Citation 3 operating costs

Citation 3 operating costs DEFAULT

Citation III Ownership Overview

Buyers don’t have a hard time finding a Citation III for sale as from 1983-2000, roughly 200 were produced. Those looking for a jet situated firmly in the middle of all aspects, such as price and range, will take a liking to what the first jet in the Citation model 650 family has to offer.

Citation III Cabin Experience

The Citation III is capable of transporting 7 passengers and 2 crew members. The aircraft has a cabin that’s nearly 20ft long and a fuselage that’s 55ft in length. The entry door to the jet is 5ft tall and 2ft wide.

Total cabin space is around 420 cubic feet, allowing for a width of more than 5ft and a height of just under 6ft. Typically each passenger is given more than 35 cubic feet of space, while baggage is allocated 61 cubic feet all in an external compartment.

Citation III Mission Profile

Customers who buy a Citation III are looking for the best of all worlds. The Citation III is situated firmly between that of its family members and that of the class it’s competing in. It’s for those looking for a respectable range and a decent amount of space, all for a reasonable price.

A highlight to this jet is that it’s fast. The Citation III was designed to get travelers to their destinations quickly, while providing them with a high level of comfort in-flight. While the cabin has less space than its competition, it was designed so that passengers can’t tell the difference. It offers the luxury that the Citation family is known so well for.

Buy or Sell a Citation III with evoJets

Are you interested in Citation III ownership? evoJets can help. Don't waste hours on public listing engines with outdated photos, vague information, and placeholders for prices.

Our experienced reps can wade through the fragmented Midsize Jet Sales market and help you buy, sell, trade, or lease your Citation III with efficiency. With over a decade of experience in business aviation charter and ownership, we have the off-market aircraft sales connections and industry knowledge to put you on a path to success.

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Deliveries of the Cessna Citation III began in 1983, with deliveries ending in 1992. 203 Citation III aircraft are currently in active service.

The Citation III can accommodate up to 9 passengers, with a maximum baggage capacity of 61 cubic feet.

When in its optimum configuration, the Cessna Citation III can cruise non-stop for up to 2,348 nautical miles (2,702 miles / 4,348 km). However, when configured for the fastest cruise speed, the Citation III can maintain a cruise speed of 472 knots.

The Cessna Citation III can cruise at up to 51,000 feet. Additionally, the Citation III has an average hourly fuel burn of 241 Gallons per Hour (GPH).

Thanks to its Honeywell TFE731-3B engines, the Citation III has a total thrust output of 7,300 lbs.

In terms of cost, the Citation III has an estimated hourly charter price of $3,500. Furthermore, back when deliveries of the Cessna Citation III began, the list price for a new example was $8 million.

Jump straight to the total cost table of the Cessna Citation III.

Cessna Citation III Cost Overview

When it comes to operating the Cessna Citation III, there are two expense categories to consider – fixed costs and variable costs.

Fixed costs are those that you pay no matter what. Whether the aircraft flies or not has no effect on fixed costs. These costs do not change in relation to the number of hours the aircraft flies.

So, therefore, whether you fly the aircraft 50 hours per year or 500 hours, the fixed costs will remain the same.

The estimated annual fixed cost for operating the Citation III is $371,325.

Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year.

The best example of a variable cost in this case is fuel use. One of the biggest costs when flying by private jet is fuel. See this to learn about private jet fuel costs.

Clearly, the more you fly the aircraft, the more fuel it will use. Therefore, flying 500 hours per year will result in variable costs 10 times greater than if you were to fly 50 hours per year.

Therefore, the estimated variable cost for private jets is presented as an hourly figure. This is how much extra the aircraft will cost you per flight hour.

Therefore, the estimated hourly variable rate for operating the Cessna Citation III is $3,114.

Of course, this hourly variable cost is different to that of the estimated hourly charter price. This is because, per hour, charter flights cost more. There are further parties involved. The hourly charter price is the aircraft’s hourly variable cost, along with factoring in fixed costs and broker fees.

Citation III Fixed Cost Breakdown

When it comes to fixed costs, there are six criteria that have been identified as the biggest contributors to the annual cost of operation.

These costs are crew salary, crew training, hangar, insurance, management and then the additional, miscellaneous fixed costs.

These costs are explained in further detail below the table.

The table below details the estimated cost of each fixed cost for the Cessna Citation III.

