Latitude, you need to factor into your selection decision that The data also shows market trends including whether the average ask price for this aircraft has increased or decreased in the last six months. Cessna Citation M2 available for 50% co-ownership. Further, the main air-stair entry door is 5.5 ft high and 2.6 ft wide. The Citation Latitude jet is the first aircraft in its class to push the comfort level while keeping you connected. Jet Aircraft 4 1. Cessna Citation Latitude were produced from 2016 to 2020. That means the price for a 30-minute flight had been $6,756. Operating Costs . We also display the latest JETNET data which shows the range of prices for Cessna Citation Latitude currently listed with an asking price. Average hourly rate including fixed and variable costs based on the number of annual flight hours. configured (compared to others in its fleet); how it has been 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. 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. Insurance costs will vary by type and amount of coverage, size of fleet and other factors. Describes the present average maintenance quality for all production years for this Make / Model based on the standardized Asset Insight Index Scale ranging from - 2.500 (worst) to 10.000 (best). A good management company will have most major jet fuel cards who negotiate discounts with the fuel providers (FBO's) and will check pricing prior to landing to better manage these costs. How long are your trips away from home base? 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. What Impacts a Cessna Citation Latitude’s Price? Most engine types have programs much like an insurance plan, you pay into a pool each hour you fly and when engine is ready for an overhaul, it is paid out of that pool. Elite Jet Cards are offered in 25-hour blocks on its two Citation light jets. In this month’s Jets Comparison, Mike Chase provides information on the Cessna Citation Latitude. The first Latitude (also known as Model 680A) was delivered in the August of that year. For the second year, AOPA Pilot is making Conklin and de Decker’s aircraft operating cost comparison available to those shopping for business jets; new this year are the costs of turboprops. These costs are highly dependant on the routes you fly. While website rates often look great, they don’t necessarily match your invoice. Unsave Save. 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. AIRCRAFT MANAGEMENT GROUP INC - MOON TOWNSHIP, PA. 0.0 from 0 reviews 0 Likes Picture Tail/Operator Jet Type; Tail Number: N275BS Based at: PITTSBURGH, PA US(KPIT) 2015 Cessna Citation Latitude SuperMid Jet. 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. This will include fees for things such as charts, software and computers to manage your jet. ft. Rate $3,000 – $3,500/hr. 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. Check with your insurance provider to see what types of requirements they may have. Detailed review and description of the Cessna Citation Longitude coming soon. This breaks down to $2,094.55 per hour. Scheduled maintenance events, which are required and predetermined by the manufacturers specifications, can be predicted and costs controlled since they can be performed close to home base at prenegotiated rates. mark. These costs typically include crew, hangar, insurance, training and other miscelaneous expenses. What level of experience will you require for your pilot and copilot? The agreed price will account for different factors, Passenger Capacity: 8 – 9; Cost to Buy $16 Million. All Cessna Aircraft. … Minimum booking notice is 24 hours, and there are 45 peak days per year, also with 120-hour minimum booking notice. Performance . low operating costs. Cessna Citation Latitude were produced from 2016 to 2020. The Maintenance Exposure to Ask Price Ratio is an indicator of an aircraft’s marketability. Savings would be approximately $2,027 each way, or $4,054 roundtrip, excluding any airport-related fees. The Citation Latitude was designed to be cheaper than its predecessor, the Sovereign+ and larger than the Citation XLS. Quite a few providers have two-hour minimums on larger aircraft. The Latitude has 3.6 in. Traditionally, when less than 10% of a fleet is for sale, the market is defined as a sellers’ market and sellers have greater control over the eventual sale prices. Check out our Cessna Citation Latitude Jet Comparison articles by industry expert, Mike Chase, here: Buying aircraft is a huge investment in both time and money. Twitter Facebook Pinterest LinkedIn Email Reddit WhatsApp Cessna is cutting production of Citation Jets – including th… A Praetor 600 will cost $20,995,000 putting the aircraft below the official list prices of its competitors. If you are in the market to buy a used Cessna Citation Latitude, you need to factor into your selection decision that the condition and value of one aircraft within the fleet can differ substantially from an apparently very similar jet – even if they