $124-169 million each [according to Boeing](http://www.boeing.com/commercial/prices/) .  
Perhaps the $17 mil was for the retrofit?

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**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\
**Post date:** [February 13, 2008, 3:17pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/3 "2008-02-13T15:17:26Z")

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Just as I suspected. Not even close. Makes me question the rest of the book.

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**Author:** ![A.R.Cane](https://avatars.discourse-cdn.com/v4/letter/a/ee7513/32.png) [@A.R.Cane](https://boards.straightdope.com/u/A.R.Cane)\
**Post date:** [February 13, 2008, 3:23pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/4 "2008-02-13T15:23:13Z")

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[QUOTE=jk1245]  
A 767 costs $124-169 million each [according to Boeing](http://www.boeing.com/commercial/prices/) .  
Perhaps the $17 mil was for the retrofit?  
[/QUOTE]

Well, yeah. But he didn’t specify it was a _new_ 767. I mean once you leave the dealer’s runway there’s a hell of a depeciation hit. 😃

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**Author:** ![jk1245](https://avatars.discourse-cdn.com/v4/letter/j/49beb7/32.png) [@jk1245](https://boards.straightdope.com/u/jk1245)\
**Post date:** [February 13, 2008, 3:24pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/5 "2008-02-13T15:24:13Z")

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Missed the edit window:

No idea what a used 767 costs, and maybe that’s what they got. Still, $17 mil sounds low if the plane is still airworthy.

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**Author:** ![Exapno\_Mapcase](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/exapno_mapcase/32/1051_2.png) [@Exapno\_Mapcase](https://boards.straightdope.com/u/Exapno_Mapcase)\
**Post date:** [February 13, 2008, 3:26pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/6 "2008-02-13T15:26:11Z")

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[QUOTE=Paul in Saudi]  
Just as I suspected. Not even close. Makes me question the rest of the book.  
[/QUOTE]

You’re jumping to conclusions. Checking further, it doesn’t seem wrong at all for a used jet.

[http://searchengineland.com/070913-075208.php](http://searchengineland.com/070913-075208.php)

> [@](#):
>
> How Much Was It?
> 
> Probably $15 million or less. It was built in 1987, and they bought it used from Qantas, reported the Wall Street Journal back in 2005. However, refurbishment added on probably another $10 million or more.

[http://www.independent.co.uk/news/business/news/google-founders-party-jet-hits-turbulence-407149.html](http://www.independent.co.uk/news/business/news/google-founders-party-jet-hits-turbulence-407149.html)

> [@](#):
>
> The aircraft, a Boeing 767-200 which used to be owned by Qantas, was bought last year for an estimated $15m. That is a fraction of a price of a smaller corporate jet bought new. Mr Page said at the time that it was an economical way of transporting more of their friends and business associates around the world.

The jet had been decommissioned and parked in a desert, the usual route for planes taken out of service. That would have brought the price way down, although increased the cost for refurbishing.

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**Author:** ![Gorsnak](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gorsnak/32/7587_2.png) [@Gorsnak](https://boards.straightdope.com/u/Gorsnak)\
**Post date:** [February 13, 2008, 3:27pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/7 "2008-02-13T15:27:51Z")

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You can sometimes get really good deals at a police auction, but you have to be careful to check for damage caused by crash landings.

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**Author:** ![butler1850](https://avatars.discourse-cdn.com/v4/letter/b/779978/32.png) [@butler1850](https://boards.straightdope.com/u/butler1850)\
**Post date:** [February 13, 2008, 3:28pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/8 "2008-02-13T15:28:55Z")

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The best paintjob they could get is[this](http://www.airliners.net/photo/Untitled/Untitled/1216617) ???

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**Author:** ![Balthisar](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/balthisar/32/2825_2.png) [@Balthisar](https://boards.straightdope.com/u/Balthisar)\
**Post date:** [February 13, 2008, 3:37pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/9 "2008-02-13T15:37:34Z")

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[QUOTE=butler1850]  
The best paintjob they could get is[this](http://www.airliners.net/photo/Untitled/Untitled/1216617) ???  
[/QUOTE]

Wow… if that were an F-80, it’d look like one of our corporate jets with that paint job. Not the _executive_ jet, which is a little LeerJet.

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**Author:** ![SmackFu](https://avatars.discourse-cdn.com/v4/letter/s/53a042/32.png) [@SmackFu](https://boards.straightdope.com/u/SmackFu)\
**Post date:** [February 13, 2008, 3:43pm UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/10 "2008-02-13T15:43:34Z")

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[A WSJ story](http://online.wsj.com/public/article/SB115222788536400097-i72SXBBTMX_EPvtfDIn9uNjtiss_20070707.html) on the jet. There were some lawsuits with the designer.

[Pictures of it as a Qantas jet](http://www.airfleets.net/ficheapp/plane-b767-23896.htm)

Edit: It’s funny how easy it is to look up info online once you find the “anonymous” holding company name, Blue City Holdings LLC.

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**Author:** ![Paul\_in\_Qatar](https://avatars.discourse-cdn.com/v4/letter/p/ccd318/32.png) [@Paul\_in\_Qatar](https://boards.straightdope.com/u/Paul_in_Qatar)\
**Post date:** [February 14, 2008, 3:23am UTC](https://boards.straightdope.com/t/cost-of-a-767/437435/11 "2008-02-14T03:23:41Z")

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I suspected my Google-fu was weak, the world of airliners is complex and has it own sort of geeks dedicated to it. Thank you all.

(I wonder how the operating costs compare to a small, but less-popular jet? I suppose 767 parts are cheaper, but fuel is more. I wonder about the interior. I am seeing “Conversion Van” red velvet.)