Fixed CostAnnual Spend
Crew Salary$244,344
Crew Training$25,585
Hangar$33,785
Insurance$5,598
Management$48,000
Miscellaneous Fixed$14,013
Total$371,325

Crew Salary

In terms of fixed costs, the crew salary is a significant one. Additionally, it is a cost that fluctuates significantly depending on region, aircraft type and certification requirements.

Whether the aircraft is flying or not, the crew will need to be paid their salaries.

Consequently, the crew salary is just that – the amount you pay your crew.

This is a cost that will vary depending on region and aircraft type. For example, the cost of labor in certain parts of the world is lower than others. Additionally, crew for larger aircraft will typically cost more.

Additionally, larger aircraft require more crew. For example, most light jets are certified for single pilot use. Therefore, you could get away with just pilot. However, larger aircraft will require at least two crew, sometimes three for a longer flight. Additionally, a flight attendant may be required.

Crew Training

Having well trained crew members is important. Again, they are integral to the safe and efficient operation of your aircraft.

Keeping aircraft type ratings valid and ensuring that crew members maintain their high standards is key.

This is a cost that will keep on occurring every year, whether your aircraft flies or not.

Hangar Costs

The storage of a private jet when not in use is important to consider.

Where are you going to leave your multi-million dollar aircraft when it isn’t in the sky?

Of course, you want it to be somewhere safe, secure and convenient. Therefore, for most private jet owners a hangar is a preferable option over leaving it outside.

Naturally, there are many factors that will influence the annual cost of hangarage. Factors such as aircraft size, airport location and service amenities will all impact the cost.

As a result, the hangar cost stated is a general average for the aircraft type. However, this fee can fluctuate significantly.

Insurance Costs

In simple terms, there are two types of insurance that private jets must have.

The first is liability insurance. This provides cover against loss, damage or injury to third parties. Third parties in this case include passengers, cargo and baggage. While exact details will vary from policy to policy, cover is generally not provided for the pilot in command or the actual aircraft.

This then leads to the second part of private jet insurance – hull insurance. Hull insurance policies are agreed on a value basis. That is, the value of the aircraft. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value.

This are two essential pieces of insurance for private jets. However, owners may also wish to consider aviation hull war insurance and crew insurance.

Aviation hull war insurance provides cover for loss of the aircraft due to war, hijack, confiscation, malicious damage and other similar risks. This is typically chosen by owners who will be flying private jets into hazardous destinations.

Crew insurance allows pilots and crew members to be provided with an enhanced employee benefit package. Such as including loss of licence cover, personal accident cover and travel insurance.

Management Costs

Aircraft management is an essential component when owning and operating a private jet.

An aircraft management team provide all the necessary services required to fly the aircraft. For example, sourcing and managing pilots to making sure the aircraft is airworthy, are all tasks provided by your aircraft management company.

Of course, there is the option of so called self-management. This is where the management tasks are left with your pilot in command. However, this option is rarely selected. Therefore, in the ownership cost example we assume an aircraft management company is involved.

Your aircraft management team will typically perform the following tasks:

  • Flight bookings
  • Flight planning
  • Charter marketing / sales
  • Crew scheduling
  • Aircraft airworthiness reviews and tasks
  • Maintenance scheduling
  • Invoice management
  • Crew management

Additionally, your aircraft management team will likely provide many more small activities in order to ensure a smooth operation of the aircraft.

Of course, there are many factors that will affect the total price of your aircraft management fee. Primarily the difference in cost will depend on the aircraft type, use and region of operation.

Miscellaneous Fixed Costs

The miscellaneous fixed costs are made up of everything that doesn’t fit into the above categories.

Things such as the fees for charts, software and computers to manage your aircraft will be in this category.

When owning a private jet there will likely be surprise costs and upgrades that occur throughout your ownership experience.

Therefore, it is good practice to factor in additional, unexpected costs per year.

Citation III Variable Cost Breakdown

Variable costs are those that change depending on the usage of the aircraft. Variable costs can be broken down into hourly chunks.

This, therefore, results in an hourly variable cost figure. This figure is the cost per hour that the aircraft is flown.

There are five factors that we have built into the hourly variable cost figure. These values are the cost of fuel, maintenance, engine overhaul, crew, landing & handling fees, along with other various costs.

All these variables are proportional to the number of hours flown. For example, the more you fly the aircraft, the more fuel it will use.

