Buyer's Guides › Jet

How to Buy a Cessna Citation II / Bravo (550): Buyer's Guide

A proven, forgiving light jet whose value depends far more on engine program status, avionics and logbooks than on model year.

Updated October 2026 · Market data from 38 live fyiAero listings, the FAA registry and NTSB records

For sale now
38
Median asking
$1M
Asking range
$395k – $2.2M
US registered
498
Years listed
1979–2003

Overview

The Cessna 550 family covers the Citation II, which flew from the late 1970s into the early 1990s, and its successor, the Citation Bravo, built from the late 1990s into the mid-2000s. Both are straight-wing, twin-turbofan light jets designed around short runways, simple systems and docile handling. That formula made the Citation II one of the most popular business jets of its era, and it is why so many remain in service today. The FAA registry shows 498 U.S.-registered aircraft in the family.

fyiAero listings currently show 38 aircraft for sale: 22 Citation IIs (listed as Citation II or 550 Citation II) and 16 Bravos. Model years run from 1979 to 2003. Asking prices range from $395,000 to $2,250,000, with a median of $1,049,500. The median listed airframe time is 8,246 hours, so most of what you will see is a well-used airplane. That is normal for this type, but it makes maintenance history the whole game.

The jet itself is rarely the problem. The problems come from deferred maintenance, engines with no hourly program coverage, and panels that still need expensive compliance work. A cheap Citation II can easily become the most expensive airplane you ever own, while a well-documented one with enrolled engines can be one of the best values in the jet market.

Who it's for. The 550 suits an owner-operator or small flight department flying regional trips of a few hundred to roughly 1,500 nm with up to seven passengers. It is a common choice for buyers stepping up from a turboprop who want jet speed without large-cabin costs. Every pilot needs a CE-500 series type rating, and standard 550s are certified for two crew. Single-pilot operation requires the specific single-pilot certification or authorization that applies to the airframe and the pilot, so confirm that before you buy if you plan to fly solo. Insurers will want type-rating training from a recognized provider and annual recurrent training. They will usually also expect meaningful multi-engine and turbine time. Lower-time pilots should expect higher premiums, a mentor-pilot requirement, or both. Get insurance quotes before you make an offer.

Generations and variants

VersionYearsWhat changed
Citation II (550)1978-1994The original stretched Citation, with Pratt & Whitney Canada JT15D-4 engines, a straight wing and excellent short-field ability. Asking prices span widely, from a $399,000 1979 example to roughly $1.5 million for a 1990 aircraft on fyiAero. Avionics, engine program status and paint and interior drive more of the spread than year does.
Citation II/SP and S/II derivatives1978-1988These are single-pilot-certified and aerodynamically refined offshoots of the II, built under related model designations. They appear less often under the 550 name, so verify exactly which model and certification basis you are buying, because it affects crew requirements and insurance.
Citation Bravo (550 Bravo)1997-2006This update brought Pratt & Whitney Canada PW530A engines, trailing-link landing gear, a Honeywell Primus 1000 glass cockpit and a refreshed cabin. Bravos command the top of the market on fyiAero, with 2002-2003 examples asking about $2.2 million, while some earlier Bravos list near $1.2-1.3 million.

What a Cessna Citation II / Bravo (550) costs to buy

18 priced listings on fyiAero right now ask between $395,000 and $2,250,000, with a median of $1,049,500 and a median of 8,246 hours total time. Against fyiEstimate, 6 are priced below estimate, 2 within range and 7 above.

Average asking price by model year

1979$399k (1)
1981$962k (4)
1982$872k (2)
1989$635k (2)
1990$1.5M (1)
1991$1.3M (1)
1992$1M (1)
1999$1.3M (2)
2000$1.9M (1)
2001$1.2M (1)
2002$2.2M (1)
2003$2.2M (1)

Median asking price by airframe time

3,000–5,000 hrs$1,434,0004 listings
5,000+ hrs$962,00012 listings

Pre-buy inspection checklist

Have a shop that knows the type do the pre-buy, and ask them to research every applicable AD and service bulletin. Pay particular attention to:

Find an appraiserInspection programs

Popular upgrades

Ownership costs

This is a jet, and it is budgeted like one. Industry estimates for this type put variable costs at about $3,148 per flight hour, driven largely by a fuel burn of about 171 gallons per hour. That works out to roughly $8.77 per nautical mile at a 330-knot cruise. At 325 hours a year, the estimated total annual budget is about $1,399,965, and fixed costs alone start around $376,800 before you fly at all. Fixed costs include hangar, insurance, training, crew if applicable, and subscriptions. The average pre-owned value is about $1,125,000. Note that annual operating cost can exceed the purchase price of an older Citation II. Engine reserves or program fees are the item buyers most often underestimate.

