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

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Citation VII Operating Costs

Sample annual operating cost summary.
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Citation VII Exterior

Annual Budget

The total annual budget for flying a Citation VII private jet 200 hours per year is approximately $982,250 or $1,586,437 for flying 400 hours per year. The maximum speed of the Citation VII is 528 mph, but with slower climb, cruise and descending speeds it is more likely to average 422 mph which would equate to an average cost per mile of approximately $11.63 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 $9.39.

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 VII 650? Prices range between $925,000 and $1,500,000 with 11 currently advertised for sale.

View Cessna Citation VII 650 private jets for sale

Citation VII 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$253,440$506,880
Maintenance$165,818$331,636
Engine Overhaul$139,929$279,857
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$604,187$1,208,373
Fixed Costs  
Crew$243,606$243,606
Crew Training$25,515$25,515
Hangar$33,925$33,925
Insurance$13,049$13,049
Jet Management$48,000$48,000
Miscellaneous Fixed$13,969$13,969
Total Fixed Costs$378,064$378,064
Total Annual Budget$982,250$1,586,437