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2005 LEARJET 40
Starts from the median asking price of 61 comparable Learjet Jet listings ($3,200,000), then adjusts for:
- Year -3 vs comparable listings -4.5%
- Airframe time +4,789 hr vs comps -9.6%
- Engine time +4,919 hr vs comps -19.7%
- ADS-B (51% of comps) +1.3%
- Market supply: 59 for sale of 437 FAA-registered -5.0%
Shown as a range. An estimate from asking-price comparables and FAA supply data — not an appraisal.
Overview
| Make / Model | Learjet 40 |
|---|---|
| Type | Jet |
| Airframe time | 9,841 hrs |
| Engine time | 9,757.3 SNEW |
| Avionics / Flight management (FMS) | Universal UNS |
| ADS-B | Yes |
Description
HIGHLIGHTS • Part 135 Certificate, Nation-wide Customer Base • Professional Management and Crew can remain in place • Fantastic revenue stream in place • Enrolled on Honeywell MSP Gold Program • Interior/Exterior refreshed in 2018 • No known damage history Documents: - TW-2005-Learjet-40-w-BR-Engines-and-ER-extended-range-tank-mod-N116PJ-Spec-Sheet-9-15-26.pdf: https://media.sandhills.com/doc.axd?id=11048575587&p=&ext=.pdf&dl=False&wt=False&checksum=wWUOc1MNME5PvF4JsDrk4TGzsqCH%2fF44TzaIxi8LQBOnz2%2bsjDgKuzhjVZUc%2bya%2bWTuIX3H4Vf8%3d - N116PJ-Maintenance-Tracking-report-9-15-26.pdf: https://media.sandhills.com/doc.axd?id=11048575582&p=&ext=.pdf&dl=False&wt=False&checksum=wWUOc1MNME5aisfxQ6exEhSi5Ek8Y7rEhcWLW%2fptDtg2Y7OYPg3atOvY66gomi5mbUpOOM5nSks%3d
Modifications
RVSM Pulselights Extended Range Modification Iridium ICS 100 SATCOM Phone 115 VAC Outlets Fwd & Aft 10.4” Monitors (LCD) Airshow 4000 Cabin Entertainment System (10-disc CD Changer, DVD Player)
Avionics
Dual AZ-850 Air Data Computers Dual AHZ-800 AHRS Computers Dual IC-600 Auto Pilot Computers Dual Honeywell RNZ-851 Nav Units Dual Honeywell RCZ-833 Comm Units Dual Honeywell 800 Digital Acquisition Units Four Tube DU-870 EFIS/MFS with 7” X 8” Displays Engine Instrument/Crew Alerting System (EICAS) Honeywell Primus WU-660 Color Radar RT-300 Radio Altimeter Universal UNS-1C Flight Management System ELT Artex C406-2 MHz w/ Nav Interface
Recommended avionics upgrades
No IFR GPS navigator is listed — a GTN 650Xi is the standard entry point for WAAS/LPV capability.
See prices & suppliers ›No autopilot is listed — a GFC 600 or S-TEC 3100 digital autopilot is a major capability and value add, subject to STC approval for this model.
Shop options ›Suggestions are based on the panel described in this listing; verify STC approval for this make/model before any installation.
Service Difficulty Reports (SDRs)
Checking FAA service difficulty reports…
Airworthiness Directives (ADs)
Checking airworthiness directives…
Documents
General
| Year | 2005 |
|---|---|
| Manufacturer | LEARJET |
| Model | 40 |
| Serial Number | 45-2027 |
| Registration # | N116PJ |
| Condition | Used |
| FlightRules | IFR |
Airframe
| Total Time | 9,841.3 |
|---|---|
| Total Landings | 7,790 |
| Winglets | Yes |
Engine 1
| Engine 1 Make/Model | HONEYWELL TFE731-20BR-1B |
|---|---|
| Engine 1 Serial Number | P-116596C |
| Engine 1 Time | 9,757.3 SNEW |
| Engine 1 Cycles | 7,752 |
Engine 2
| Engine 2 Make/Model | HONEYWELL TFE731-20BR-1B |
|---|---|
| Engine 2 Serial Number | P-116597C |
| Engine 2 Time | 9,757.3 SNEW |
| Engine 2 Cycles | 7,752 |
Avionics
| ADS-B Equipped | Yes |
|---|---|
| WAAS | Yes |
| LPV | Yes |
| RNP | Yes |
| Avionics/Radios | Dual AZ-850 Air Data Computers Dual AHZ-800 AHRS Computers Dual IC-600 Auto Pilot Computers Dual Honeywell RNZ-851 Nav Units Dual Honeywell RCZ-833 Comm Units Dual Honeywell 800 Digital Acquisition Units Four Tube DU-870 EFIS/MFS with 7” X 8” Displays Engine Instrument/Crew Alerting System (EICAS) Honeywell Primus WU-660 Color Radar RT-300 Radio Altimeter Universal UNS-1C Flight Management System ELT Artex C406-2 MHz w/ Nav Interface |
Additional Equipment
| Additional Equipment | RVSM Pulselights Extended Range Modification Iridium ICS 100 SATCOM Phone 115 VAC Outlets Fwd & Aft 10.4” Monitors (LCD) Airshow 4000 Cabin Entertainment System (10-disc CD Changer, DVD Player) |
|---|
Brochure
| Brochure | TW-2005-Learjet-40-w-BR-Engines-and-ER-extended-range-tank-mod-N116PJ-Spec-Sheet-9-15-26.pdf |
|---|
Engine Program
| Engine Maintenance Program | MSP Gold |
|---|
Service Logs
| Miscellaneous | N116PJ-Maintenance-Tracking-report-9-15-26.pdf |
|---|
Operating costs & specifications — Learjet 40XR
Typical model-level figures for the Learjet 40XR (not this specific airframe).
Performance & dimensions
| Range | 1,723 nm |
|---|---|
| Cruise speed | 453 kts · 521 mph |
| Takeoff / landing | 4680.0 / 2355.0 |
About this plane
Twin engine turbofan aircraft. The 40XR seats up to 7 passengers plus 2 pilot(s).
Range from base
Still-air range ring — type an aircraft to change it. Compare aircraft on the Range tool ›
Last flight
Actual flight path from FlightAware for N116PJ. More flight tracking ›
