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29 Nov 2021, 00:56 [ UTC - 5; DST ]


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 Post subject: Under contract: Citation 501SP
PostPosted: 10 Oct 2021, 19:14 
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Joined: 05/05/09
Posts: 4262
Post Likes: +3698
Aircraft: G44, R44, C501, A109
Very Nice Paint and gorgeous interior.
10 seats
Aft baggage mod
6400TT
Fresh hot sections with 1775 left on both motors
Jetech Garmin 750s, remote 345, remote audio, XM music and weather, Garmin radar, King EFIS, Garmin 275 back up,
No damage history.
Thrust reversers
Freon Air
Really nice and rare EFIS 50 EADI 863-899-1617


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Last edited on 30 Oct 2021, 19:04, edited 5 times in total.

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 Post subject: Re: FS: Citation 501SP
PostPosted: 10 Oct 2021, 19:36 
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Joined: 11/12/08
Posts: 748
Post Likes: +188
Location: Liberty, MO
Aircraft: Bonanza A-36
Wow! What a beautiful plane. How is this priced less than a Meridian??

Good luck with the sale!


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 Post subject: Re: FS: Citation 501SP
PostPosted: 10 Oct 2021, 19:49 
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Joined: 05/05/09
Posts: 4262
Post Likes: +3698
Aircraft: G44, R44, C501, A109
Username Protected wrote:
Wow! What a beautiful plane. How is this priced less than a Meridian??

Good luck with the sale!


Agreed. That makes zero sense to me.


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 Post subject: Re: FS: Citation 501SP
PostPosted: 13 Oct 2021, 16:20 
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Joined: 12/13/11
Posts: 15
Post Likes: +4
Location: Newport Coast, California
Aircraft: 2008 Cessna 400
For those of us that can afford the fuel bills, these are an amazing value.


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 Post subject: Re: FS: Citation 501SP
PostPosted: 13 Oct 2021, 21:25 
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Joined: 03/25/13
Posts: 235
Post Likes: +52
Location: Castlewood SD
Aircraft: Duke
What’s the deal with the cockpit all tore up.


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 Post subject: Re: FS: Citation 501SP
PostPosted: 13 Oct 2021, 21:32 
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Joined: 11/08/12
Posts: 12204
Post Likes: +4804
Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
Username Protected wrote:
Wow! What a beautiful plane. How is this priced less than a Meridian??


You can argue over how significant these things are, but they are all true

1) type rating required
2) fuel burn higher
3) mandatory maintenance requirements higher
4) airframe viability dependent on sustained supply of used engines
5) older airframe
6) ramp fees higher


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 Post subject: Re: FS: Citation 501SP
PostPosted: 13 Oct 2021, 22:40 
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Joined: 05/05/09
Posts: 4262
Post Likes: +3698
Aircraft: G44, R44, C501, A109
Username Protected wrote:
What’s the deal with the cockpit all tore up.


I was redoing the panel with 750s...how did you think those got there! :D


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 Post subject: Re: FS: Citation 501SP
PostPosted: 13 Oct 2021, 22:42 
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Joined: 05/05/09
Posts: 4262
Post Likes: +3698
Aircraft: G44, R44, C501, A109
Username Protected wrote:
Wow! What a beautiful plane. How is this priced less than a Meridian??


You can argue over how significant these things are, but they are all true

1) type rating required. TRUE
2) fuel burn higher. TRUE
3) mandatory maintenance requirements higher, NOT MUCH MORE THAN MERIDIAN ON LUMP
4) airframe viability dependent on sustained supply of used engines PLENTIFUL
5) older airframe. WHO CARES, 10000% BETTER MADE THAN A MERIDIAN
6) ramp fees higher
. NOT REALLY WITH CAA WHICH HAS NO RAMP FEES

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 Post subject: Re: FS: Citation 501SP
PostPosted: 14 Oct 2021, 09:59 
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Joined: 11/08/12
Posts: 12204
Post Likes: +4804
Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
If I were in the market for a turbine, an older citation would be top of my list. I don’t find the above items consequential… but they’re true.


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 Post subject: Re: FS: Citation 501SP
PostPosted: 14 Oct 2021, 11:38 
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Joined: 06/01/15
Posts: 3
Post Likes: +18
Aircraft: Twin Bonanza
Inquiring minds want to know, what is the fuel burn?


