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Turboprop

2005 LEARJET 45XR

$3,950,000 fyiEstimate $3,500,500–$3,589,000 How this estimate is built

Starts from the median asking price of 5 comparable LEARJET 45XR listings ($3,500,000), then adjusts for:

  • Year -1 vs comparable listings -1.5%
  • Airframe time +1,911 hr vs comps -3.8%
  • Engine time -4,263 hr vs comps +12.0%
  • Market supply: 42 for sale of 437 FAA-registered -4.6%

Shown as a range. An estimate from asking-price comparables and FAA supply data — not an appraisal.

2005
8,311 hrs
N189PP
45-264
HONEYWELL
2
KRIC
📍 Easton, Maryland
Butler LLC
Per the FAA aircraft registry (public record)

Overview

Make / ModelLEARJET 45XR
TypeTurboprop
Airframe time8,311 hrs
Engine time1,073 SMOH
Avionics / flight deckHONEYWELL PRIMUS 1000
ADS-BYes
AnnualSeptember 2026
AirworthyYes
ADS-B

Description

Highlights: Current Part 135, Cabin Entertainment System, Lightning / Ice Protection, Enhanced Vision System, Wi-Fi Onboard, Enclosed Lavatory, 9 Passengers, Enhanced Amenities The current ownership group is seeking 3 partner to take on a fractional ownership position. Please inquire for additional details. One of 3 partners is exiting the partnership after a decade due to his significantly reduced utilization.

Avionics

Honeywell Primus 1000 ADS-B Out Compliance WAAS/LPV Capabilities Gogo ATG 2000 with Service Life Extension

How this aircraft compares

Where this LEARJET 45XR lands versus other LEARJET 45XR listings on fyiAero.

Price

80th pct
$2.5M$4.0MThis aircraft · $4.0M

$4.0M · 80th percentile of 5 listings

Airframe time

93rd pct
3,8368,753This aircraft · 8,311

8,311 hours total (TTAF) · 93rd percentile of 14 listings

Engine time (Engine 1)

8th pct
1,0738,718This aircraft · 1,073

1,073 hours since major overhaul · 8th percentile of 12 listings

Engine time (Engine 2)

8th pct
1,1578,718This aircraft · 1,157

1,157 hours since major overhaul · 8th percentile of 12 listings

Percentile = share of comparable listings at or below this value. Lower airframe/engine hours are generally fresher; price reflects the asking price only.

General

Year2005
ManufacturerLEARJET
Model45XR
Serial Number45-264
Registration #N189PP
ConditionUsed
FlightRulesIFR
Based atKRIC

Airframe

Total Time8,311.8
Total Landings8,443
Max Takeoff Weight21,500 lb
WingletsYes
Parts Maint. Program Hourly Rate698

Engine 1

Engine 1 Make/ModelHONEYWELL
Engine 1 Time1,073 SMOH
Engine 1 Cycles777

Engine 2

Engine 2 Time1,157 SMOH
Engine 2 Cycles899

Avionics

Flight Deck Manufacturer/ModelHONEYWELL PRIMUS 1000
Primary Flight Display 1 Manufacturer/ModelHONEYWELL
ADS-B EquippedYes
WAASYes
LPVYes
RNPYes
Avionics/RadiosHoneywell Primus 1000 ADS-B Out Compliance WAAS/LPV Capabilities Gogo ATG 2000 with Service Life Extension

Additional Equipment

WifiYes

Interior

Number of Seats8

Exterior

Year Painted2013

Inspection Status

Inspection StatusMSP Gold Engine Program $490 / Hour / Engine Bombardier Smart Parts Program $698 / Hour No Damage History 12 Month Due: September 2026 24 Month Due: September 2026 96 Month Due: June 2031
AirworthyYes

Auxiliary Power Unit

APUYes
APU Maintenance ProgramMSP
APU Maint. Program Hourly Rate139.43

Engine Program

Engine Maintenance ProgramMSP Gold
Engine Maint. Program Hourly Rate Per Engine490.58
Engine Maint. Program Coverage Percentage100