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

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Citation V Operating Costs

Sample annual operating cost summary.
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Citation V Exterior

Annual Budget

The total annual budget for flying a Citation V private jet 200 hours per year is approximately $716,141 or $1,122,387 for flying 400 hours per year. The maximum speed of the Citation V is 495 mph, but with slower climb, cruise and descending speeds it is more likely to average 396 mph which would equate to an average cost per mile of approximately $9.04 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 $7.09.

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 V 560? Prices range between $600,000 and $1,150,000 with 16 currently advertised for sale.

View Cessna Citation V 560 private jets for sale

Citation V 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$184,800$369,600
Maintenance$100,321$200,642
Engine Overhaul$76,125$152,250
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$406,246$812,492
Fixed Costs  
Crew$200,665$200,665
Crew Training$16,875$16,875
Hangar$28,870$28,870
Insurance$5,495$5,495
Jet Management$48,000$48,000
Miscellaneous Fixed$9,990$9,990
Total Fixed Costs$309,895$309,895
Total Annual Budget$716,141$1,122,387