LEARJET 31 Price and Operating Costs

Specifications
The LEARJET 31, manufactured from 1988-1991, 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 441 KTS/508 MPH, and a 1,181 NM/1,360 SM seats-full range. The LEARJET 31 has a 4,485' balanced field length and 3,207' landing distance. The cabin measures 04'04" high, 04'11" wide, and 12'11" long. It has a total baggage capacity of 30.00 ft^3; 30.00 ft^3 being internal and 00.00 ft^3 being external.

Pricing
Depending on numerous factors, the average price for a pre-owned LEARJET 31 is $650,000.00. A $272,725.00 loan over 120 months including $1136.35 per month in interest equates to a $13,675.44 per-period payment. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the LEARJET 31 has total variable costs of $961,087.50, total fixed costs of $322,798.00, and an annual budget of $1,283,885.50. This breaks down to $2,853.08 per hour.