Operating a Cessna Citation Sovereign+ for 200 flight hours per year results in a total annual cost of approximately $1,64 million. This includes fixed costs of $1,154,270 covering essential expenses such as crew salaries, insurance, and hangar fees, ensuring the aircraft remains airworthy and well-maintained. Variable costs amount to $489,312, factoring in fuel, maintenance, and other flight-dependent expenses. With an hourly operating cost of approximately $2,450, the Citation Sovereign+ provides a balance of performance and efficiency, making it a reliable choice for long-range missions while maintaining operational cost-effectiveness.
When chartering the Cessna Citation Sovereign for an additional 200 hours, it can help offset ownership costs, given the difference between operating expenses and charter revenue. With an hourly operating cost of $2,447 and a charter rate of $4,800 per hour, the total revenue generated from 200 hours of charter operations would amount to $960,000. After covering the additional operating costs of $489,400, this results in a net revenue contribution of approximately $470,600. Incorporating chartering into the ownership strategy provides a practical way to reduce overall expenses while maximizing the utilization of the aircraft.
