LEARJET 31A Price and Operating Costs


Specifications
The LEARJET 31A, manufactured from 1991-2003, 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 1,330 NM/1,530 SM seats-full range. The LEARJET 31A has a 3,705' 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 40.00 ft^3; 40.00 ft^3 being internal and 00.00 ft^3 being external.


Pricing
Depending on numerous factors, the average price for a pre-owned LEARJET 31A is $796,000.00. A $554,550.00 loan over 120 months including $2310.62 per month in interest equates to a $27,807.20 per-period payment. Based on 450 annual owner-operated hours and $5.12-per-gallon fuel cost, the LEARJET 31A has total variable costs of $1,024,380.00, total fixed costs of $66,823.00, and an annual budget of $1,091,203.00. This breaks down to $2,424.90 per hour.

RANGE:
1,330 NM / 1,530 SM
SPEED:
441 KTS / 508 MPH
PRICE:
$796,000.00
MAX PASSENGERS:
6 people
LEARJET 31A
Flying 450 Hours per Year
Flying 450 Hours per Year + 200 Charter Hours
Annual Owner Hours
450
450
Annual Charter Hours
-
200
Fuel Cost
$5.12
$5.12
Total Fixed Cost
$66,823.00
$68,703.00
Total Variable Cost
$1,024,380.00
$1,024,380.00
Annual Budget
$1,091,203.00
$1,093,083.00
Total Hourly Cost
$2,424.90
$2,429.07

LEARJET 31A

Retail High/Low/Average
Highest Price Found
$900,000.00
Lowest Price Found
$600,000.00
Average Price
$796,000.00
Avg. w/o High & Low
$842,000.00
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