CESSNA Citation V Price and Operating Costs
Specifications
The CESSNA Citation V, production in 1989-1994, requires a two man crew and can be configured in 7 seats. Maximum operating altitude of 45,000′, a optimal cruise speed of 397 knots/457 MPH, and a 1,190 NM/1,370 SM seats-full range. The CESSNA Citation V has a 3,646′ runway length (or runway plus clearway and/or stopway) and 2,864′ actual landing distance required. Cabin specifications: 04’10” cabin high, 04’10” cabin wide, and 17’04” cabin long. Maximum luggage capacity of 67.00 ft^3; 26.00 ft^3 being internal and 41.00 ft^3 being external.
Pricing
Average price for used aircraft CESSNA Citation V is $1,257,000.00. A $489,3N/A loan over 10 years including $2038.75 per month in interest equates to a $24,535.32 per-month payment. Based on 450 hours a year and fuel cost at $4.25 per-gallon, the CESSNA Citation V has total variable costs of $838,687.50, total fixed costs of $316,427.00, and hypothetical summary cost of $1,155,114.50. How much does it cost to fly: $2,566.92 per hour.
Maximal total range:
1,190 NM / 1,370 SM
Cruise speed:
397 knots / 457 MPH
Average price:
$1,257,000.00
Number of passengers:
7 people
CESSNA Citation V |
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 | $316,427.00 | $235,777.00 |
| Variable operation and maintenance cost | $838,687.50 | $838,687.50 |
| How much does a helicopter cost per year | $1,155,114.50 | $1,074,464.50 |
| Cost per hour | $2,566.92 | $2,387.70 |
CESSNA Citation V |
High–low pricing |
| Highest Price | $1,695,000.00 |
| Lowest Price | $995,000.00 |
| Average Price | $1,257,000.00 |
| Avg. w/o High & Low | $1,198,333.33 |