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?
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 owner||200 hours of operation by the owner / 200 charter hours|
|Interest rate||4%||Interest rate||4%|
|Payment period||Monthly||Payment period||Monthly|
|Term of the credit (months)||120||Term of the credit (months)||120|
|Credit amount||$3 774 400||Credit amount||$3 774 400|
|One-time payment||$38 214||One-time payment||$38 214|
|Main sum of the credit||$25 547||Main sum of the credit||$25 547|
|Sum of percent||$12 666||Sum of percent||$12 666|
|Number of hours of annual operation by the owner||200||Number of hours of annual operation by the owner||200|
|Number of annual charter hours||200|
|Fuel gallon cost||$5,80||Fuel gallon cost||$5,80|
|Charter class fare||$2 700|
|VARIABLE ANNUAL EXPENSES|
|Fuel cost||$179 800||Fuel cost||$179 800|
|Service of the case||$39 640||Service of the case||$39 640|
|Engine servicing||$53 554||Engine servicing||$53 554|
|Crew expenses||$30 800||Crew expenses||$30 800|
|Cumulative variable expenses||$303 794||Cumulative variable expenses||$303 794|
|CONSTANT ANNUAL EXPENSES|
|Expenses on crew||$148 200||Expenses on crew||$148 200|
|Training of crew||$27 690||Training of crew||$27 690|
|Garage||$35 978||Garage||$35 978|
|Insurance||$20 346||Insurance||$20 346|
|Other expenses for the plane||$10 000||Other expenses for the plane||$10 000|
|Payment / Capital expenditure||$458 568||Payment / Capital expenditure||$458 568|
|Average market depreciation / year||$36 997||Average market depreciation / year||$36 997|
|Cumulative expenses without a charter||$737 778||Cumulative expenses without a charter||$739 778|
|INCOME FROM THE CHARTER|
|Profit on a charter||$0||Profit on a charter||$540 000|
|Variable costs of a charter||$0||Variable costs of a charter||$272 994|
|Net profit||$0||Net profit||$267 006|
|Cumulative constant expenses taking into account a charter||$0||Cumulative constant expenses taking into account a charter||$472 772|
|Hours a year||200||Hours a year||200|
|The annual budget without a charter||$1 041 572||The annual budget without a charter||$1 043 572|
|The annual budget taking into account a charter||$776 566|
|The monthly budget without a charter||$86 798||The monthly budget without a charter||$86 964|
|The monthly budget taking into account a charter||$64 714|
|Hourly expenses of the owner without a charter||$5 208||Hourly 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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Russia, St-Petersburg, Efimova 3.
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