begin quote from:
https://www.libertyjet.com/jet-ownership-costs.aspx?jetType=CE-560
Citation V Operating Costs
Annual Budget
The total annual budget for flying a Citation V private jet 200 hours per year is approximately $835,001 or $1,360,107 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 $10.54 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 $8.59.
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 V 560? Prices range between $1,995,000 and $2,595,000 with 18 currently advertised for sale.
View Cessna Citation V 560 private jets for saleSample Operating Budget
| Cost | flying 200 hours/year | flying 400 hours/year |
|---|---|---|
| Direct Operating Costs (DOC) | ||
| Fuel Cost @ $7.23/gal Updated to Nat'l Avg Each Week | $303,660 | $607,320 |
| 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) | $525,106 | $1,050,212 |
| 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 | $835,001 | $1,360,107 |
How much can you save?
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