See below for a table of the estimated hourly variable costs when operating the Cessna Citation III.

Below the table you will find an explanation of each variable.

Variable CostHourly Spend
Fuel Cost$242,880
Maintenance$201,879
Engine Overhaul$133,053
Crew/Landing/Handling Fees$40,000
Miscellaneous Variable$5,000
Total$622,812

Fuel Costs

Fuel costs are a significant hourly expense when operating a private jet. The more hours you fly, the more fuel the aircraft burns.

Of course, the amount of fuel that the aircraft burns per hour will vary greatly depending on its average hourly consumption, measure in Gallons per Hour (GPH).

Read this article to learn more about how much private jet fuel costs.

Or read this article to see the different fuel burn figures for all private jets.

Different aircraft burn different volumes of fuel per hour. However, a general rule of thumb is that the larger the aircraft, the greater the hourly fuel consumption.

Of course, depending on location, fuel prices vary dramatically. Therefore, this cost will be slightly adjusted depending on the fuel cost at the FBO.

Maintenance Costs

In order to ensure that aircraft are safe to fly they require maintenance at regular intervals.

These intervals are scheduled and depend on the manufacturer’s guidelines. Moreover, maintenance is scheduled based on number of hours flown.

For example, a certain aircraft may need an inspection every 100 hours. Therefore, you can plan around when the aircraft requires maintenance.

Additionally, these maintenance events are in direct relation to the number of hours that the aircraft is flown.

Therefore, the more the aircraft flies, the more maintenance it will require.

However, this cost also takes into account any unexpected maintenance events. For example, a bird strike or blown tire will introduce an unexpected maintenance check.

Engine Overhaul Costs

An engine overhaul is a scheduled event that is essentially the maintenance and inspection of the engine.

Given the term ‘overhaul’, the event is more serious than a quick visual inspection. And, in a major engine overhaul, a complete disassembly and inspection of the engine.

Again, much like maintenance of the airframe, the more an engine is used, the more wear and tear the engine will experience. Therefore, the more hours flown, the quicker an engine overhaul will be required. Additionally, the more hours flown the more often an engine overhaul will need to be performed.

If you are interested in learning more about engine overhauls, then read this article.

Crew/Landing/Handling Costs

Crew fees, landing fees, and handling fees are highly dependant on the route taken. Therefore, it is hard to given an accurate figure.

Crew fees are those that you need to pay the crew during an extended stay. Additionally, crew fees are highly dependant on the length of stay and the location. For example, crew overnight expenses, such as hotels and food, will cost far more in New York City than Wichita, Kansas.

Secondly, when landing at an airport, aircraft are charged a landing fee. This fee is usually based on the weight of the aircraft. Therefore, larger aircraft have greater landing fees than smaller aircraft.

Landing fees will vary from airport to airport. For example, if you were to regularly fly out of La Guardia airport, New York, the cost of landing fees would be greater than if you regularly flew from Wichita National Airport.

And finally, handling fees go hand in hand with landing fees. When on the ground you will need the aircraft to be parked securely, bags unloaded and various ground services. There are typically provided by the FBO (fixed-base operator). Of course, all these services will come at a price.

Again, the price of handling fees will vary depending on airport and aircraft size.

Miscellaneous Costs

Miscellaneous variable costs are very similar to the miscellaneous fixed costs. No matter how well you plan and budget, there will always be some unexpected costs involved.

Therefore, this budget accounts for the unexpected.

Cessna Citation III Total Costs

Annual CostFlying 200 hours per year
Crew Salary$244,344
Crew Training$25,585
Hangar$33,785
Insurance$5,598
Management$48,000
Miscellaneous Fixed$14,013
Total Fixed Costs$371,325
Fuel Cost$242,880
Maintenance$201,879
Engine Overhaul$133,053
Crew / Landing / Handling$40,000
Miscellaneous Variable$5,000
Total Variable Costs$622,812
Total Annual Costs$994,137

Cessna Citation III Annual Budget Calculator

Use the calculator below to calculate the estimated annual budget to operate the Cessna Citation III.

Simply enter the number of hours per year and receive click “Get Annual Budget”. Below you will then see the estimated annual budget for owning and operating the Citation III.

The final value takes into account both fixed and variable costs. Please note that the final value is an estimate only. Additionally, note that all values are in USD.

