Light business jet comparison: Embraer Phenom 100 vs Citation Mustang vs Citation M2
Updated: Jul 22, 2018
If you are looking into getting an entry-level business jet, then a light business jet will work best for you. These types of aircraft provide a lot of the same benefits of bigger jets while keeping the price within a more reasonable range. There are many types of light business jets; here we will be comparing 3 aircraft that are often competitors on the market: the Embraer Phenom 100, Cessna Citation M2, and Cessna Citation Mustang.
Embraer Phenom 100: This aircraft was first introduced into the market in 2008 and was developed by Brazilian aircraft manufacturer Embraer. As of 2017, 297 of this aircraft have been produced. The Phenom 100 offers the performance and luxury of a jet, but with a lower operating cost.
Cessna Citation M2: From American Manufacturer Cessna, this aircraft was first launched in September 2011 and was first introduced into the market in 2013. With over 184 produced since then, this aircraft offers an upgrade from the companies other models.
Cessna Citation Mustang: This aircraft was first introduced in 2007. Since then over 478 of this aircraft have been produced before it’s end of production in May of 2017. Over the course of its 12 year run, it offered performance and efficiency at a competitive cost.
These light business jets are constant competitors on the market because they all offer similar abilities and amenities. Despite their similarities there are still many differences to be explored. In the next section we will explore several categories of these 3 aircraft. From range to maintenance costs, we will see how these 3 aircrafts compare and contrast.
The Cessna Citation Mustang and Embraer Phenom 100 share similar ranges, at 1,150 nautical miles (NM) and 1,178 NM respectively. This would be perfect for a flight that is a few hours long. The Cessna Citation M2 has the highest range of the three at 1,300 NM, offer more options for distance.
The Citation Mustang has the lowest cruising speed of the three at 340 knots. The Phenom 100 clocks in at around 390 knots. But of the three aircrafts the Citation M2 offers the highest cruising speed at around 400 knots. So the Citation M2 so far not only gets you the furthest but gets you there the quickest.
The Citation Mustang is going to have the lowest amount of seats at 5, with the citation M2 and Embraer 100 coming in at second with 7. The amount of seats you need is something to consider when thinking about how many passengers you will frequently fly with.
Price when New (2013 model):
At 3.285 million dollars, the price of the Citation Mustang is the lowest and the Citation M2 is the highest at 4.395 million dollars. The Phenom 100 just passes the 4 million dollars mark at 4.08. The Citation Mustang’s lower price makes it no wonder why it was able to be built so many times in it’s 12 year span. And while the price of the Citation M2 is the highest, it’s better range and speed should also be considered.
Aircraft values (2013 - 2017):
The Citation Mustang will see the most depreciation in value over time, from 3.285 million to 2.125 million, with a change of 41% since new. The Phenom 100 will drop from 4.08 million to 2.775 million, a drop of 37%. The Citation M2 will see the least amount of change from 4.395 million to 3.3 million, which is a drop of just 27%.
Days on Market:
Days on market refers to how many days the aircraft spends on the market after it has been posted for sale. In 2016 and 2017 the Citation Mustang spent an average of 307 and 358 days on the market respectively. The Phenom 100 spent 206 and 271 days on the market. Interestingly, the Citation M2 spent 247 days on the market in 2016 but in 2017 it is less at 104.
The Citation Mustang has the largest fleet at 478, a reason for that could be because it was in production the longest. The Phenom 100 has a fleet of 297, and it has the second longest production time. And the Citation M2, having been introduced to the market in 2013, has the smallest fleet at 184.
There are two costs that should be looked at: the total annual cost and the cost per hour of the aircraft. The annual cost is made up of both direct and fixed costs. Direct costs include fuel, aircraft maintenance and various other expenses throughout the aircrafts regular use. The Fixed cost includes things like crew salaries, hangar cost, insurance depreciation and miscellaneous overhead.
Cost per hour is just how much the aircraft costs to run every hour. To find this for these aircraft, we can just assume an average annual utilization of 400 hours.
Each of these 3 aircraft offers many benefits to whoever buys it. From the Citation M2’s fast speed and high range to the Citation Mustang’s lower cost, each serves as an efficient entry-level jet. However, it all depends on the needs and wants of what you want in a plane. There are also many other light business jets on the market. The Eclipse 550 is another entry-level jet that just recently stopped production. The Honda HA 420 is an aircraft that is newer on the market (2016). This light business jet was designed in Japan and then developed and manufactured in the US. While these other jets are options for you when you're looking for your light business jet, they are not nearly as solid as the Embraer Phenom 100, Cessna Citation M2, or the Citation Mustang.