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 1,181 NM/1,359 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 $910,000.00. A $492,500.00 loan over 120 months including $2052.08 per month in interest equates to a $24,695.78 per-period payment. Based on 450 annual owner-operated hours and $6.00-per-gallon fuel cost, the LEARJET 31A has total variable costs of $1,143,000.00, total fixed costs of $488,392.00, and an annual budget of $1,631,392.00. This breaks down to $3,625.32 per hour.