LEARJET 70 Price and Operating Costs

Specifications
The LEARJET 70 , manufactured from 2013-2019, requires a 2 person crew and can transport up to 6 passengers. The aircraft has a maximum operating altitude of 51,000', a normal cruise speed of 436 KTS/502 MPH, and a 1,786 NM/2,055 SM seats-full range. The LEARJET 70 has a 4,124' balanced field length and 3,100' landing distance. The cabin measures 04'11" high, 05'01" wide, and 17'08" long. It has a total baggage capacity of 65.00 ft^3; 15.00 ft^3 being internal and 50.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned LEARJET 70 is $8,469,000.00. A $4,234,500.00 loan over 120 months including $17643.75 per month in interest equates to a $212,333.56 per-period payment. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the LEARJET 70 has total variable costs of $1,167,300.00, total fixed costs of $458,458.00, and an annual budget of $1,625,758.00. This breaks down to $3,612.80 per hour.