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 1,609 NM/1,852 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 $2,148,000.00. 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 $7.00-per-gallon fuel cost, the CESSNA Citation V has total variable costs of $1,146,150.00, total fixed costs of $333,077.00, and an annual budget of $1,479,227.00. This breaks down to $3,287.17 per hour.