Cessna 550
Jet · 502 active US registrations
Purchase Price
$1.0M-$4.0M
Fuel Burn
150 gph
Cost/Hour
$1080.00/hr
US Fleet
502
Ownership Cost Summary
Purchase
$1.0M-$4.0M
Annual Fixed
$45K-$75K
/yr
Hourly Variable
$1080.00/hr
/flight hour
5-Year Total
$1.8M-$5.5M
Cost estimates based on published data and industry averages. Actual costs vary by condition, location, usage, and maintenance history.0
Use our ownership calculator to customize these estimates for your flying hours and location.
Specifications & Engine
Performance
Engine & Weights
Source: FAA Type Certificate Data Sheet, ENGINE.txt registry. TBO and overhaul costs from industry standard data.
Market Prices by Year
Typical asking prices. Actual prices vary by condition, total time, avionics, and engine time.
Similar Jet Aircraft
Compare the 550 to other jet aircraft.
Insurance Estimates
Annual hull + liability premiums by pilot experience.
Hangared aircraft save 15-30% on premiums
Covered tiedown vs. open tiedown also affects rates.
Rates are estimates only and vary by hull value, pilot experience, training, location, and carrier. Contact an aviation insurance broker for accurate quotes.
See insurance quote comparison tool or state insurance requirements.
Safety Record
NTSB data, 1982-2025.
34
Total Reports
28
Accidents
8
Fatal
67.7
Per 1K Fleet
Raw NTSB report counts. Not a safety rating. Factors including fleet size, flight hours, pilot demographics, and mission profile affect rates.
Maintenance Reports
FAA SDR data, 2015-2024.
77
Service Difficulty Reports
Top Systems Reported
SDRs are mandatory reports filed by maintenance facilities when defects are found. Higher counts may reflect larger fleet size and better reporting, not necessarily lower reliability.
Fuel Cost
150.0 gph at ~$6.50/gal 100LL
$975
/hr
$97,500
100 hrs
$195,000
200 hrs
Prices vary by region. View by state.
Fleet & Registration
502
Active US Registrations
Source: FAA Aircraft Registry (active, valid registrations).
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Frequently Asked Questions
How much does a Cessna 550 cost?
A Cessna 550 typically sells for $1,000,000 to $4,000,000 depending on year, condition, total time, and avionics.
How much does it cost per hour to fly a Cessna 550?
The variable cost is approximately $1080.00/hr, including fuel, oil, and engine reserve.
What is the fuel burn of a Cessna 550?
Approximately 150.0 gallons per hour at normal cruise.
What are the annual costs of owning a Cessna 550?
Annual fixed costs run $45,225 to $75,475/yr before fuel and engine reserves.
How much does an engine overhaul cost on a Cessna 550?
$500,000 to $760,000, TBO of 3,500 hours.
How many Cessna 550 aircraft are still flying?
There are 502 Cessna 550 aircraft with active US registrations according to the FAA Aircraft Registry.
What is a Cessna 550 best suited for?
The Cessna 550 is best suited for business travel, charter, and high-speed long-range operations. Its combination of performance, operating costs, and payload make it a popular choice in its category.
What maintenance costs should I expect for a Cessna 550?
Plan for an annual inspection costing $5,000 – $12,000 depending on the shop and any squawks found. Unscheduled maintenance and parts replacements add to this. You should also budget $180/hr in engine reserves toward the eventual overhaul.
Is the Cessna 550 a good first airplane?
The Cessna 550 is not recommended as a first aircraft. Jets require extensive training, type ratings, and most insurance carriers require significant total flight time before covering jet operations.
Important Disclaimer
All cost estimates, specifications, and data on HangarMath are provided for informational and educational purposes only. This information does not constitute financial, legal, or aviation safety advice. Aircraft ownership involves significant financial risk, and actual costs can vary dramatically from estimates shown here. Always conduct your own due diligence, hire a qualified A&P/IA mechanic for prebuy inspections, consult with an aviation attorney for purchase agreements, and work with a certified financial advisor before making aircraft purchase decisions. HangarMath makes no warranties about the accuracy, completeness, or reliability of any data presented. We are not responsible for any financial losses, property damage, personal injury, or death that may result from decisions made based on information found on this site.