September 2, 2015
The Cessna Citation CJ3 (Model 525B) is an upgraded and extended version of its predecessor the Citation CJ2. It boasts a stretched cabin and wingspan along with increased fuel efficiency.
As of July 2015, half of the CJ3 aircraft were purchased pre-owned by their current owners, and half were purchased new. 5.3% are currently for sale with 72% of those under an exclusive broker agreement. The average number of days on the market before sale is 270.
The first flight of the Citation CJ3 took place on April 17, 2003. Deliveries began in December of 2004.
There are 412 Citation CJ3 aircraft in operation with 13 in shared ownership, 2 in fractional, and 397 wholly owned. By continent, North America has the largest percentage at 65%, followed by Europe at 25%. The largest fleet operator of CJ3 aircraft, Latitude 33 Aviation, LLC, holds 7 of the CJ3 jets in operation. Additionally, 7% of the Citation CJ3 jets are currently l...