Cessna Learjet

Specifically, the scope of this paper covers the Textron/Cessna Citation XLS and XLS businesses jets. The Learjet 45 was a brand new corporate aeroplane built between 1997 and 2007. RVSM capable at the works. Learjet 46XR is an improved model of Learjet 45 launched in 2003.

Honeywell's TFE 731-20BR Learjet 45XR has also been developed to offer better heat and power, greater reach and higher load capacity. Learjet 46XR upgrades are available to Learjet 45 owners through Operator's Airframe and Powerplant Services Buy-Outs. The Learjet 46XR ceased to be produced in 2012 and a fleet of 454 Learjet 45/45XR planes has been launched since 1997.

There are 196 Learjet 45XR fully operational, three jointly and eight partially operated airplanes, corresponding to a global equivalent of 207 warplanes. Broken down by continents, North America has the highest share of the global Learjet 45XRs ( 77%), followed by South America ( 11%), where 88% of the world's Learjet 45XRs are deployed.

Load capacity & range The figures in Table A are included in the May 2015 edition of B&CA, but are also from Conklin & de Decker. At 1,563 lbs, the available maximum propellant load of the Learjet 45XR is greater than that of the Citation XLS at 860 lbs load capacity. Table A also shows the individual aircrafts' consumption in this area.

Learjet 45XR with 204 gal per h (GPH) burning 5. 1 percent less propellant (11 gallons) than the Citation XLS (215 GPH), according to aircraft cost calculator information. According to Conklin & de Decker the Learjet's cabins are 45XR 415 cu feet (length - 19. 75 ft) and the Citation XLS has slightly more cabins at 422 cu feet.

The Citation XLS's 18.5 foot cab length is somewhat less than that of the Learjet 45XR. Please notice from Table A (courtesy of UPCAST JETBOOK) that the Learjet 45XR has less cabins than the Citation XLS. Reach Comparison As shown in Diagram B and with Witchita, Kansas as the starting point, the Learjet 45XR has a greater reach than the Citation XLS and reaches most of the lower 48 states and Mexico non-stop, as derived from the Aircraft Cost Calculator (ACC).

Please note: For jet and turboprop applications, the'Seats Full Range' indicates the plane's long distance cruise IR RANGE, with all passengers manned. NBAA is assuming that the NBAA will calculate IFRS reserves for an alternative 200nm use. Engine details As already noted, the Learjet 46XR is propelled by two Honeywell TFE 731-20BR 731 engine with a thruster output of 3,500lb each.

Citation XLS is driven by two Pratt & Whitney Canada PW545B thrusters with a 3,991 pound propulsion force each. Costs per Mile Based on the information provided in the B&CA Planning and Purchasing Manual of May 2015 and the B&CA Operations Planning Guide of August 2015, we will be comparing our aircrafts. Countrywide Jet-A mean gasoline costs used since the August 2015 issue were $5.25 per gal at the date of going to print, so we will present the figures as reported for comparative purposes.

Please note: The petrol prices used by this resource do not constitute an annual mean value. Diagram C shows the unit per miles and shows how the Learjet 45XR flies against its competitors, taking into account the immediate unit operating expenses, with each plane performing a 1,000nm flight with a load capacity of 800 pounds (four passengers). Learjet 45XR shows the lower per minute charge per deck at $3. 08, 23% less than Citation XLS at $4.00.

The " costs of all variables " shown in graph D are the costs for fuel costs, maintenance personnel costs, planned part costs and other travel costs. Variable costs for the Learjet 45XR amount to $1,448, or 15. 7 percent less than the Citation XLS at $1,717.

The comparison table for aircrafts B contains the used fares from the Vref Pricing Guide for each airplane (model 2008). Conklin & de Decker provided the mean speeds, cabins and payloads, while JETNET provided the number of operating planes and the selling rate. Learjet 45-XR has 10.

At present, 7% of the Citation XLS is " for sell ", while 6.4% of the Citation XLS has a lower rate " for sell ". For the Learjet 46XR, however, the monthly transaction rate is lower than the Citation XLS rate for two or four. Aircraft belonging to and operating by companies are often depreciated under the Modified Accelerated Cost Recovery System (MACRS).

MACRS allows tax payers to expedite the amortization of asset values by making a higher deduction rate in the first years of each restoration cycle (see Table C). However, in certain cases aeroplanes cannot be eligible under the MACRS system and must be written off under the less favourable Alternative Amortisation System (ADS), where amortisation is calculated on a straight-line basis, which means that identical allowances are made in each year of the respective restoration years.

For the most part, the recoveries under ADS are longer than the recoveries available under MACRS. The taxpayer must consider a wide range of issues when deciding whether to depreciate an aeroplane and, if so, the right depreciating technique and the right restoration timeframe to use. As an example, aeroplanes used for charters (i.e. part 135) are normally amortised under MACRS over a seven-year horizon or under ADS over a twelve-year horizon.

Qualifying commercial jets, such as Part 91 services, are generally amortized under MACRS over a five-year or six-year life using ADS. Certain uses of the airplane, such as non-business travel, may affect the amount of allowed amortization available in a given year.

An example of the use of the MACRS timetable for a 2012 Learjet 45XR models personal (Part 91) and charters (Part 135) over a period of five and seven years with an assumed sales value of US$7 million per Vref price leader is shown in Figure 5. shows a value and demand graph for the new and used Learjet 45XR inclusive the Citation XLS/XLS+.

There are 24 "For Sale" planes on the Learjet 45XR second-hand fleet list, five of them with an offer value, so we have recorded these five. In addition, we have added other used similar type corporate jet aircrafts, with bid values between $2 million and $9 million. The used Learjet 45XRs segment thus reacts to at least four characteristics:

Year, reach, quantity and price. The dots in graph F are centred on the same airplane. Full load capacity and available refuel reach; 2. long-range cruising speeds to reach this reach; 3. available passenger and facility cabins. While others may opt for other criteria, serious corporate jet purchasers are usually struck by price, cruising distance, cruising speeds and size of cabins.

Taking into account price, reach, speed and cabin size, we can say that the Learjet 46XR has a high degree of efficiency. The Learjet 45XR's favourite features are cruising distance, lower hours and variables and a significantly higher load capacity than the other planes in our study.

Lastly, Chart G shows the Learjet 55XR exclusively for our on-line contents and shows the maximum available conservation value due to its size (as obtained from Asset Insight Inc.). Remark: The maximum maintanance equity was reached on the date of exit from manufacturing - as it had not collected capacity for maintanance incidents.

Please also be aware that the percentage of maximum maintainance equity that an airplane of a certain size will have available due to its ageing is assumed to be 410 flying hours per year on a year basis and that all maintainance work will be finished when due. Abstract In the previous sections, we have addressed some of the attribute values valued by corporate jet carriers.

Nowadays the Learjet 46XR is still well known. Participants in the economy should consider the previous settlement useful. We expect the Learjet 46XR, which began delivery in 2003 and ended manufacturing in 2012, to perform very well in the used equipment segment for the time being.