CESSNA Citation III Price and Operating Costs

Specifications
The CESSNA Citation III, manufactured from 1983-1991, requires a 2 person crew and can transport up to 8 passengers. The aircraft has a maximum operating altitude of 51,000', a normal cruise speed of 431 KTS/496 MPH, and a 1,692 NM/1,948 SM seats-full range. The CESSNA Citation III has a 5,489' balanced field length and 3,213' landing distance. The cabin measures 05'08" high, 05'06" wide, and 18'05" long. It has a total baggage capacity of 61.00 ft^3; 00.00 ft^3 being internal and 61.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned CESSNA Citation III is $950,000.00. A $442,225.00 loan over 120 months including $1842.60 per month in interest equates to a $22,174.80 per-period payment. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the CESSNA Citation III has total variable costs of $1,584,900.00, total fixed costs of $497,109.00, and an annual budget of $2,082,009.00. This breaks down to $4,626.69 per hour.