LEARJET 40 Price and Operating Costs

Specifications
The LEARJET 40, manufactured from 2004-2007, 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 1,671 NM/1,923 SM seats-full range. The LEARJET 40 has a 4,221' balanced field length and 3,080' 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 40 is $4,100,000.00. A $933,000.00 loan over 120 months including $3887.5 per month in interest equates to a $46,784.09 per-period payment. Based on 450 annual owner-operated hours and $7.00-per-gallon fuel cost, the LEARJET 40 has total variable costs of $1,188,450.00, total fixed costs of $438,460.00, and an annual budget of $1,626,910.00. This breaks down to $3,615.36 per hour.