Aircraft Cost Evaluator 2011 Vol II

ESTIMATED VARIABLE COSTS - Per Hour

Citation Excel Citation Mustang Citation XLS

Fuel (1) €1,200.00 €432.00 €1,147.20

Fuel Additives
Lubricants

Maintenance Labor (2) 78.38 40.19 77.04

Parts Airframe/Eng/Avion (3) 90.68 42.13 88.31

Engine Restoration (4) 242.32 166.76 240.60

Thrust Reverser Allowance
Propeller Allowance
APU Allowance 25.08 25.58
Major Periodic Maintenance

Misc Exp. - Landing/Parking 14.78 6.39 14.93

- Crew Expenses 64.52 23.39 64.52
- Supplies/Catering 34.01 18.55 34.01
- Carbon Offset (5)
- Other

Fractional Fuel Surcharge Cost/Hour + Tax

Fractional Cost/Hour + Tax
Total Variable Cost/Hour €1,749.77 €729.41 €1,692.19

Cost per Nautical Mile €4.42 €2.35 €4.19

Average Speed-Kts. (6) 600-nm trip 396.00 310.00 404.00

Cost data in this report is intended to be used as a benchmark

FOOTNOTES - Size of Operation: 1 - 2 Aircraft Date: 28.11.2011 Currency: €

Type of Operation: Corporate Corporate Corporate

1. Fuel Cost 4.80 4.80 4.80

Gallons/Hour Blk Fuel/Flt Time +15% 250 90 239
2. Maint. Labor Cost per Hour 67 67 67
Maint. Hours/Flight Hours 1.17 0.60 1.15
3. Incl. Engine Parts Cost No No No
Engine Model PW545C PW615F PW545B
Aircraft Model Year 2004 New 2008
4. Overhaul Cost Source JSSI Prem11 JSSI Prem11 JSSI Prem11
5. CO2 Cost Per Tonne
6. Block Speed Source Mftr Data Estimated Mftr Data

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 Aircraft Cost Evaluator 2011 Vol II

ANNUAL FIXED COSTS

Citation Excel Citation Mustang Citation XLS

Crew salaries - Captain (7) €78,513 €57,624 €78,513

- Co Pilot 55,463 55,463
- Flt Attendant
- Flt Eng/Other
- Benefits 40,193 17,287 40,193
Hangar - Typical 27,371 16,567 27,371
Insurance - Hull (8) 7,347 11,518 11,525
Single Limit Liability 7,563 5,762 7,563

Recurrent Training 22,474 8,716 22,474

Aircraft Modernization (9) 25,211 14,406 25,211
Navigation Chart Service 3,298 3,298 3,298
Refurbishing (10) 18,757 5,359 21,437
Computer Mx. Program (11) 1,945 1,945 1,945
Weather Service (12) 504 504 504
Other Fixed Costs
Mgmt Fee/Yr
Total Fixed Cost/Year €288,639 €142,987 €295,496

Cost data in this report is intended to be used as a benchmark

FOOTNOTES - Size of Operation: 1 - 2 Aircraft Date: 28.11.2011 Currency: €

7. Crew Salary Source 10 NBAA Estimated 10 NBAA
Number of Crew 2 1 2
8. Ins Hull Value/Frac Share Cost 3,673,530 2,303,519 5,762,400
Hull Insurance Rate (%) 0.20 0.50 0.20
9. Modernization 10 Yr Avg 10 Yr Avg 10 Yr Avg
10. Refurbish Labor Hrs/Seat 40 20 40

11. Comp. Mx Program Source Typical Typical Typical

12. Weather Service Source Typical Typical Typical

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 Aircraft Cost Evaluator 2011 Vol II

