Learjet 40 Market Report
Jet · generated 2026-10-20 · fyiAero market data, FAA registry, NTSB, aircraft.com sold records.
Market summary
437in operation (FAA)
4for sale · 0.9% of fleet
$2,200kaverage asking
$2,200kmedian asking
53avg days on market
22registry transfers, 6 mo
5.5 yravg length of ownership
| Low | Avg | High | |
|---|---|---|---|
| Asking price | $2,200k | $2,200k | $2,200k |
| Model year | 2004 | 2005 | 2008 |
| Airframe time | 4,971 | 6,985 | 9,841 |
| Days on market | — | 53 | 88 |
For sale & average asking by month reconstructed from listing history
| Month | For sale | Avg asking | Trend |
|---|---|---|---|
| 2026-07 | 1 | — | |
| 2026-08 | 5 | — | |
| 2026-09 | 10 | $1,895k | |
| 2026-10 | 11 | $2,048k |
Features of aircraft for sale
| Autopilot | 50% (2) | |
| ADS-B | 25% (1) | |
| GPS navigator | 0% (0) | |
| FIKI | 0% (0) | |
| GTN 750 / 750Xi | 0% (0) | |
| Glass flight deck | 0% (0) |
Where the fleet is based top states, FAA registry
| TX | 55 | |
| DE | 37 | |
| OK | 36 | |
| UT | 35 | |
| FL | 28 | |
| OH | 22 | |
| MI | 20 | |
| AR | 18 | |
| IL | 18 | |
| NE | 16 |
9 of 437 are individually registered.
Registry transfers by month new registration certificates, 12 mo
| 2025-10 | 3 | |
| 2025-11 | 5 | |
| 2025-12 | 10 | |
| 2026-01 | 5 | |
| 2026-02 | 10 | |
| 2026-03 | 3 | |
| 2026-04 | 7 | |
| 2026-05 | 8 | |
| 2026-06 | 4 | |
| 2026-07 | 6 | |
| 2026-08 | 1 |
Aircraft for sale 4 units · asking vs fyiEstimate
| Year | Reg | Serial | Asking | fyiEstimate | vs est | TTAF | Engine | Seller | DOM |
|---|---|---|---|---|---|---|---|---|---|
| 2004 | I-AVNE | 45-2015 | Inquire | — | — | 6,145 | 6,145 | New Jet International | 88 |
| 2004 | N141JM | 2010 | Inquire | — | — | 4,971 | 4,650 | Southern Cross Aircraft | 37 |
| 2005 | N116PJ | 45-2027 | $2,200,000 | — | — | 9,841 | 9,757 | Thunder Wings Aircraft Sales | 15 |
| 2008 | — | 2114 | Inquire | — | — | — | — | 72 |
Market by model year fleet · for sale · asking
| Year | Fleet | For sale | % | Low | Avg | High |
|---|---|---|---|---|---|---|
| 1995 | 1 | 0 | 0.0% | — | — | — |
| 1998 | 7 | 0 | 0.0% | — | — | — |
| 1999 | 15 | 0 | 0.0% | — | — | — |
| 2000 | 33 | 0 | 0.0% | — | — | — |
| 2001 | 37 | 0 | 0.0% | — | — | — |
| 2002 | 14 | 0 | 0.0% | — | — | — |
| 2003 | 4 | 0 | 0.0% | — | — | — |
| 2004 | 11 | 2 | 18.2% | — | — | — |
| 2005 | 20 | 1 | 5.0% | $2,200k | $2,200k | $2,200k |
| 2006 | 24 | 0 | 0.0% | — | — | — |
| 2007 | 30 | 0 | 0.0% | — | — | — |
| 2008 | 31 | 1 | 3.2% | — | — | — |
| 2009 | 11 | 0 | 0.0% | — | — | — |
| 2010 | 9 | 0 | 0.0% | — | — | — |
| 2011 | 14 | 0 | 0.0% | — | — | — |
| 2012 | 7 | 0 | 0.0% | — | — | — |
| 2013 | 15 | 0 | 0.0% | — | — | — |
| 2014 | 18 | 0 | 0.0% | — | — | — |
| 2015 | 14 | 0 | 0.0% | — | — | — |
| 2016 | 10 | 0 | 0.0% | — | — | — |
| 2017 | 7 | 0 | 0.0% | — | — | — |
| 2018 | 3 | 0 | 0.0% | — | — | — |
| 2019 | 6 | 0 | 0.0% | — | — | — |
| 2020 | 5 | 0 | 0.0% | — | — | — |
| 2021 | 5 | 0 | 0.0% | — | — | — |
| 2022 | 2 | 0 | 0.0% | — | — | — |
fyiEstimate values by model year and airframe time
| Model year | Units | Avg fyiEstimate |
|---|
Recent market activity last 60 days
| Date | Event | Aircraft | Price |
|---|---|---|---|
| 2026-10-18 | Off market | 2008 | Inquire |
| 2026-10-18 | Off market | 2008 C-GSJV | Inquire |
| 2026-10-18 | Off market | 2006 N133VS | Inquire |
| 2026-10-18 | Off market | 2005 N40XR | Inquire |
| 2026-10-18 | Off market | 2007 N1932 | $1,895k |
| 2026-10-11 | Off market | 2004 N141JM | Inquire |
| 2026-10-05 | Newly listed | 2005 N116PJ | $2,200k |
| 2026-09-20 | Newly listed | 2007 N1932 | $1,895k |
| 2026-09-13 | Newly listed | 2004 N141JM | Inquire |
| 2026-09-13 | Newly listed | 2004 N141JM | Inquire |
| 2026-09-11 | Newly listed | 2004 N141JM | Inquire |
| 2026-09-10 | Newly listed | 2004 | Inquire |
Sold aircraft.com sold records · last asking at sale
4sold records
—avg last asking
— – —range
| Month | Sold | Avg asking |
|---|---|---|
| 2026-08 | 4 | — |
| Date | Year | Reg | TTAF | Asking |
|---|---|---|---|---|
| 2026-08-16 | 2004 | 6,145 | — | |
| 2026-08-16 | 2007 | N930CC | — | — |
| 2026-08-16 | 2005 | 1,350 | — | |
| 2026-08-10 | 2007 | N137BR | 3,163 | — |
Operating costs full cost analysis →
$831,085annual budget · 243 hrs
$1,770variable cost / hour
$3.91cost per nm
fyiEstimate values are market estimates from comparable asking prices (which skew high versus sold prices), not certified appraisals. Fleet and ownership figures from the FAA Releasable Registry; "registry transfers" count new registration certificates issued. Sold records from aircraft.com reflect the last asking price, not the transaction price. Monthly history is reconstructed from when listings first and last appeared.