were manufactured in the same year. upgrades on its performance and costs; and its overall maintenance At NetJets a 25 hour jet card on a Citation Latitude starts at about $220,000 plus FET and any fuel surcharges need to be added. If you are not hiring a management company, you may wish to add a crew member for times when you have turnover, training or other scheduling issues. modified or upgraded during its lifetime – and the impact of those CUTTER FLIGHT MANAGEMENT INC - PHOENIX, AZ. You can see current prices for the last 5 production years in the AircraftBluebook tab below. There can be less obvious maintenance needs, too, including signs of corrosion that ought to be checked for in the buying process. Overnight expenses will be greater in New York City than in the other parts of the country and flights to Europe will incur large handling and landing fees. This breaks down to $3,443.22 per hour. 2.83m 3. baggage. CHART C: Cessna Citation Latitude vs Citation Sovereign vs Hawker 850XP Hourly Cost Comparison The Citation Latitude shows a lower cost per nautical mile at $6.72, compared to $7.02 for the Citation Sovereign and $8.00 for the Hawker 850XP. High density airports such as Teterboro or White Plains will have higher fees than other locations. With its range of 3500 Nautical Miles, this jet belongs to a special category of long-range business jets . A management company with similar jets on certificate has more flexibility in scheduling crew from one jet to another. The newest aircraft on the NetJets fleet the Citation Latitude replaces its smaller sibling, the Citation Excel, the world’s most popular business jet. Will you hire a management company or will you have your pilots manage the operation? The engines are conventional twin-spool with a single-stage fan powered by a three-stage low pressure turbine. Elite pricing includes FET and fuel. All these factors and more will have a significant effect on a final sale price agreed in a Cessna Citation Latitude transaction. Renowned for being one of our best-selling private jets, this midsize favorite has a generous amount of cabin space easily lending itself to multiple onboard amenities. 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. We added 50% more crew at 800 flight hours and double the crew expense for 1,000 hours. Recently, NetJets cut the hourly cost on its Phenom 300 Elite Card to $6,756 per hour. 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. including model year; how the aircraft has been equipped and Explanations of the key terms can be found next to them in the tab by clicking the ? Pilatus PC-24: $8.9 million Phenom 300: $9.23 million Cessna CJ4: $9.41 million Source: IBA, manufacturers Pilatus says the PC-24 will cost around $8.9 million in 2017 making it slightly cheaper than the likely list price of the Embraer Phenom 300 and Cessna Citation CJ4in four years’ time. A low cabin altitude keeps you feeling refreshed while the class-leading baggage compartment is spacious enough to accommodate your luggage wherever you’re going, whether for business or pleasure. were manufactured in the same year. My Saved Listings Updated: Wed, Sep 30, 2020 07:29 AM. Get current and accurate prices and operating costs for hundreds of aircraft, including jets, piston and turboprop planes, and helicopters on AircraftCostCalculator.com. condition. The Citation Latitude Private Jet is one of the newer private jets that Cessna makes and it is state of the Art. Total fuel and maintenance costs give you a combined direct hourly cost of $2,719.99. 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). 9. 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. 7. hours . Cabin height. A Cessna Citation X+ is $4,098.69, while the new Cessna Latitude is $2,935.67. Total Variable Cost Comparison NetJets will be nearly half the price with its XLS. Developed from : Cessna Citation Latitude: Developed into: Cessna Citation Hemisphere: The Cessna Citation Longitude (Model 700) is a 3,500 nmi (6,500 km) range business jet, part of the Cessna Citation family. By using our site, you consent to our use of cookies. The price of a Cessna Citation Latitude is between US$10.50 and US$18.19 million for 2016 – 2020 models, the last 5 years of production, according to AircraftBluebook.. The price of a jet depends on the production year. Twitter Facebook Pinterest LinkedIn Email Reddit WhatsApp. Does the Number of Cessna Citation Latitudes for Sale Matter? The data from Asset Insight covers Current Value Range, Asset Quality Rating and ETP ratio. Get Insurance Operating Costs Apply for Financing. Range (nm): 3,200; Lavatory: Full; Airspeed (MPH): 495; Cabin Width: 5′ 7″ Cabin Height: 6′ 0″ Cabin Length: 21′ 0″ Baggage Capacity: 80 cu. 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. more width than legacy midsize Citations. 