Cessna Citation Latitude

Aircraft Snapshot

  • Airframe ClassMidsize Jet
  • Passenger Capacity9
  • Max Range2,700 NM
  • Normal Cruise Speed446 KTAS
  • Useful Load12,000 lbs

Acquisition & Financing

  • Est. Acquisition Cost (Used)$12.0M - $16.0M
  • Est. Acquisition Cost (New)$18.5M - $20.0M
  • Financing Profile / LiquidityHigh

Operating Costs

  • EngineP&W PW306D1
  • Engine TBO6,000 hrs
  • Fuel TypeJet-A
  • Fuel Efficiency210 GPH
  • Direct Operating Cost$3,100 / hr

Financed Cost of Ownership

$135,200/mo

Estimated all-in monthly cost of ownership

  • Financing Payment$122,284/mo
  • Operating Cost (Est.)$12,917/mo

6.53% rate (Turboprop & Jet), 15% down, 20-year term, 50 hrs/yr assumption.

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Avionics

Garmin G5000

Ownership Analysis

The Latitude’s defining feature is its flat-floor, stand-up cabin, which sets it apart from the Sovereign+ it’s related to under the skin (both share Pratt & Whitney Canada PW306D1 engines and Garmin G5000 avionics). That cabin layout has made the Latitude extremely popular with charter operators and fractional programs, including large fleet orders, which is a meaningful advantage for owners: a large, active fleet means abundant maintenance and parts support along with a deep pool of resale comparables.

Because the Latitude remains in production and continues to see strong order activity from operators, used examples have generally held value well relative to other super-midsize types, particularly newer ones still under original warranty or engine programs.

For financing, the Latitude’s combination of continued production, strong charter/fractional demand, and cabin comfort tends to translate into a favorable collateral picture; lenders typically have good visibility into resale values given how actively the type trades in both the used and new-aircraft markets.

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