ANNUAL BUDGET

Citation Excel Citation Mustang Citation XLS

Utilization - Nt. Miles 175,000 175,000 175,000

- Hours 442 565 433

Variable Cost 773,399 412,117 732,718

Fixed Cost 288,639 142,987 295,496
Total Cost (No Depreciation) €1,062,038 €555,104 €1,028,215
- Per Hour 2,403.00 982.00 2,375.00
- Per Nt. Mile 6.07 3.17 5.88
- Per Seat Nt. Mile 0.87 0.79 0.73

Total Cost (No Depreciation) 1,062,038 555,104 1,028,215

Book Depreciation (13) 367,353 230,352 576,240
Total Cost (Book Dep) €1,429,391 €785,456 €1,604,455
- Per Hour 3,234.00 1,390.00 3,705.00
- Per Nt. Mile 8.17 4.49 9.17
- Per Seat Nt. Mile 1.17 1.12 1.15

Total Cost (No Depreciation) 1,062,038 555,104 1,028,215

Market Depreciation (14) 146,941 92,141 230,496
Total Cost (Market Dep.) €1,208,979 €647,245 €1,258,711
- Per Hour 2,735.00 1,146.00 2,907.00
- Per Nt. Mile 6.91 3.70 7.19
- Per Seat Nt. Mile 0.99 0.92 0.90

Cost data in this report is intended to be used as a benchmark

Footnotes - Size of Operation: 1 - 2 Aircraft Date: 28.11.2011 Currency: €

13. Book Depreciation Rate 10% per yr 10% per yr 10% per yr
14. Market Depreciation Rate 4.00 4.00 4.00

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 Aircraft Cost Evaluator 2011 Vol II

GENERAL COMPARISON
Citation Excel Citation Mustang Citation XLS

Cabin-Height (Ft.) 5.70 4.50 5.70

- Width 5.50 4.58 5.50

- Length 18.50 9.80 18.50

Cabin volume (Cu. Ft.) 461.00 144.00 461.00

Cabin Door Height (Ft.) 4.54 3.80 4.54

- Width 2.00 2.00 2.00

Baggage -Int. (Cu.Ft.) 10.00 6.00 10.00

- External 80.00 57.00 80.00

Typical Crew/Pass Seating 2/7 1/4 2/8

Weight-Max Take-off (Lbs.) 20,000 8,645 20,200

- Maximum Landing 18,700 8,000 18,700

- Basic Operating 12,500 5,550 12,800

- Usable Fuel 6,740 2,580 6,740

Payload-Full Fuel (Lbs.) 960 600 860

- Maximum 2,500 1,200 2,300

Certified Yes Yes Yes

IFR Certified Yes Yes Yes

Price - New (Corporate)/1000 7,397 2,304 8,119

- Pre Owned Rng/1000 2.377/3.674 1.369/2.278 4.106/5.762

- Years Produced 1998 - 2004 2006 - to present 2004 - 2008

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 Aircraft Cost Evaluator 2011 Vol II

PERFORMANCE COMPARISON
Citation Excel Citation Mustang Citation XLS

Range-NBAA IFR Res (N.Mi.)

Seats Full 1,449 716 1,539

Ferry Range - (Pilot(s) only, no pax) 1,839 1,068 1,989

Range-30 Min. Res (N.Mi.)

Seats Full

Ferry Range - (Pilot(s) only, no pax)

Balanced Field Length (Ft.) 4,060 3,380 3,940

Landing Field Length - FAR 91 2,950 2,210 2,843

Landing Field Length - FAR 121 4,917 3,683 4,738

Landing Field Length - FAR 135 3,688 2,762 3,554

Rate Of Climb (Ft/Min) 3,790 3,010 3,500

- One Engine Out 699 870 800

Cruise Speed-Max (KTAS) 433 340 433

- Normal 433 340 433

- Long Range 373 319 373

Stall Speed (IAS) 81 67 81

Ceiling-Service MTOW (Ft.) 44,000 41,000 45,000

- Certified 45,000 41,000 45,000

- Service OEI 28,600 26,900 28,600

- Hover IGE (Helicopter Only)

- Hover OGE (Helicopter Only)

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