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 Post subject: Re: FS: Citation 501SP
PostPosted: 14 Oct 2021, 16:41 
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Joined: 08/03/10
Posts: 1525
Post Likes: +1743
Company: D&M Leasing Houston
Location: Katy, TX (KTME)
Aircraft: Citation V
Username Protected wrote:
Inquiring minds want to know, what is the fuel burn?



I have owned a Citation for 3 years and I have only paid a ramp fee once. It was at DFW.

180 - 1st hour
150 - 2nd hour
120 - 3rd hour

These are the best I recall from the 501sp.


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 Post subject: Re: FS: Citation 501SP
PostPosted: 14 Oct 2021, 16:41 
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Joined: 12/03/14
Posts: 14249
Post Likes: +17434
Company: Ciholas, Inc
Location: KEVV
Aircraft: C560V
Username Protected wrote:
You can argue over how significant these things are, but they are all true

1) type rating required
2) fuel burn higher
3) mandatory maintenance requirements higher
4) airframe viability dependent on sustained supply of used engines
5) older airframe
6) ramp fees higher

On maintenance, you can get a LUMP (low utilization maintenance program) which extends phase 1-4 to 3 years and phase 5 to 6 years. This is a lot nicer than the every year minimum I had to inspect the MU2, especially having less downtime. There are smaller things that occur outside those major ones, but not very extensive.

On engines, you can hot section and fly past overhaul, so the part 91 flyer is not as dependent on a supply of used engines.

On ramp fees, I sometimes find the Citation is equal or less than the MU2 was, and I have yet to pay a ramp/facility fee in the Citation since I buy fuel enough to waive it. Parking has been more, but the size of the Citation is quite a bit larger than the MU2.

On older airframe, it means you can find used, surplus, salvage parts. Good luck doing that for a CJ4, but easy for a 501, for example. Newer airplanes are not problem free, and when something does break, it can be VERY expensive for them. They are mostly on onerous programs that pay by the hour, too.

You do need a type rating. Once typed, the yearly recurrent is not excessively more onerous than a turboprop course.

Fuel is more and is a bit painful right now with increasing prices. I expect fuel prices to moderate in the future.

But there is nothing like being at FL430 and cruising at mach 0.72 in clear smooth air like I did yesterday. It boils down to whether you can afford to do it or not.

Mike C.

_________________
Email mikec (at) ciholas.com


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 Post subject: Re: FS: Citation 501SP $550K FIRM
PostPosted: 14 Oct 2021, 23:33 
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Joined: 07/11/15
Posts: 29
Post Likes: +16
Aircraft: 58P Harpoon
Does this have the 9500 ZFW and 12500 GW STC's?


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 Post subject: Re: FS: Citation 501SP
PostPosted: 15 Oct 2021, 12:15 
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Joined: 09/11/12
Posts: 118
Post Likes: +24
Location: Chicago, IL (KGYY)
Aircraft: Piper M600
Username Protected wrote:
You can argue over how significant these things are, but they are all true

1) type rating required. TRUE
2) fuel burn higher. TRUE
3) mandatory maintenance requirements higher, NOT MUCH MORE THAN MERIDIAN ON LUMP
4) airframe viability dependent on sustained supply of used engines PLENTIFUL
5) older airframe. WHO CARES, 10000% BETTER MADE THAN A MERIDIAN
6) ramp fees higher
. NOT REALLY WITH CAA WHICH HAS NO RAMP FEES

CAA FBOs used to be required to not charge members ramp fees, but that's sadly not been true for several years.

That being said, most still don't, as long as you meet their fuel minimums, which you will basically always do with a 501. And CAA FBOs _are_ required to document (and honor pricing on) all of their fees, so you can always easily find out what you're in for.

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 Post subject: Re: FS: Citation 501SP $550K FIRM
PostPosted: 15 Oct 2021, 13:07 
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Joined: 11/08/12
Posts: 12204
Post Likes: +4804
Location: Jackson, MS (KHKS)
Aircraft: 1961 Cessna 172
This looks like a great example of a great type.

The question was “why is this less than a Meridian”. I stand by my answers and would definitely take this over a Meridian


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