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Cessna Citation CJ3 also known as model 525B, was for the first time issued in 2004 and became the third model in a line of the popular CitationJet planes (in abbreviated form – the CJ series). The speech in this article will go about technical characteristics and various costs of operation of CJ3, including option with obtaining the income from charter flights.

Cessna Citation CJ3 practically didn’t change till 2014, didn’t undergo certification yet. The plane received a set of the onboard radio-electronic equipment Garmin G3000, LED lighting and the modernized interior and was renamed into CJ3+. Before CJ3 it was equipped with a set of the onboard radio-electronic equipment Proline 21 Rockwell Collins. For beginners in the field of aircraft we will explain: the set of the onboard radio-electronic equipment is a display and computers which interact with all onboard systems. It provides to the pilot all information necessary for piloting and navigation of the plane.

On CJ3 two turbofan Williams International FJ-44-3A engines are installed, each of which makes 2 820 pounds of pull-rod. The plane can accomodate up to 9 passengers depending on a configuration of an interior and has two separate luggage compartments where it is possible to place with ease several bags for golf and a lot of baggage. In it it surpasses the competitors in whom large objects (such as golf clubs) should be placed in interior in pass between seats or on seats in a tailpiece of interior.

The plane can make flights on decent distance from 1 700 to 1 800 nautical miles with two pilots, two passengers and their baggage – in other words, it is the excellent plane for regional flights and rare travel between the Western and East coasts of the USA. As shown in a chart (below), the plane can reach without refueling from Dallas the majority of the cities on East and Western coasts.

Big advantage of the CJ series is that it is certified for piloting by one pilot that is very convenient for those owners who will pilot the plane independently. Those who fly on single Cessna CJ3, say that the cabin of the pilot of Proline 21 can be inconvenient at the brisk airport while others consider the plane manageable. That who will operate the plane with professional pilots three screens of the onboard radio-electronic equipment Proline 21 will allow to optimize crew cabin resources effectively. As for CJ3+, updating of the onboard radio-electronic equipment to the Garmin G3000 system does piloting more convenient for one pilot (see the drawing below) thanks to simplicity of the user interface and touch screens.

Eventually, the decision on whether to buy new CJ3+ or second-hand CJ3, will be based on your budget. New CJ3+ in a basic equipment will cost a little more than $8 million while the cost of second-hand CJ3 fluctuates from $4 million to $7,9 million. There are many factors which should be considered at acquisition of second-hand CJ3 especially as to some planes of this brand for 10 years. Some of these factors are given below:

Between-repairs run of the engine

Whether engines become covered by the program of full providing?

Damages/corrosion repair

Condition of paint

Condition of an interior

Compliance to the Directive on the flight validity and the Regulations of maintenance operation

Applicability of the onboard radio-electronic equipment

We receive many questions concerning structure of expenses on operation of CJ3 and advantages of this plane over others. It is a difficult question as there are many factors which need to be considered at operation of the plane and which define your individual structure of expenses. Approximately to designate estimated expenses, we will assume that the plane belongs to the natural person and is operated by professional aircraft company.

So, let’s consider structure of expenses. We will consider two options:

In private and/or corporate property and operation (part 91)

In private and/or corporate property and in operation of management company according to the charter license (part 135). It is usually used for compensation of a part of costs of operation or receiving tax benefits.

For each option we assume that purchase price makes $4 718 000 with the initial payment at a rate of 20% paid at the time of purchase.

200 hours of operation by the owner200 hours of operation by the owner / 200 charter hours
Payment schedule
Interest rate4%Interest rate4%
Payment periodMonthlyPayment periodMonthly
Term of the credit (months)120Term of the credit (months)120
Credit amount$3 774 400Credit amount$3 774 400
One-time payment$38 214One-time payment$38 214
Main sum of the credit$25 547Main sum of the credit$25 547
Sum of percent$12 666Sum of percent$12 666
CRITICAL PARAMETERS
Number of hours of annual operation by the owner200Number of hours of annual operation by the owner200
Number of annual charter hours200
Fuel gallon cost$5,80Fuel gallon cost$5,80
Charter class fare$2 700
VARIABLE ANNUAL EXPENSES
Fuel cost$179 800Fuel cost$179 800
Service of the case$39 640Service of the case$39 640
Engine servicing$53 554Engine servicing$53 554
Crew expenses$30 800Crew expenses$30 800
Cumulative variable expenses$303 794Cumulative variable expenses$303 794
CONSTANT ANNUAL EXPENSES
Expenses on crew$148 200Expenses on crew$148 200
Training of crew$27 690Training of crew$27 690
Garage$35 978Garage$35 978
Insurance$20 346Insurance$20 346
Other expenses for the plane$10 000Other expenses for the plane$10 000
Management/marketing$0Management/marketing$2 000
Payment / Capital expenditure$458 568Payment / Capital expenditure$458 568
Average market depreciation / year$36 997Average market depreciation / year$36 997
Cumulative expenses without a charter$737 778Cumulative expenses without a charter$739 778
INCOME FROM THE CHARTER
Profit on a charter$0Profit on a charter$540 000
Variable costs of a charter$0Variable costs of a charter$272 994
Net profit$0Net profit$267 006
Cumulative constant expenses taking into account a charter$0Cumulative constant expenses taking into account a charter$472 772
ANNUAL BUDGET
Hours a year200Hours a year200
The annual budget without a charter$1 041 572The annual budget without a charter$1 043 572
The annual budget taking into account a charter$776 566
MONTHLY BUDGET
The monthly budget without a charter$86 798The monthly budget without a charter$86 964
The monthly budget taking into account a charter$64 714
HOURLY EXPENSES
Hourly expenses of the owner without a charter$5 208Hourly expenses of the owner without a charter$5 218
Hourly expenses of the owner taking into account a charter$3 883

The data given above are provided to Aircraft Cost Calculator.

Variable costs of a charter consist of hourly maintenance costs of $465,97 and the hourly cost of fuel of $899,00 that in the sum makes the general hourly expenses of $1 364,97. This figure then is multiplied for 200 hours of a charter and gives as a result of $272 994.

The author of article, Nicholas Nyyubi, – the vice-president and the head of sales department and acquisitions of the Status Jet company.

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