CESSNA Citation V Price and Operating Costs


Specifications
The CESSNA Citation V, manufactured from 1989-1994, requires a 2 person crew and can transport up to 7 passengers. The aircraft has a maximum operating altitude of 45,000', a normal cruise speed of 397 KTS/457 MPH, and a 1,190 NM/1,370 SM seats-full range. The CESSNA Citation V has a 3,646' balanced field length and 2,864' landing distance. The cabin measures 04'10" high, 04'10" wide, and 17'04" long. It has a total baggage capacity of 67.00 ft^3; 26.00 ft^3 being internal and 41.00 ft^3 being external.


Pricing
Depending on numerous factors, the average price for a pre-owned CESSNA Citation V is $978,600.00. A $489,300.00 loan over 120 months including $2038.75 per month in interest equates to a $24,535.32 per-period payment. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation V has total variable costs of $838,687.50, total fixed costs of $316,427.00, and an annual budget of $1,155,114.50. This breaks down to $2,566.92 per hour.

RANGE:
1,190 NM / 1,370 SM
SPEED:
397 KTS / 457 MPH
PRICE:
$978,600.00
MAX PASSENGERS:
7 people

CESSNA Citation V

Flying 450 Hours per Year
Flying 450 Hours per Year + 200 Charter Hours
Annual Owner Hours
450
450
Annual Charter Hours
-
200
Fuel Cost
$4.25
$4.25
Total Fixed Cost
$316,427.00
$235,777.00
Total Variable Cost
$838,687.50
$838,687.50
Annual Budget
$1,155,114.50
$1,074,464.50
Total Hourly Cost
$2,566.92
$2,387.70
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