Owning a Learjet 55 is a big investment, therefore, it is important to know the cost to own and operate the aircraft.
The Learjet 55 can carry 7 passengers and 2 crew members. It has over 400 cubic feet of cabin space. It’s fast, reaching speeds of 490 knots, thanks to its powerful engines.
This guide will help you understand the costs of owning a Learjet 55. It covers the initial cost, ongoing expenses, and other important factors.
Whether you’re a seasoned jet owner or new to private aviation, this guide will give you a detailed look at the Learjet 55’s costs.
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Key Takeaways
- The Learjet 55 typically accommodates 7 passengers and has space for around 6 suitcases.
- Nearly 150 Learjet 55 jets were delivered until production ceased in 1993.
- The Learjet 55 is powered by two Honeywell TFE731-3A-2B turbofan engines with 3,700 pounds of thrust.
- A Bombardier Learjet 55 costs from $4 million (USD), with used models ranging from $1.5 million to $3 million.
- Annual operating costs for a Learjet 55 can range from $500,000 to $1 million, including fuel, maintenance, and other expenses.
Understanding Learjet 55 Performance and Specifications
The Learjet 55 is known for its impressive performance. It can fly up to 1,950 nautical miles, making long trips easy. It also reaches speeds of 490 knots, beating others like the Falcon 20 and Hawker 800.
The Learjet 55 needs a runway of 2,800 feet to land, under FAR-91 rules. For FAR-135 rules, it needs 3,500 feet.
It can carry 2,450 pounds and has a maximum takeoff weight of 21,500 pounds. The cabin is spacious, measuring 16’7″ long, 5’9″ wide, and 5’7″ high, with a total volume of 532 cubic feet.
The Learjet 55’s fuel use and range are impressive. It has two engines, each with 3,700 pounds of thrust.
It can fly up to 51,000 feet and climb at 4,059 feet per minute. Its performance and range make it a great choice for private flights.
Initial Investment and Acquisition Costs
Private jet ownership comes with big upfront costs. The Learjet 55 is a top choice, priced between $1.5 million and $3 million for a used model.
This makes it more affordable than the Hawker 800 but pricier than the Falcon 20.
The Learjet 55 loses value at about $60,000 each year. This affects the yearly cost of owning one. The price can go up to $4 million, depending on the aircraft’s age, condition, and any upgrades. These costs add up to a significant financial commitment for Learjet 55 owners.
| Cost Metric | Range |
|---|---|
| Learjet 55 Acquisition Cost | $1.5 million to $3 million (used market) |
| Learjet 55 Depreciation Rate | Approximately $60,000 per year |
| Learjet 55 Maximum Acquisition Cost | Up to $4 million (new) |
Learjet 55 Ownership Cost and Operating Expenses
In terms of private jets, the Learjet 55 is reasonably priced on the pre-owned market.
You’ll pay between $870,000 and $880,000 for a used one. But, the yearly cost to own it can be between $1.7 to $1.8 million.
The cost to fly the Learjet 55 is about $2,900 per hour. This includes fuel, maintenance, crew, and other fees.
It’s one of the more affordable options in the private jet world. The yearly fixed costs are around $505,000 to $510,000, which is lower than some rivals.
Variable costs for the Learjet 55 can be between $2,602 and $3,180 per hour. Fixed costs can range from $50,988 to $458,890 a year.
These numbers add up to a yearly cost of ownership between $1,528,407 and $1,868,053.
| Cost Category | Range |
|---|---|
| Acquisition Cost | $870,000 – $880,000 |
| Annual Fixed Cost | $505,000 – $510,000 |
| Variable Cost per Hour | $2,602 – $3,180 |
| Total Annual Cost | $1,528,407 – $1,868,053 |
Conclusion
The Learjet 55 is a great choice for those looking into midsize business jets. It has top-notch performance and costs are reasonable.
The initial and ongoing expenses are high, but its speed, range, and comfort are unmatched.
Thinking about buying a Learjet 55? You need to look at all costs, like buying, depreciation, and running expenses.
Also, consider what you need and how much you can spend. The Learjet 55 is known for being reliable and safe, making it a smart pick for private flying in Europe.
Deciding to buy a Learjet 55 means understanding its strengths and costs.
Compare its benefits with the financial and operational needs. This way, you can choose wisely, fitting your flying dreams and budget.
FAQ
What is the typical acquisition cost for a Learjet 55?
Buying a Learjet 55 costs between $787,500 and $962,500. This price puts it between the pricier Hawker 800 and the Falcon 20, which is cheaper.
What are the annual operating costs for a Learjet 55?
Owning a Learjet 55 costs around $1.7-$1.8 million a year. This includes depreciation. The cost to fly it is about $2,900 per hour. This includes fuel, maintenance, crew, and other fees.
What are the performance specifications of the Learjet 55?
The Learjet 55 can fly up to 1,950 nautical miles. It goes up to 490 knots and can reach 51,000 feet high.
What are the infrastructure requirements for operating a Learjet 55?
You need a runway of at least 2,800 feet for landing with four passengers. Costs like hangar fees, pilot salaries, and insurance add up.
How does the Learjet 55 compare to its competitors?
The Learjet 55 has great performance and costs less to run than its rivals. It’s a good choice for those wanting a fast, long-range, and comfortable business jet.
Featured Image: Pedro Aragão, CC BY-SA 3.0 GFDL, via Wikimedia Commons
