Operating a Cessna Citation Sovereign for 200 flight hours per year results in a total annual cost of approximately $1,147,000. This includes fixed costs of $460,189, covering essential expenses such as crew salaries, insurance, scheduled maintenance, and hangar fees to ensure continuous operational readiness. Variable costs amount to $687,528, driven by fuel consumption, routine inspections, and other flight-dependent expenses necessary to maintain peak performance. With an hourly operating cost of $2,600, the Citation Sovereign delivers a balance of range, efficiency, and passenger comfort, making it a reliable choice for corporate and private aviation.
Chartering the Citation Sovereign for an additional 200 hours per year can provide a significant financial offset to ownership costs. With an hourly operating cost of $2,600 and a charter rate of $5,100 per hour, the total revenue generated from 200 charter hours would amount to $1,020,000. After covering the additional operating expenses of $687,528, the net charter revenue contribution would be approximately $332,472. Incorporating charter operations into an ownership strategy allows operators to maximize aircraft utilization while effectively reducing overall costs, making the Citation Sovereign a cost-efficient and versatile business jet.
