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 1,725 NM/1,987 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 $884,450.00. 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 $4.25-per-gallon fuel cost, the CESSNA Citation III has total variable costs of $1,255,725.00, total fixed costs of $394,546.00, and an annual budget of $1,650,271.00. This breaks down to $3,667.27 per hour.

RANGE:
1,725 NM / 1,987 SM
SPEED:
431 KTS / 496 MPH
PRICE:
$884,450.00
MAX PASSENGERS:
8 people

CESSNA Citation III

Flying 450 Hours per Year
Flying 450 Hours per Year + 200 Charter Hours
Annual Owner Hours
450
450
Annual Charter Hours
-
200
Fuel Cost
$4.25
$4.25
Total Fixed Cost
$394,546.00
$206,246.00
Total Variable Cost
$1,255,725.00
$1,255,725.00
Annual Budget
$1,650,271.00
$1,461,971.00
Total Hourly Cost
$3,667.27
$3,248.82
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