How much does a Boeing 747 engine cost?
Each engine carries a list price of roughly $25 million to $30 million. Because the 747 uses four engines, a full set can exceed $100 million, making the engines one of the most expensive components of the aircraft. Ironically, some older jumbo jets are now worth far less than their engines. The cost of a 747 engine can vary by tens of millions of dollars depending on the generation of the aircraft. For the 747-8, the $25 million to $30 million investment per engine buys world-class efficiency and a long operational future.
How much does a new engine cost?
The average cost of engine replacement in the US is $6,287 to $12,878, depending on the vehicle’s make and model and the mechanic’s labor fee. In major cities like Philadelphia, Phoenix, and New York City, the average labor costs of engine replacement are $5,166, $5,083, and $4,875, respectively. On average, a full engine replacement can run anywhere between £1,500 and £5,000, depending on your car model and engine type.It could range from a total of $3,000 to $8,000 or even more when you have a mechanic do the work, and even changing the engine on your own will likely cost $2,000 or more using the most frugal options.