![]() Such as including loss of licence cover, personal accident cover and travel insurance.Īircraft management is an essential component when owning and operating a private jet.Īn aircraft management team provide all the necessary services required to fly the aircraft. This is typically chosen by owners who will be flying private jets into hazardous destinations.Ĭrew insurance allows pilots and crew members to be provided with an enhanced employee benefit package. ![]() However, owners may also wish to consider aviation hull war insurance and crew insurance.Īviation hull war insurance provides cover for loss of the aircraft due to war, hijack, confiscation, malicious damage and other similar risks. This are two essential pieces of insurance for private jets. Therefore, in the event of a total loss, insurers will pay the agreed value as opposed to the current market value. Hull insurance policies are agreed on a value basis. This then leads to the second part of private jet insurance – hull insurance. While exact details will vary from policy to policy, cover is generally not provided for the pilot in command or the actual aircraft. Third parties in this case include passengers, cargo and baggage. This provides cover against loss, damage or injury to third parties. In simple terms, there are two types of insurance that private jets must have. ![]() The hourly charter price is the aircraft’s hourly variable cost, along with factoring in fixed costs and broker fees. This is because, per hour, charter flights cost more. Of course, this hourly variable cost is different to that of the estimated hourly charter price. Therefore, the estimated hourly variable rate for operating the Cessna Citation X is $3,068. This is how much extra the aircraft will cost you per flight hour. Therefore, the estimated variable cost for private jets is presented as an hourly figure. Therefore, flying 500 hours per year will result in variable costs 10 times greater than if you were to fly 50 hours per year. See this to learn about private jet fuel costs.Ĭlearly, the more you fly the aircraft, the more fuel it will use. One of the biggest costs when flying by private jet is fuel. The best example of a variable cost in this case is fuel use. Variable costs, on the other hand, are directly proportional to the number of hours the aircraft flies per year. The estimated annual fixed cost for operating the Citation X is $461,672. ![]() So, therefore, whether you fly the aircraft 50 hours per year or 500 hours, the fixed costs will remain the same. These costs do not change in relation to the number of hours the aircraft flies. Whether the aircraft flies or not has no effect on fixed costs. When it comes to operating the Cessna Citation X, there are two expense categories to consider – fixed costs and variable costs.įixed costs are those that you pay no matter what. Jump straight to the total cost table of the Cessna Citation X. Furthermore, back when deliveries of the Cessna Citation X began, the list price for a new example was $23 million. In terms of cost, the Citation X has an estimated hourly charter price of $6,000. Thanks to its Rolls-Royce AE3007C1 engines, the Citation X has a total thrust output of 12,884 lbs. Additionally, the Citation X has an average hourly fuel burn of 336 Gallons per Hour (GPH). The Cessna Citation X can cruise at up to 51,000 feet. However, when configured for the fastest cruise speed, the Citation X can maintain a cruise speed of 525 knots. When in its optimum configuration, the Cessna Citation X can cruise non-stop for up to 3,140 nautical miles (3,613 miles / 5,815 km). The Citation X can accommodate up to 9 passengers, with a maximum baggage capacity of 72 cubic feet. Three hundred and fifteen Citation X aircraft are currently in active service. What is Fractional Ownership of a Private Jet?ĭeliveries of the Cessna Citation X began in 1996, with deliveries ending in 2012.Everything You Need to Know About Renting a Private Jet.
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