Unsave Save. With its range of 3500 Nautical Miles, this jet belongs to a special category of long-range business jets . CESSNA CITATION LATITUDE. 6 ft. Cabin width. Passenger Seating. That means the price for a 30-minute flight had been $6,756. 7. hours . As an aircraft’s maintenance condition is considered, buyers must look beyond the visible wear and tear on the jet’s interior and exterior and factor in when any expensive scheduled overhauls or inspections are scheduled to take place, and whether (or not) the aircraft has been enrolled on an hourly maintenance cost program or remains under manufacturer warranty. 2.83m 3. baggage. Lower fees can also be obtained by relocating to less populated areas and ferrying the aircraft back and forth which will increase the number of flight hours and maintenance cycles. In this month’s Jets Comparison, Mike Chase provides information on the Cessna Citation Latitude. configured (compared to others in its fleet); how it has been Recently, NetJets cut the hourly cost on its Phenom 300 Elite Card to $6,756 per hour. A Cessna Citation X+ is $4,098.69, while the new Cessna Latitude is $2,935.67. more height and 11 in. However, this is a competitive market place and customers have been getting light jets for less than list price. Once the fleet for sale becomes more than 10% the opposite is true, and the market is defined as being a buyers’ market. Detailed review and description of the Cessna Citation Latitude private charter jet coming soon. When assessing whether an aircraft is affordable for the budget, buyers need to remember the costs don’t stop at the acquisition of the aircraft. Further, the main air-stair entry door is 5.5 ft high and 2.6 ft wide. the condition and value of one aircraft within the fleet can differ Does the Number of Cessna Citation Latitudes for Sale Matter? A management company with similar jets on certificate has more flexibility in scheduling crew from one jet to another. Combined with a relatively small proportion of the fleet being on the market, this may give the seller a stronger case for obtaining a higher sale price, especially when the market is active and healthy. Performance . Cabin height. Some aircraft types will have maintenace programs in place for more predictable costs. While website rates often look great, they don’t necessarily match your invoice. Cessna is cutting production of Citation Jets – including th… Get Insurance Operating Costs Apply for Financing. Unit cost: US$27 million. Unit cost: Under US$17.457M (2019) Developed from: Cessna Citation Sovereign: Developed into: Cessna Citation Longitude: The Cessna Citation Latitude (Model 680A) is a 2,700 nmi (5,000 km) range business jet built by Cessna. If you are in the market to buy a used Cessna Citation Most owners purchase the majority of their fuel at their home base airport which is why the selection of a hangar an important component in managing costs. If you plan to place your aircraft on a charter certificate, they may have minimum number of hours in total and in type. Air Partner charges $177,500 for 25 hours on their mid size JetCard which offers model year 2000 or newer aircraft. Announced at the May 2012 EBACE, it made its first flight on October 8, 2016, with certification obtained in September 2019. modified or upgraded during its lifetime – and the impact of those This breaks down to $3,492.09 per hour. This breaks down to $3,443.22 per hour. The data also shows market trends including whether the average ask price for this aircraft has increased or decreased in the last six months. A $3,995,000.00 loan over 120 months including $16645.83 per month in interest equates to a $200,324.14 per-period payment. What level of experience will you require for your pilot and copilot? This breaks down to $2,900.60 per hour. What Else Should a Citation Latitude Buyer Consider? Equipped with NextGen-capable, touch-screen GARMIN G5000 avionics, the Citation … Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation CJ2 has total variable costs of $612,450.00, total fixed costs of $330,096.00, and an annual budget of $942,546.00. The operating costs associated with a newer model Citation Latitude will differ from those of an older model, and buyers are advised to seek professional advice to get a fuller picture of the projected operating costs prior to buying their jet. A Dassault Falcon 8X costs $3,803.75 per hour while a Learjet 75 is $2,172.31, and a Bombardier … Maintenance on the X is $984.99 per hour, on average, including $269.97 for the airframe and $715.02 for the engine/APU. Cabin configurations may vary. 6.4 ft. Cabin Length. Heavy Jets The current value range covering all production years for this Make / Model based on recent transactions, including Comparable Aircraft Models. Detailed review and description of the Cessna Citation Longitude coming soon. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation Excel has total variable costs of $957,712.50, total fixed costs of $347,556.00, and an annual budget of $1,305,268.50. Total Fixed Costs are expenses which are required no matter how many hours you fly. The Latitude has 3.6 in. Sign up for free aircraft sales alerts and digital aviation magazines now. ultimately something that will be negotiated between the buyer and If you have a management company, they will often times pass their fleet discounts on to owners. What Impacts a Cessna A used Cessna Citation Latitude’s fair market value is Unscheduled events are more difficult to manage and happen on the road such as a blown tire, bird or lightning strike. 21.16 ft. Baggage Internal . How long are your trips away from home base? Some high density locations offer shared hangar space which is offered on a first come-first served basis and is a good option for those who will be away from home base often. Financial … The agreed price will account for different factors, including model year; how the aircraft has been equipped and configured (compared to others in its fleet); how it has been modified or upgraded during its lifetime – and the impact of those upgrades on its performance and costs; and its overall maintenance condition. As the chart displays, fixed costs are spread over more hours, the more you fly up to the point where additional crew will be required. How Does the Citation Latitude Compare With Other Aircraft? Passenger Capacity: 8 – 9; Cost to Buy $16 Million. Jet Charter . Looking at additional manufacturers, an Embraer Lineage 1000E costs $5,827.32 per hour, while a Cessna Citation Mustang is $1,015.37. The Citation Latitude jet is the first aircraft in its class to push the comfort level while keeping you connected. Cessna Citation Latitude were produced from 2016 to 2020. That midsize jet with a two-hour daily minimum at $6,750 per hour is going to cost you $13,500 at least for that 45-minute flight ($6,750 x 2 hours). Generally, newer aircraft (i.e., those aged five years and younger) tend to generate more interest in the marketplace, assuming they have been well maintained. These include FET and all fuel charges. thrust at takeoff. The newest aircraft on the NetJets fleet the Citation Latitude replaces its smaller sibling, the Citation Excel, the world’s most popular business jet. Citation Latitude Charter Rates (Per hour) • One-way $4,950 - $6,050 • Round-trip $4,455 - $5,445 * Pricing is based on aircraft availability and the positioning requirements of the aircraft. substantially from an apparently very similar jet – even if they Cessna Citation Latitude Jet Charter Companies. 9. With a cabin height of six feet and the largest cabin cross-section in the NetJets midsize jet class, the Citation Latitude is a true game changer. Some questions to ask yourself before committing to a crew budget: There are two primary companies who provide crew training and both offer discounts for large fleet operators. We added 50% more crew at 800 flight hours and double the crew expense for 1,000 hours. The Citation Latitude was designed to be cheaper than its predecessor, the Sovereign+ and larger than the Citation XLS. Some high density locations offer shared hangar space which is offered on a first come-first served basis and is a good option for those who will be away from home base often. Whether the average ask price for a one-way operators will have fleet Policies with discounted rates a 1,212,900.00... Was designed to be cheaper than its predecessor, the main air-stair entry door 5.5... Has increased or decreased in the last 5 production years for this Make / Model on... Heavy jets Recently, NetJets cut the hourly cost of this aircraft has increased decreased. 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