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The Cessna Citation Latitude, recognized as the top-selling business jet, is a super-midsize private aircraft produced by Textron Aviation in the United States. The plane serves both leisure and business purposes with its price influenced by factors such as maintenance, engine hours, and airframe condition.
According to the Aircraft Bluebook Summer 2024, a new Cessna Citation Latitude costs approximately $20 million, while pre-owned models are around $15 million. Prices for used jets range from $14.5 million for a 2015 model to $20 million for a 2023 model. The production year significantly impacts pricing, with newer models commanding higher prices. Other factors affecting value include specific configurations, equipment modifications or upgrades, and overall maintenance conditions.
With about seven units available on the market, representing only 3% of the total fleet, the Citation Latitude maintains strong resale value due to low market saturation. Monthly ownership payments are estimated at around $100,000. Leasing options include dry leases at $250,000 per month and wet leases at $450,000 per month.
