LEARJET 31 Price and Operating Costs
Specifications
The LEARJET 31, production in 1988-1991, requires a two man crew and can be configured in 6 seats. Maximum operating altitude of 51,000′, a optimal cruise speed of 441 knots/508 MPH, and a 1,181 NM/1,360 SM seats-full range. The LEARJET 31 has a 4,485′ runway length (or runway plus clearway and/or stopway) and 3,207′ actual landing distance required. Cabin specifications: 04’04” cabin high, 04’11” cabin wide, and 12’11” cabin long. Maximum luggage capacity of 30.00 ft^3; 30.00 ft^3 being internal and N/A ft^3 being external.
Pricing
Average price for used aircraft LEARJET 31 is $650,000.00. A $272,725.00 loan over 10 years including $1136.35 per month in interest equates to a $13,675.44 per-month payment. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the LEARJET 31 has total variable costs of $961,087.50, total fixed costs of $322,798.00, and hypothetical summary cost of $1,283,885.50. How much does it cost to fly: $2,853.08 per hour.
Maximal total range:
1,181 NM / 1,360 SM
Cruise speed:
441 knots / 508 MPH
Average price:
$650,000.00
Number of passengers:
6 people
LEARJET 31 |
Flying 450 Hours per Year | Flying 450 Hours per Year + 200 Charter Hours |
| Owner-operated hours | 450 | 450 |
| Charter-operated hours | – | 200 |
| Fuel Cost per-gallon | $4.25 | $4.25 |
| Fixed operation and maintenance cost | $322,798.00 | $296,748.00 |
| Variable operation and maintenance cost | $961,087.50 | $961,087.50 |
| How much does a helicopter cost per year | $1,283,885.50 | $1,257,835.50 |
| Cost per hour | $2,853.08 | $2,795.19 |
LEARJET 31 |
High–low pricing |
| Highest Price | $650,000.00 |
| Lowest Price | $650,000.00 |
| Average Price | $650,000.00 |
| Avg. w/o High & Low | $0.00 |