How much it costs to own and operate a Citation II private jet

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Citation II Operating Costs

Sample annual operating cost summary.
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Citation II Exterior

Annual Budget

The total annual budget for flying a Citation II private jet 200 hours per year is approximately $719,840 or $1,124,118 for flying 400 hours per year. The maximum speed of the Citation II is 432 mph, but with slower climb, cruise and descending speeds it is more likely to average 346 mph which would equate to an average cost per mile of approximately $10.41 at 200 hours per year. If you fly 400 hours per year, you can spread the total fixed costs over more flight hours which reduces your cost per mile to $8.13.

These budgets do not include the cost to purchase the jet, depreciation or the cost of capital (interest payments.)

In the market to buy, sell or manage a jet you own? Please contact a Jet Advisors for a free consultation and estimate. Liberty Jet offers Jet Management, Private Jet Cards and Private Jet Charter services.

Cost to Purchase

How much does it cost to buy a Cessna Citation II 550? Prices range between $250,000 and $1,895,000 with 41 currently advertised for sale.

View Cessna Citation II 550 private jets for sale

Citation II Interior

How much can you save?

Get a FREE Consultation and Evaluation Own a Jet? Liberty Jet can save you thousands each year. Send us your contact details below and we will send you a free evaluation. See our Jet Management sample proposal to see how much you can save.

Sample Operating Budget

Costflying 200 hours/yearflying 400 hours/year
Direct Operating Costs (DOC)  
Fuel Cost @ $4.40/gal Updated to Nat'l Avg Each Week$159,280$318,560
Maintenance$105,993$211,986
Engine Overhaul$94,005$188,010
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$404,278$808,557
Fixed Costs  
Crew$201,787$201,787
Crew Training$16,798$16,798
Hangar$28,038$28,038
Insurance$10,957$10,957
Jet Management$48,000$48,000
Miscellaneous Fixed$9,983$9,983
Total Fixed Costs$315,562$315,562
Total Annual Budget$719,840$1,124,118