The Cessna Citation family of private jets is one of the most popular in the world, with over 8,000 models produced. But what is the true cost of owning and operating one of these aircraft?
The purchase price is just the beginning. Factors like fuel, maintenance, crew salaries, and hangar fees all contribute significantly to the overall expense.
This article will break down the cost of a Cessna Citation, explore different models and their associated prices, and discuss alternatives to full ownership for those who want to experience the benefits of private aviation without the hefty price tag.
Cessna Citation Models and Their Acquisition Costs
Cessna currently manufactures a wide range of Citation jets, from light jets perfect for short hops to mid-size jets that can cross continents. Many of these jets can be customized to fit the buyer’s exact needs, from interior finishes to seating arrangements.
Here’s a look at the current Citation lineup and their approximate acquisition costs:
- Citation M2 Gen 2: $6.15 million. This light jet has a maximum range of 1,550 nautical miles and seats up to 7 passengers.
- Citation CJ3 Gen 2: ~$11 million. Expected to be released in 2025, this jet will have a maximum range of 2,040 nautical miles and seat up to 9 passengers.
- Citation CJ4 Gen 2: $11.5 million. This jet has a maximum range of 2,165 nautical miles and seats up to 10 passengers.
- Citation Ascend: $16.725 million. This jet has a maximum range of 1,900 nautical miles, seating up to 12 passengers.
- Citation Latitude: ~$18 million. The Latitude has a maximum range of 2,700 nautical miles and seats up to 9 passengers.
- Citation Longitude: Just under $30 million. The Longitude has a maximum range of 3,500 nautical miles and seats up to 12 passengers.
Understanding Operating Costs: A Deeper Dive
When you’re considering buying a private jet, the upfront cost is only part of the picture. You also need to factor in the ongoing costs of keeping it in the air.
Factors Influencing Operating Costs
Operating costs can vary widely depending on the type of aircraft, how often you fly, and where you fly. Here are some of the biggest factors:
- Fuel costs: This is a big one, as you might imagine.
- Maintenance: You’ll need to budget for both scheduled maintenance (like routine inspections) and unscheduled maintenance (like repairs).
- Crew salaries: If you’re not planning to fly the plane yourself, you’ll need to pay for a pilot (and possibly a co-pilot), plus their benefits and training.
- Hangar fees: You’ll need a place to store your jet when it’s not in use.
- Insurance: You’ll need both liability and hull insurance.
- Landing fees: Most airports charge a fee for landing.
Example: Citation Jet (CJ1) Operating Costs
To give you a concrete example, let’s look at the Citation Jet (CJ1). The direct operating cost for a CJ1 is roughly $1,450 per flight hour. On top of that, you’ll have annual fixed costs of around $404,000 to $406,000. And the CJ1 burns about 130 gallons of fuel per hour.
Comparison with Other Light Jets
How does the CJ1 compare to other light jets? Well, the direct operating cost for the Citation CJ1 is about $100 more per flight hour than the Citation Jet. The Citation Mustang, on the other hand, will run you about $400 more per flight hour than the Citation Jet.
Pre-Owned Cessna Citation Options and Pricing
If you’re hoping to save some money on your Citation purchase, the pre-owned market is worth exploring. You can find a wide range of Citation models for sale, with prices that depend on the plane’s age, condition, and number of hours in the air.
Buying a pre-owned Citation can lead to significant savings compared to purchasing a brand-new aircraft. The initial purchase price will likely be considerably lower.
Keep in mind that a pre-owned aircraft may need maintenance or repairs sooner than a new one would. Before you buy, it’s essential to have a qualified mechanic perform a thorough pre-purchase inspection. Reviewing the plane’s maintenance records is also crucial.
Consider working with an experienced aircraft broker who can help you navigate the pre-owned market and find the right Citation for your needs and budget.
Alternatives to ownership: charter and fractional ownership
If the price tag of owning a Cessna Citation is a little too steep, there are other ways to get the convenience of private air travel without the full financial burden of ownership.
Private jet charter
Chartering a private jet is a flexible and cost-effective alternative to buying an aircraft. When you charter, you get access to a variety of aircraft without being responsible for maintenance, insurance, or crew salaries.
Companies like Stratos Jet Charters and EvoJets offer private jet charter services. Stratos Jet Charters even offers a free private jet charter cost estimator.
Fractional ownership
Another option is fractional ownership, where you share ownership of an aircraft with other people or companies. This can reduce the financial burden and responsibilities of full ownership, and it’s a good option for people who fly frequently but don’t need exclusive use of a plane.
Frequently Asked Questions
Is it difficult to fly a Citation?
While a Cessna Citation is a sophisticated aircraft, it’s not necessarily “difficult” to fly, but it requires significant training and expertise. Pilots need to be type-rated in the specific Citation model they intend to fly, which involves extensive ground school, simulator training, and flight time. The aircraft’s advanced avionics and performance characteristics demand a high level of proficiency.
How much does a Cessna Citation cost?
The cost of a Cessna Citation varies widely depending on the specific model, year of manufacture, condition, and any installed options. A pre-owned Citation can range from a few hundred thousand dollars for older models to several million dollars for newer or larger aircraft. New Citations can easily cost upwards of $10 million or more.
Can a single pilot fly a Cessna Citation?
Yes, many Cessna Citation models are certified for single-pilot operation. However, single-pilot operation requires meeting specific experience and training requirements, as well as adhering to certain operational limitations. Some operators prefer to use a two-pilot crew for added safety and workload management, even when single-pilot operation is permitted.
Does the Cessna Citation have a toilet?
Yes, most Cessna Citation models are equipped with a toilet, typically located in the aft lavatory. The size and configuration of the lavatory can vary depending on the specific Citation model and the owner’s preferences.
To Conclude
Owning a Cessna Citation involves significant costs, including the initial purchase price, ongoing operating expenses, and regular maintenance. When considering whether to buy a Citation, it’s crucial to carefully evaluate your individual needs and budget.
If full ownership isn’t the right fit, you might explore alternatives like chartering a Citation when you need it or fractional ownership, which allows you to share the costs and responsibilities with other owners.
Navigating the world of private aviation can be complex, so it’s always a good idea to consult with experienced aviation professionals. Brokers, financial advisors, and aviation attorneys can provide valuable guidance to help you make informed decisions that align with your specific goals and financial situation.