Boeing Raises Jet Prices 3.1 Percent; 777-9X Costs Most

Boeing Co. (BA) said it raised prices by about 3.1 percent for the commercial aircraft that drive most of its sales, almost twice the rate of increase last year.

Boeing’s redesigned 777-9X, a twin-aisle jet that seats 400 travelers, had its debut on the list as the Chicago-based planemaker’s priciest plane at $388.7 million. That’s more than Boeing’s largest commercial aircraft, the 747-8 jumbo freighter, which has a $368.4 list price.

The 777X, slated to begin commercial flights in 2020, are the fastest-selling wide-body jets in Boeing’s history. The two-model family has garnered more than 300 orders and commitments since the jets were unveiled in November.

The world’s largest planemaker raised jet prices across the board, reflecting an internal formula that takes into account increases in the costs of goods, services and labor, Doug Alder, a Boeing spokesman, said in a phone interview.

Boeing and rival Airbus Group NV (AIR) hold a record backlog of orders for about 11,000 aircraft combined worth more than $990 billion, according to data compiled by Bloomberg Intelligence. Popular models, including Boeing’s carbon-fiber 787 Dreamliners, are sold out through the end of the decade, Alder said.

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To contact the editors responsible for this story: Ed Dufner at Molly Schuetz, Stephen West

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