Flying High: The Cessna Citation Latitude's Price and Performance

Ever dreamed of owning a private jet? The Cessna Citation Latitude is a top choice for business and leisure travel. This super-midsize jet, crafted by Textron Aviation, offers a luxurious and versatile flying experience. But how much does it cost? Let's break down the numbers. For a brand new Cessna Citation Latitude, you're looking at around $20 million. If you're open to a pre-owned model, the price drops to about $15 million. The cost varies based on the year of production, with newer models being pricier. Other factors like maintenance history, engine hours, and aircraft modifications also play a role in determining the final price.Operating costs are another story. A typical annual budget for flying 200 hours can range from $7, 508 to $6, 262 per hour, depending on the usage. The jet's low market saturation, with only seven aircraft available, makes it a strong investment for both private and corporate clients. For those who prefer not to purchase, leasing options are available. A dry lease, where you provide your own crew, can cost around $250, 000 per month. A wet lease, which includes professional crew and maintenance, runs about $450, 000 per month. The Latitude jet is favored by pilots for its advanced navigation and performance. It can fly nonstop from Los Angeles to New York and offers various amenities for passenger comfort. The jet's design and performance make it a standout in the private jet market.