The Cessna Citation Longitude has emerged as a premier choice in the super mid-size business jet category. Offering an exceptional combination of comfort, performance, and advanced technology, this aircraft is designed to meet the needs of corporate travelers and private owners alike. In this comprehensive article, we will explore the price of the Cessna Citation Longitude and provide an in-depth analysis of its operating costs.
Overview of the Cessna Citation Longitude
The Cessna Citation Longitude, first introduced in 2016, represents the pinnacle of Cessna’s commitment to innovation and excellence in aviation. With a maximum range of approximately 3,500 nautical miles, it can comfortably connect cities like New York and Los Angeles or London and Dubai without the need for refueling stops. This jet is powered by Honeywell HTF7700L engines, which not only enhance performance but also ensure fuel efficiency.
Key Features
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Spacious Cabin: The Longitude features a remarkably spacious cabin with a height of 6 feet and a width of 6 feet 2 inches, accommodating up to 12 passengers in a luxurious setting. The cabin can be configured in various layouts to suit individual preferences, including options for a full galley and a dedicated conference area.
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Advanced Avionics: Equipped with the Garmin G5000 avionics suite, the Longitude offers pilots enhanced situational awareness and improved operational efficiency through advanced flight management systems.
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Quiet Operation: The aircraft’s design incorporates noise-reducing technologies that result in a quieter cabin environment, enhancing passenger comfort during flight.
Pricing of the Cessna Citation Longitude
When considering the purchase of a Cessna Citation Longitude, prospective buyers should be prepared for a base price of approximately $26 million. However, this figure can fluctuate based on several factors:
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Customizations: Buyers often opt for various interior configurations and customizations, which can significantly increase the overall cost. Custom options include premium upholstery, advanced entertainment systems, and bespoke cabin layouts.
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Market Conditions: The pricing of new jets is influenced by market demand, economic conditions, and competition within the super mid-size jet segment. Currently, the market is witnessing strong demand for high-quality business jets, which can drive prices higher.
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Additional Costs: Beyond the purchase price, potential buyers must consider other financial commitments, such as sales tax, registration fees, and insurance premiums, which can collectively amount to a substantial investment.
Used Aircraft Market
For those looking for a more economical option, the used market for Cessna Citation Longitudes presents opportunities. Pre-owned models typically range from $18 million to $23 million, depending on their age, condition, and installed equipment. Conducting thorough due diligence and obtaining a detailed maintenance history are crucial when purchasing a used aircraft to ensure reliability and value.
Operating Costs of the Cessna Citation Longitude
Understanding the operating costs associated with the Cessna Citation Longitude is essential for any owner or operator. These costs can be categorized into several key areas:
Fuel Costs
One of the most significant operating expenses for any business jet is fuel. The Cessna Citation Longitude has a fuel burn rate of approximately 180 gallons per hour (GPH). With an average fuel price hovering around $5.00 per gallon, operators can expect to spend about $900 on fuel per hour of flight. Given the aircraft’s range, long-haul flights will incur considerable fuel costs, especially on transcontinental trips.
Maintenance Expenses
Regular maintenance is crucial for ensuring safety and longevity. The Cessna Citation Longitude requires both scheduled and unscheduled maintenance, which can vary in cost:
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Scheduled Maintenance: Typically, operators should budget around $400,000 annually for routine inspections, engine maintenance, and airframe upkeep. These costs may increase as the aircraft ages and requires more frequent inspections.
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Unscheduled Maintenance: Unexpected repairs can arise, and budgeting for these contingencies is vital. It is prudent to set aside an additional $100,000 to $200,000 annually for unplanned maintenance issues.
Crew Salaries
A typical crew for the Cessna Citation Longitude includes two pilots. Depending on experience and location, pilot salaries can range from $80,000 to $150,000 per year per pilot. Additionally, considering benefits and training costs, owners should factor in approximately $250,000 to $400,000 annually for crew expenses.
Insurance Costs
Insurance is another critical aspect of operating costs. The premium for insuring a Cessna Citation Longitude varies widely but generally falls between $30,000 and $50,000 per year, depending on factors such as coverage levels, pilot experience, and the aircraft’s usage profile.
Hangar and Storage Fees
Storage fees are often overlooked but can add significantly to the annual operating budget. Hangar rental rates vary based on location but typically range from $1,000 to $3,000 per month. Thus, owners should expect to pay between $12,000 and $36,000 annually for hangar space.
Miscellaneous Costs
Other operating expenses include landing fees, navigation charges, and catering services. These costs can vary based on the frequency of flights and the destinations served. Owners should budget approximately $50,000 to $100,000 annually for these miscellaneous expenses.
Total Estimated Operating Costs
Combining all the aforementioned factors, the estimated total annual operating costs for the Cessna Citation Longitude can be summarized as follows:
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Fuel: $900/hour x 400 hours = $360,000
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Maintenance: $400,000 (scheduled) + $150,000 (unscheduled) = $550,000
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Crew Salaries: $300,000 (average)
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Insurance: $40,000
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Hangar Fees: $24,000 (average)
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Miscellaneous Costs: $75,000
Total Annual Operating Costs: Approximately $1.35 million
Conclusion
The Cessna Citation Longitude stands out in the super mid-size jet market, offering a remarkable blend of luxury, performance, and advanced technology. While the initial purchase price is significant, understanding the various operating costs is equally important for potential buyers and operators. By carefully considering these expenses, individuals can make informed decisions about ownership and ensure that their investment in the Longitude aligns with their travel needs and financial goals. As the demand for business jets continues to grow, the Cessna Citation Longitude remains a top contender, embodying the future of private aviation.