Cessna Citation III Annual Budget:

$0 per Year


Learn more about the Cessna Citation III.

Sours: https://compareprivateplanes.com/articles/cessna-citation-iii-ownership-operating-costs
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Cessna Citation III

Charter a Private Flight on the Cessna 650 Citation III

Air Charter Advisors offers private jet charter services on the Cessna 650 Citation III, a midsize business jet with a 2,350 nautical mile range and seating for up to 6-7 passengers.

Citation III charter

This was Cessna’s first entry in the midsize business jet category. Instead of relying on smaller existing versions of their Citation line, they designed the CE650 from scratch, creating a platform that later introduced the Citation VI and Citation VII variants.

The Citation III debuted in 1983 and quickly established class-leading performance records for its climb rate and overall speed, reaching 49,200 ft in just 23 minutes and 24 seconds, and flying non-stop from Gander Airport to Paris le Bourget in just 5 hours and 13 minutes while averaging a speed of 429 knots.

The first model that rolled off the line was owned by golfer Arnold Palmer. Production lasted until 1992, with a total of 202 built over its 9-year run.

For instant pricing & availability on Cessna Citation III’s and similar midsize jets based in your area, request a quote or speak with our advisors at +1 (888) 987-5387.

Citation III Pricing, Performance & Specifications

The cost to charter a Cessna CE650 Citation III starts at around $3,500 an hour and will vary based on year of make, model, positioning, scheduling, flight routing, passenger/baggage amounts, and other factors. Request a quote or call for a free charter quote with exact, all-inclusive pricing.

  • Year of Make: 1983 — 1992
  • Manufacturer: Cessna
  • Class: Midsize Jet
  • MSRP: $8.1M (1990)
  • Hourly Rate: $3,000 – $4,000*

General Details

  • Crew: 2 pilots
  • Capacity: up to 7 Passengers
  • Height: 16 ft 10 in
  • Length: 55 ft 6 in
  • Wingspan: 53 ft 6 in
  • External Baggage: 61 cu ft
  • MTOW: 22,000 lb
  • Max Payload: 1,600 lb

Performance Specs

  • Max Speed: 465 kts
  • Cruise Speed: 427 kts
  • Range: 2,348 nmi (2,702 mi; 4,348 km) w/ 2 crew & 4 pax
  • Climb Rate: 3,805 ft/min
  • Ceiling: 51,000 ft
  • Runway: 5,630 ft (takeoff); 4,208 ft (landing)
  • Engines: 2x Honeywell TFE 731-3B
  • Thrust: 3,650 lbf (16.2 kN) thrust each

Interior Dimensions

  • Seats: 6
  • Cabin Height: 5 ft 8 in
  • Cabin Width: 5 ft 7 in
  • Cabin Length: 18 ft 4 in
  • Total Volume: 422 cu ft
  • Bathroom: Enclosed Lav

Photo Gallery

Purchase a Cessna Citation III

Air Charter Advisors offers private jet sales & acquisition services for individuals and business groups interested in buying or selling a Cessna Citation III. This was the first entry into the midsize category for Cessna, debuting with a price tag of around $8 million.

The cost of ownership for a Cessna Citation III over 200 flight hours carries an annual budget of around $998k, with $372k in fixed costs and $626k in operating/variable costs. The operating cost for the Citation III comes out to around $3,130 per hour, or approximately $11.45 a mile.

Pre-owned models are available for between $500,000 and $800,000, and our team offers access to private planes both on and off market. For sales, purchases, and fractional ownership on the Cessna 650 Citation III, give us a call or email us for more information.

Cessna Citation III Jet Charter Services and Jet Cards

Air Charter Advisors offers luxury and business aviation services on the Cessna CE650 Citation III, including private jet charters, jet cards, sales/acquisitions, charter marketing, and aircraft management. If you’re interested in chartering, purchasing, or selling a midsize jet, submit a request or call us directly at 1-888-987-(JETS) 5387.


* Average hourly rates are examples and vary depending on make, model and year; amenities, routing and scheduling/availability, and do not include fuel, taxes, or re-positioning. Pictures are for example only. The age, color, interior layout, hourly rates, specifications, dimensions may all vary between aircraft. All images copyrighted and provided courtesy of Cessna/Textron Inc. unless noted otherwise.

Sours: https://www.aircharteradvisors.com/cessna-citation-iii/

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