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The aim of this study is to investigate the overall performance (exergetic, exergoeconomic and exergoenvironmental) of CT7-7A turboprop engine manufactured by General Electric Aviation (GE Aviation) and currently used to power CN-235, a medium range transport aircraft. The investigation has been carried out using the thermoeconomic, sustainability and environmental damage cost analysis methods. The adopted turboprop engine has been investigated to observe the behaviour of various performance parameters, sustainability, emission parameters as well as cost parameters of engine. Due to ever increasing demand in air transport systems, focus has been on developing efficient and sustainable systems with lowest possible cost. In order to reduce cost & environmental effects of engine and at same time to acquire higher performance, it is necessary to understand the mechanism that can offer improvements in the engine operating and design parameters so that higher performance can be obtained.