How much it costs to own and operate a Citation Mustang private jet

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Citation Mustang Operating Costs

Sample annual operating cost summary.
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Citation Mustang Exterior

Annual Budget

The total annual budget for flying a Citation Mustang private jet 200 hours per year is approximately $505,224 or $780,299 for flying 400 hours per year. The maximum speed of the Citation Mustang is 483 mph, but with slower climb, cruise and descending speeds it is more likely to average 386 mph which would equate to an average cost per mile of approximately $6.54 at 200 hours per year. If you fly 400 hours per year, you can spread the total fixed costs over more flight hours which reduces your cost per mile to $5.05.

These budgets do not include the cost to purchase the jet, depreciation or the cost of capital (interest payments.)

In the market to buy, sell or manage a jet you own? Please contact a Jet Advisors for a free consultation and estimate. Liberty Jet offers Jet Management, Private Jet Cards and Private Jet Charter services.

Cost to Purchase

How much does it cost to buy a Cessna Citation Mustang 510? Prices today are around $2,495,000 with 15 currently advertised for sale.

View Cessna Citation Mustang 510 private jets for sale

Sample Operating Budget

Costflying 200 hours/yearflying 400 hours/year
Direct Operating Costs (DOC)  
Fuel Cost @ $7.23/gal Updated to Nat'l Avg Each Week$144,600$289,200
Maintenance$29,628$59,257
Engine Overhaul$55,847$111,694
Misc Crew/Landing/Handling$40,000$80,000
Miscellaneous Variable$5,000$10,000
Total Direct Operating Costs (DOC)$275,075$550,150
Fixed Costs  
Crew$115,089$115,089
Crew Training$13,140$13,140
Hangar$19,967$19,967
Insurance$23,909$23,909
Jet Management$48,000$48,000
Miscellaneous Fixed$10,044$10,044
Total Fixed Costs$230,149$230,149
Total Annual Budget$505,224$780,299
Citation Mustang Interior

How much can you save?

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