AirCompAnalysisSEPT14final_ACAn 19/08/2014 12:04 Page 1
AIRCRAFT COMPARATIVE ANALYSIS CESSNA CITATION CJ3
HAWKER 400XP
LEARJET 31A
Cessna Citation CJ3 by Michael Chase n this month’s Aircraft Comparative Analysis, we provide information on a selection of pre-owned business jets in the $1.6m-4.0m range for the purpose of valuing the preowned Cessna Citation CJ3. We’ll consider the productivity parameters - payload/range, speed and cabin size, and cover current and future market values. The field in this study also includes the Hawker 400XP and the Bombardier Learjet 31A.
with eight seats and an enclosed lavatory. With an exceptional interior, highly sophisticated flight deck, powerful engines and longer wings than other aircraft in its class, the CJ3 is permitted to operate with a single pilot (under US registry only). It received full FAA type certification in October 2004. Today, there are 411 CJ3s in operation, the highest total number of units built for any specific CJ model. A total 1,329 CJ-series aircraft are currently in operation, as shown in Table A (right).
CURRENT HISTORY
Chart A represents the in-operation aircraft Market Share (as of July 2014) for the Cessna CJ3 (48%), Hawker Beechcraft 400XP (28%), and Bombardier Learjet 31A (24%). There are currently 859 total aircraft in operation for these three models.
I
The CitationJet is a low-wing aircraft with a T-tail pressurized cabin, and powered by two turbofan engines pylon-mounted on the rear fuselage. The Model 525 CitationJet was the basis for an entire subsequent family of jets encompassing the CJ1, CJ1+, CJ2, CJ2+, CJ3 and CJ4 models. The CJ3 light jet is powered by two Williams International FJ44-3A turbofans, offering a remarkable power-to-weight ratio (up to 2,820 pounds of take-off thrust per engine). The aircraft is typically configured
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AVBUYER MAGAZINE – September 2014
MARKET SHARE
PAYLOAD AND RANGE The data contained in Table B (overleaf) is sourced from Conklin & de Decker and also published in the B&CA May 2014 issue. As we have mentioned in past articles, a potential operator should focus on payload ❯ www.AVBUYER.com
TABLE A IN OPERATION (BY MODEL) M o d el Citation Citation Citation Citation Citation Citation TOTAL
N u m b er 197 238 411 102 225 156 1 ,3 2 9
CJ1 CJ2 CJ3 CJ1+ CJ2+ CJ4
SOURCE: JETNET; IN-OPERATION JULY 2014
CHART A -
MARKET SHARE
TOTAL 859 AIRCRAFT - JULY 2014 Cessna CJ3 (2004 - 2014) Hawker 400XP (2003 - 2010) Bombardier Learjet 31A (1991 - 2003)
Learjet 31A 24%
CJ3 48%
H400XP 28%
SOURCE: JETNET
Aircraft Index see Page 4