Cessna Citation III Price and Operating Costs


Specifications


The CESSNA Citation III, manufactured from 1983 - 1991, requires a 2 person crew and can transport up to 8 passengers. The aircraft has a maximum operating altitude of 51,000', a normal cruise speed of 431 KTS/496 MPH, and a 1,725 NM/1,985 SM seats-full range. The CESSNA Citation III has a 5,489' balanced field length and 3,213' landing distance. The cabin measures 05'08" high, 05'06" wide, and 18'05" long. It has a total baggage capacity of 61.00 ft^3; 00.00 ft^3 being internal and 61.00 ft^3 being external.


Pricing


Depending on numerous factors, the average price for a pre-owned CESSNA Citation III is $977,799.80. A $458,333.33 loan over 120 months including $1909.72 per month in interest equates to a $22,982.54 per-period payment. Based on 450 annual owner-operated hours and $6.00-per-gallon fuel cost, the CESSNA Citation III has total variable costs of $1,557,450.00, total fixed costs of $596,315.00, and an annual budget of $2,153,765.00. This breaks down to $4,786.14 per hour.

RANGE:
1,725 NM / 1,985 SM
SPEED:
431 KTS / 496 MPH
PRICE:
$977,799.80
MAX PASSENGERS:
8 people
CESSNA Citation III
Flying 450 Hours per Year
Flying 450 Hours per Year + 200 Charter Hours
Annual Owner Hours
450
450
Annual Charter Hours
-
200
Fuel Cost
$6.00
$6.00
Total Fixed Cost
$596,315.00
$542,115.00
Total Variable Cost
$1,557,450.00
$1,557,450.00
Annual Budget
$2,153,765.00
$2,099,565.00
Total Hourly Cost
$4,786.14
$4,665.70

CESSNA Citation III

Retail High/Low/Average
Highest Price Found
$1,299,999.00
Lowest Price Found
$839,000.00
Average Price
$977,799.80
Avg. w/o High & Low
$916,666.67

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