“The first 747-100 from Boeing Co. (NYSE: BA) was put into service in 1970, and those first planes sold at a list price of $24 million. Adjusting for inflation, that same 747 would sell today for $146.6 million. So why does Boeing list the passenger version of a new 747-8 for $356.9 million and the freight-hauling version at $357.5 million?”
http://247wallst.com/aerospace-defense/2014/06/03/why-a-boeing-747-8-costs-357-million/
Because customers will pay that price.
Without reading the article, as is the FR custom, let me offer:
- no longer using mid-1960s engine technology
- computers
- 40+ years of safety, fuel improvements
Compare the performance of a 747-8 to a 747-100. Then ask the question again. If it hasn't answered itself.
The ‘-8’ was heavily re-engineered in almost every system. The computing technology is several orders of magnitude more advanced and complex. That means engineering, and engineers cost money. Avionics are a substantial portion of the cost of an aircraft.
And people play it because the aircraft is safer, more efficient and reliable. That means it does more and costs less to operate. So companies make their money back.