Citation CJ3 History
The Citation CJ3 is one of the most well rounded and successful light jets ever produced. Its pedigree dates back to the original CitationJet, or “CJ”, which started production in 1993. The CJ, or Cessna 525, platform is the basis of several highly popular Citation models such as the CJ1, CJ2 and CJ3.
The original CJ was announced at the National Business Aviation Association (NBAA) annual convention in 1989. The clean sheet design carried forward popular attributes of Cessna’s highly successful Citation I, however included a new natural laminar flow wing, a T-tail configured empennage, single pilot capability and the highly efficient Williams FJ44 turbofan engine.
CJ production began in 1993 and concluded in 2000 with 359 aircraft delivered. The CJ1 variant entered production in 2000 and featured a modern “glass cockpit” Rockwell Collins ProLine 21 avionics suite and increased Maximum Takeoff Weight (MTOW). In 6 years of production, Cessna delivered 193 CJ1s.
Also in 2000, Cessna began deliveries of the Citation CJ2. Compared to the CJ1, the CJ2 offers a longer cabin, additional payload and range capability. CJ2 production ended in 2005 with an impressive 243 aircraft delivered. CJ2+ production subsequently began with an updated and more integrated Collins ProLine 21 avionics suite, plus FADEC controlled engines.
Entering service in 2004, the Citation CJ3 built upon the popular characteristics of its predecessors with yet more range, speed, useful load, and passenger capacity. Produced through 2014, a total of 415 CJ3s were delivered. In 2015, Cessna modernized the aircraft with Garmin G3000 avionics suite and rebranded it the ”CJ3+”.
Legacy CJ3s are outfitted with Collins ProLine 21 avionics. The forward side facing seat is a popular option, making the CJ3 / CJ3+ an 8 passenger aircraft, including the belted lavatory.
Citation CJ3 Current Market
After reaching a multi year low of 14 aircraft for sale in 4Q17, CJ3 inventory has steadily increased to historical levels. CJ3 inventory currently stands at 40 aircraft, both advertised and off market. Including advertised and off market aircraft, CJ3 percentage of fleet for sale stands at 8.3%.
Citation CJ3 Recent Sales
During the 6 month period from February 1, 2019 to July 31, 2019, a total of 22 CJ3 transactions occurred. Of those, 17 aircraft were based in North America, and 5 in Europe. Claiming 5 transactions, 2008 vintage CJ3s experienced the highest transaction volumes during the period.
Based on recent transaction volume, and the number of available aircraft, there is approximately 11 months of CJ3 supply on the market. However, we expect CJ3 transaction levels to increase during 4Q19 relative to the first three quarters of 2019.
Citation CJ3 Pricing
Advertised pre-owned CJ3 prices currently range from $3.195MM to $4.95MM. Commanding a premium, 2015 and newer Garmin G3000 equipped CJ3+ values begin in the mid $6MMs.
For a comprehensive CJ3 Market Report, including specific aircraft values based on model year and configuration, contact Adam Smith at +1.405.696.0009 or firstname.lastname@example.org.
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The CJ3 has a maximum NBAA IFR range of 1,875 nautical miles. Its useful load is 5,885 lbs, with a 4,710 lb fuel capacity. Full fuel payload is 570 lbs, which assumes two (200 lb) pilots. Operating the CJ3 single pilot will net additional 200 lbs of payload.
The CJ3 is powered by two Williams FJ44-3A turbofan engines producing 2,820 lbs of take-off thrust, delivering an average cruise speed of 398 knots while burning approximately 122 gallons (814 lbs) of fuel per hour (FL430, 12,000 lb operating weight, ISA).
Citation CJ3 Performance:
* NBAA IFR Range (100 NM Alternate)
** Max Take-Off Weight, Sea Level, ISA
*** Max Landing Weight, Sea Level, ISA
Performance information is derived from manufacturer publications and is not necessarily representative of a particular aircraft. No specific performance representations are being made by the author of this article.
Citation CJ3 Operating Economics
Accounting for airframe and engine maintenance reserves, fuel costs using the U.S. national average of $4.25 per gallon and miscellaneous expenses, the variable (direct) cost to operate a Citation CJ3 is approximately $1,432.50 per hour.