N518ME

Charter & Acquisition Briefing

N518ME is a 2002 CJ1 under 717 AVIATION HOLDINGS LLC. At under $2M acquisition and $180,000 annual operating cost, the CJ1 is one of the most affordable jets to own and fly.

Fleet Position

Over 700 CJ1-family aircraft (CitationJet, CJ1, CJ1+, M2) are in service. FAA data shows N518ME based in HOLTWOOD, PA. The CJ1 is single-pilot certified and has the highest owner-pilot ratio in the Citation family. Fleet depth ensures parts availability and service access at virtually every Cessna-authorized center in the U.S.

Charter Availability

N518ME is Part 135 charter authorized. CJ1 charter rates range from $2,000 to $2,800 per flight hour, among the lowest in the jet category. The tradeoff: the cabin seats 5 to 6 without a standup aisle, and the lavatory is a belted seat with emergency provisions rather than an enclosed facility. For 2 to 4 passengers on routes under 800 nm, the CJ1 delivers jet speed at near-turboprop pricing.

Market Position

N518ME is a 2002 Citation CJ1 with upgraded FJ44-1AP engines and improved avionics. Pre-owned values sit at $1.5M to $2.2M. The CJ1 brought FADEC engine controls and better hot-and-high performance over the original CitationJet.

At this vintage, the CJ1 offers the best value in entry-level jet ownership. Acquisition cost is 40 to 60% below a comparable CJ3, and operating costs run $150,000 to $200,000 annually at 200 hours. For owner-pilots whose missions stay under 1,000 nm with 2 to 4 passengers, the CJ1 does everything needed.

Mission Profile

The CJ1 covers regional missions at costs that compete with high-performance piston aircraft. Atlanta to Hilton Head in 45 minutes. Denver to Moab in 50 minutes. San Francisco to Lake Tahoe in 30 minutes. The aircraft reaches FL410 in under 20 minutes, getting above weather and terrain that would ground piston aircraft.

When to Choose Something Else

The CJ1 is wrong for routes over 1,000 nm. Published range of 1,300 nm drops below 1,000 nm with reserves, headwinds, and 4 passengers. For routes consistently over 800 nm, the CJ3 (2,040 nm) provides genuine nonstop capability with margin.

Ownership & Operations

Operating costs for business jets break into fixed and variable categories. Fixed costs (hangar, insurance, crew salaries, management fees) accrue whether the aircraft flies or not. Variable costs (fuel, maintenance reserves, landing fees, handling) scale with flight hours. Owners flying fewer than 200 hours annually often find charter or fractional ownership more economical than whole aircraft ownership.

Pre-Purchase Considerations

Total time on airframe and engines is the primary metric for aircraft valuation. Lower-time aircraft command premium pricing but cost more upfront. Higher-time aircraft offer lower acquisition cost but carry higher near-term maintenance exposure. The break-even analysis depends on planned utilization: buyers flying 400+ hours annually amortize acquisition cost faster and tolerate higher initial investment.

Charter Market Context

Jet card programs and membership plans lock in hourly rates for guaranteed availability. Cards typically require a $50,000 to $500,000 deposit and offer 24 to 48 hour booking windows with fixed hourly pricing. The value depends on usage frequency: clients flying 25+ hours annually benefit from rate certainty and guaranteed availability. Below 25 hours, on-demand charter often provides better economics.

N518ME Aircraft Intelligence

Cross-referenced from FAA Registry, Part 135 operator database, and live ADS-B telemetry.