CESSNA Citation Sovereign Price and Operating Costs

Specifications
The CESSNA Citation Sovereign, manufactured from 2004-2013, requires a 2 person crew and can transport up to 9 passengers. The aircraft has a maximum operating altitude of 47,000', a normal cruise speed of 459 KTS/528 MPH, and a 2,710 NM/3,119 SM seats-full range. The CESSNA Citation Sovereign has a 3,714' balanced field length and 2,953' landing distance. The cabin measures 05'08" high, 05'06" wide, and 25'03" long. It has a total baggage capacity of 135.00 ft^3; 35.00 ft^3 being internal and 100.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned CESSNA Citation Sovereign is $5,950,000.00. A $4,516,800.00 loan over 120 months including $18820 per month in interest equates to a $226,489.13 per-period payment. Based on 450 annual owner-operated hours and $5.12-per-gallon fuel cost, the CESSNA Citation Sovereign has total variable costs of $1,214,784.00, total fixed costs of $146,977.00, and an annual budget of $1,361,761.00. This breaks down to $3,026.14 per hour.