Variable cost / hr
$3,148
Fuel burn
171.0 gph
Cruise
330 kt
Annual budget (325 hrs)
$1,399,965
Loan calculatorInsuranceCompare operating costs

Safety record

NTSB records show 10 accidents in this family over the last 10 years, 1 of them fatal, with 2 aircraft destroyed. Against the 498 U.S.-registered aircraft, that works out to about 20.1 accidents and 2.0 fatal accidents per 1,000 aircraft. The airplane has a long reputation for benign handling and good low-speed manners. The risk areas are typical of light jets: runway excursions on short or contaminated runways, unstable approaches, icing operations, and single-pilot workload in high-density airspace or bad weather. Quality type training, annual recurrent sessions in a simulator, disciplined use of checklists and stabilized-approach criteria, and honest weight-and-performance planning are the best risk reducers.

Accidents, last 10 yrs
10
Fatal
1
Per 1,000 aircraft
20.1
Fleet & safety by modelSearch NTSB accidentsLook up an N-number

Alternatives to consider

Compare side by side

Frequently asked questions

How much does a Citation II or Bravo cost?

fyiAero listings currently range from $395,000 to $2,250,000, with a median asking price of $1,049,500. Older Citation IIs sit at the low end and late Bravos at the top.

What does it cost per hour to operate?

Industry estimates put variable costs at about $3,148 per hour, with a fuel burn around 171 gallons per hour. A 325-hour annual budget, including fixed costs, is estimated at about $1,399,965.

Can I fly a Citation 550 single-pilot?

Standard 550s are certified for two crew, so single-pilot operation depends on the specific aircraft certification and your type rating authorization. Confirm both with your training provider and insurer before you buy.

What is the difference between the Citation II and the Bravo?

The Bravo has newer PW530A engines, trailing-link gear, a glass cockpit and an updated cabin. That is why Bravos generally list at higher prices on fyiAero.

How many hours do typical listings have?

The median airframe time in current fyiAero listings is 8,246 hours. Aircraft with 3,000-5,000 hours carry a median ask of $1,434,000, compared with $962,000 for those over 5,000 hours.

How safe is the Citation 550?

NTSB records show 10 accidents, 1 fatal, over the last 10 years across a U.S. fleet of 498 aircraft. That is about 20.1 accidents per 1,000 aircraft. Strong training and recurrent practice are the biggest factors in operating it safely.

Cessna Citation II / Bravo (550) for sale

Cessna CITATION II 19 Cessna CITATION BRAVO 16 Cessna 550 CITATION II 3
1992 CESSNA CITATION II 📷 22
1992 CESSNA CITATION II
Sarasota, FL
Call for price N696VP
fyiEstimate $964k–$988k
GPS
2001 CESSNA CITATION BRAVO 📷 11
2001 CESSNA CITATION BRAVO
El Paso International Airport, El Paso (KELP), TX
Call for price N721T
fyiEstimate $1.9M–$1.9M
GPS
2001 CESSNA CITATION BRAVO 📷 24
2001 CESSNA CITATION BRAVO
Call for price N376RA
fyiEstimate $1.5M–$1.5M
PRATT & WHITNEY PW530A Autopilot RVSM
1998 CESSNA CITATION BRAVO 📷 25
1998 CESSNA CITATION BRAVO
Call for price N66PFKSRQ
fyiEstimate $1.7M–$1.7M
RVSM
1981 CESSNA CITATION II 📷 46
1981 CESSNA CITATION II
Call for price N229BM
fyiEstimate $820k–$840k
PRATT & WHITNEY JT15-4B GPS Autopilot
2001 CESSNA CITATION BRAVO 📷 23
2001 CESSNA CITATION BRAVO
Call for price N497PF
fyiEstimate $1.4M–$1.4M
PRATT & WHITNEY PW530A Autopilot
Email me new Cessna Citation II / Bravo (550) listings What's my aircraft worth? All buyer's guides

Prices, fleet and safety figures update automatically from fyiAero listings, the FAA aircraft registry and NTSB data. The editorial was written by fyiAero with AI assistance from that data and general type knowledge. It is not a substitute for a pre-buy inspection, title search or professional advice.