N54CY

Charter & Acquisition Briefing

N54CY is a 2017 CJ1 under EXTOLLO AVIATION PARTNERS 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 N54CY based in DENVER, CO. 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

N54CY 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

N54CY is a Citation M2 (the CJ1+ successor) at $3.5M to $5M. The M2 features the Garmin G3000 touchscreen cockpit, improved FJ44-1AP-21 engines, and a refined cabin. The M2 competes with the HondaJet and Phenom 100 at the entry level of business jet aviation.

At new or near-new pricing, the M2 offers the Cessna service network advantage: more authorized service centers than any competing light jet manufacturer. For owner-pilots who value maintenance accessibility and Cessna's proven support infrastructure, the M2 is the rational choice.

Mission Profile

Core strength: the most affordable jet per mile. At $900 to $1,200 per flight hour direct operating cost, the CJ1 is the only jet that approaches piston aircraft economics while delivering jet speed, altitude, and all-weather capability. For owner-pilots who fly 100 to 300 hours annually on routes under 800 nm, nothing else makes this much economic sense.

When to Choose Something Else

Do not charter a CJ1 for passengers who expect standup cabin height or an enclosed lavatory. The CJ1 cabin is 4.8 feet tall and the lavatory is an emergency-style belted seat. For passenger expectations beyond basic transportation, step up to a Phenom 300 or Citation XLS.

Ownership & Operations

Part 91 operations cover owner-flown and company-flown aircraft under general operating rules. Part 135 governs on-demand air charter, requiring higher crew qualifications, maintenance standards, and operational oversight. An aircraft can operate under both parts: Part 91 for owner use and Part 135 when offered for charter revenue. Dual-use arrangements offset ownership costs by generating charter income during idle periods.

Pre-Purchase Considerations

Pre-purchase inspections are non-negotiable in aircraft acquisitions. A qualified maintenance facility conducts a detailed review of airframe, engines, avionics, and records. Inspection costs range from $15,000 to $75,000 depending on aircraft size and complexity. Findings from the pre-buy determine final pricing, identify upcoming maintenance events, and reveal any damage history that affects value.

Charter Market Context

Charter demand for business jets follows seasonal and economic patterns. Q4 (October through December) sees peak demand driven by year-end business travel, holiday flights, and tax planning (asset purchases before December 31). Q1 starts strong with CES, Davos, and Super Bowl driving specific route demand. Summer leisure travel to resort destinations creates predictable seasonal corridors.

N54CY Aircraft Intelligence

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