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. Unscheduled events are more difficult to manage and happen on the road such as a blown tire, bird or lightning strike. Aircraft Interior. substantially from an apparently very similar jet – even if they Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation Sovereign has total variable costs of $1,108,687.50, total fixed costs of $440,762.00, and an annual budget of $1,549,449.50. You can see current prices for the last 5 production years in the AircraftBluebook tab below. If you plan to place your aircraft on a charter certificate, they may have minimum number of hours in total and in type. The CITATION LATITUDE Jet. Air Partner charges $177,500 for 25 hours on their mid size JetCard which offers model year 2000 or newer aircraft. Crew expenses will vary based on many factors such as the experience, certifications, location and amount of time they are expected to be away from home base. Hangar costs will vary greatly by region and airport. The maximum speed of the Citation CJ4 is 522 mph, but with slower climb, cruise and descending speeds it is more likely to average 418 mph which would equate to an average cost per mile of approximately $7.92 at 200 hours per year. Looking at additional manufacturers, an Embraer Lineage 1000E costs $5,827.32 per hour, while a Cessna Citation Mustang is $1,015.37. CESSNA CITATION LATITUDE. The Citation Sovereign+® has class-leading short takeoff, enhanced technology and incredible performance to answer the call of today’s business leaders and what they need in a corporate jet. 7. passengers. Fuel prices will vary greatly while the aircraft is away from home base and will depend on how much competition there is at each airport. ultimately something that will be negotiated between the buyer and Citation Latitude’s Price? thrust at takeoff. Most management companies will have fleet policies with discounted rates. The price of a jet depends on the production year. The shorter the trips, the lower the turnover, training and salary you will have to pay. Equipped with NextGen-capable, touch-screen GARMIN G5000 avionics, the Citation … Announced at the May 2012 EBACE, it made its first flight on October 8, 2016, with certification obtained in September 2019. 127 cu ft. Jet Charter . Heavy Jets Get the visionary midsize jet for visionary travelers. And this is without launch customer discounts. The Latitude is powered by 2 P&WC PW306D turbofan engines rated at 5730 lb. What Impacts a Cessna The prototype first took to the air in February 2014 and gained FAA certification in June 2015. The Citation X burns 347 gallons of fuel per hour, which, at $5.00 a gallon, is $1,735.00 per hour. The price of a Cessna Citation Latitude is between US$10.50 and US$18.19 million for 2016 – 2020 models, the last 5 years of production, according to AircraftBluebook. Maintenance on the X is $984.99 per hour, on average, including $269.97 for the airframe and $715.02 for the engine/APU. What Else Should a Citation Latitude Buyer Consider? If you have a management company, they will often times pass their fleet discounts on to owners. Sign up for free aircraft sales alerts and digital aviation magazines now. 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. Cessna Citation Latitude Jet Charter Companies. It sports a comtemporary cabin, built for comfort. For more information view our updated Privacy & Cookie Policies. 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. When the ETP Ratio is greater than 40%, a listed aircraft’s Days on Market increase. High density airports such as Teterboro or White Plains will have higher fees than other locations. At Flexjet the pricing is quite similar to NetJets. Other specifics that can have a direct effect on an aircraft’s value on the used market include the percentage of an aircraft’s fleet that is for sale, along with the age of its airframe and engines. This breaks down to $3,492.09 per hour. These include FET and all fuel charges. Larger fleet operators will have a network of pre-approved maintenance facilities around the World, reducing the costs and improving safety. There will be ongoing variable hourly operating costs and fixed hourly operating costs to consider. 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. The Nextant 400XTi comes in at $1,623.06, and the SyberJet SJ30 at $1,607.77. Opportunities for co... See More Details. Total Fixed Costs are expenses which are required no matter how many hours you fly. seller. Get the expert support of one of the world's leading aircraft brokers to ensure that your purchase runs smoothly. It’s important to note that a 25% premium is assessed for hours on peak days, unlike with the Marquis card, where you’re charged for actual flight time only. A used Cessna Citation Latitude’s fair market value is Some aircraft types will have maintenace programs in place for more predictable costs. The current value range covering all production years for this Make / Model based on recent transactions, including Comparable Aircraft Models. Please see the latest price data from the world's leading aviation data providers:JETNET, AircraftBluebook and Asset Insight in the tabs below. 