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 $1,122,499.75. A $573,750.00 loan over 120 months including $2390.62 per month in interest equates to a $28,769.96 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 $1,465,200.00, total fixed costs of $596,315.00, and an annual budget of $2,061,515.00. This breaks down to $4,581.14 per hour.