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


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Citation III Operating Costs

Sample annual operating cost summary.
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Citation III Exterior

Annual Budget

The total annual budget for flying a Citation III private jet 200 hours per year is approximately $1,150,353 or $1,929,381 for flying 400 hours per year. The maximum speed of the Citation III is 544 mph, but with slower climb, cruise and descending speeds it is more likely to average 435 mph which would equate to an average cost per mile of approximately $13.22 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 $11.08.

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

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Cost to Purchase

How much does it cost to buy a Cessna Citation III 650? Prices range between $995,000 and $1,300,000 with 11 currently advertised for sale.

View Cessna Citation III 650 private jets for sale

Sample Operating Budget

Costflying 200 hours/yearflying 400 hours/year
Direct Operating Costs (DOC)  
Fuel Cost @ $7.23/gal Updated to Nat'l Avg Each Week$399,096$798,192
Engine Overhaul$133,053$266,106
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$779,028$1,558,055
Fixed Costs  
Crew Training$25,585$25,585
Jet Management$48,000$48,000
Miscellaneous Fixed$14,013$14,013
Total Fixed Costs$371,325$371,325
Total Annual Budget$1,150,353$1,929,381
Citation III Interior

How much can you save?

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