800-247-4890 +1-402-479-2143 info@AircraftCostCalculator.com 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. Hangar costs will vary greatly by region and airport. A Dassault Falcon 8X costs $3,803.75 per hour while a Learjet 75 is $2,172.31, and a Bombardier … This breaks down to $2,402.84 per hour. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation Latitude has total variable costs of $1,110,037.50, total fixed costs of $461,403.00, and an annual budget of $1,571,440.50. View the Cessna Citation Buyers' Guide on AvBuyer. How Does the Citation Latitude Compare With Other Aircraft? Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation M2 has total variable costs of $558,225.00, total fixed costs of $208,276.00, and an annual budget of $766,501.00. Under the waiver, new flight cost would be $3,378 + $1,351 taxi time = $4,729 for a one-way. 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. If you would like to bring luggage such as skis, golf bags, etc. Detailed review and description of the Cessna Citation Latitude private charter jet coming soon. 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. The operating costs of business jets and turboprops are detailed by category, variable cost per hour, seats, maximum takeoff weight, range, maximum cruise speed, and engine information. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the CESSNA Citation CJ4 has total variable costs of $731,025.00, total fixed costs of $350,254.00, and an annual budget of $1,081,279.00. In this month’s Jets Comparison, Mike Chase provides information on a pair of Mid-size business j... How will two popular mid-size business jets compare side-by-side?In this month’s Aircraft Comparativ... - Airfleet Capital Finance Offer - US only, Citation Latitude vs Citation Sovereign vs Hawker 850XP, The World Leader in Aviation Market Intelligence, Hawker 850XP versus Cessna Citation Latitude. Do you tend to travel out and back the same day, or spend extended periods of time away from home? Unit cost: US$27 million. 0.0 from 0 reviews Request Info. 2018 CESSNA CITATION M2. 6.4 ft. Cabin Length. Once the fleet for sale becomes more than 10% the opposite is true, and the market is defined as being a buyers’ market. A $1,212,900.00 loan over 120 months including $5053.75 per month in interest equates to a $60,819.31 per-period payment. This breaks down to $2,900.60 per hour. Cabin configurations may vary. Much like an insurance plan, you pay into a pool each hour you fly and when maintenance is required, it is paid out of that pool. The NICHOLAS AIR fleet can accommodate the following number of passengers in each aircraft type: Pilatus PC-12 – up to six passengers, Phenom 100 – up to five passengers, Citation CJ3 & Phenom 300 – up to eight passengers, Citation Latitude & Challenger 300 – up to nine passengers. However, this is a competitive market place and customers have been getting light jets for less than list price. A used Cessna Citation Latitude’s fair market value is ultimately something that will be negotiated between the buyer and seller. The average hourly rental rate of the Citation Latitude is around 4,500 USD per hour. 6 ft. Cabin width. 21.16 ft. Baggage Internal . The means that the Praetor 600 is up against stiff opposition from the Gulfstream G280, Bombardier Challenger 350, Dassault Falcon 2000 and the Cessna Citation Longitude (which is in certification now). Passenger Seating. the condition and value of one aircraft within the fleet can differ more height and 11 in. Financial … North America + Canada, United States - AZ, North America + Canada, United States - KS, Make the most of you asset with the right engine maintenance program, Contact the world’s leading Biz Av Finance companies today, Find the world’s leading Aviation insurance providers, Get the best connections for wherever you fly. This breaks down to $1,703.34 per hour. PIA Co-Ownership allows you to split the cost of this aircraft while maintaining access comparable to sole-ownership. 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World 's leading aircraft brokers to ensure that your purchase runs smoothly an Embraer Lineage 1000E costs $ 5,827.32 hour! The expert support of one of the world, reducing the costs and fixed hourly operating to. Model year 2000 or newer aircraft while website rates often look citation latitude cost per hour, they will often times pass fleet... Costs give you a combined direct hourly cost of this aircraft has increased or decreased in AircraftBluebook. Scheduling crew from one jet to another how does the Citation Latitude is $ 1,015.37 have a significant effect a! Are highly dependant on the number of hours in total and in type tab by clicking the,. A Praetor 600 will cost $ 20,995,000 putting the aircraft below the list. In scheduling crew from one jet to another 24 hours, and the SyberJet SJ30 at $,... Impacts a Cessna Citation Latitudes for sale Matter this will include fees for things such as charts, software computers.