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N40XR2005 LEARJET INC 45

N40XR is a 2005 Learjet Inc 45, serial 2028, registered to PALACE AVIATION INC TRUSTEE, a corporation in Wilmington, DE, US. The FAA issued the current certificate on 2 Jun 2022, and its status is Valid registration, expiring 30 Jun 2029. The record shows no registry changes, no NTSB case on this mark and no service difficulty reports.

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N40XR, 2005 LEARJET INC 45
$2,490,113
Valued 29 Aug 2026
Registration
N40XR
Aircraft
45
LEARJET INC
Serial Number
2028
2,850
Total Hours
As published on the sale listing
Locked
Total Cycles
2005
Year
Public record

The public record
for N40XR.

This section is public record, drawn from the FAA registry and the Virtual Hangar valuation sheet. Nothing here comes from the aircraft's own logbooks. Verification is what connects this record to the logbooks, the maintenance plan and the value factors only an owner holds, and anything an owner chooses to publish appears separately below.

Registration record

N40XR as the FAA holds it

FAA registry, effective 6 Oct 2026

Airframe

Manufacturer
LEARJET INC
Model
45
Serial number
2028
Year manufactured
2005
Airframe type
Fixed wing multi engine
Category
Land
Certification basis
Type certificated
Seats
12
Weight class
20,000 lb and over

Powerplant

Engines
2
Manufacturer
HONEYWELL
Model
TFE731-5BR-2C
Type
Turbo-fan
Thrust
4,750 lbf each

Airworthiness

Certificate issued
6 May 2005
Classification
Standard
Approved operations
Transport

Registration

Status
Valid registration
Record type
Currently registered
Certificate issued
2 Jun 2022
Last FAA action
11 Aug 2023
Expires
30 Jun 2029
FAA region
Eastern
Fractional ownership
No
FAA unique id
00161159

Registered owner

Name
PALACE AVIATION INC TRUSTEE
Registrant type
Corporation
Based
WILMINGTON, DE, US

Transponder address

Mode S (hex)
A4AC65
ICAO 24-bit
a4ac65
Octal
51126145
Decimal
10792037

Estimated value

$2,490,113

As of 29 Aug 2026. Virtual Hangar Jetstimate. Market value and charter on virtualhangar.com

Market presence

For sale

Call for price

Asking price, not a valuation.

Total time
2,849.8 hours
Listed as
Learjet 40XR
Located
Arlington, Virginia
Broker
NEXTJET INC
Days on market
71
First seen
28 Jul 2026
Marketplace
Controller.com
Live tracking

Where N40XR is,
right now.

Flight tracking read live from a public feed. In the air, the map shows the aircraft's position, heading and path flown. On the ground, it shows where the feed last reported it, rounded to about a kilometre.

CheckingN40XR

Looking for a position.

Straight answers

Questions about
N40XR.

Each answer is drawn from public record and the Virtual Hangar valuation sheet: the FAA registry, the NTSB database, service difficulty reports, Part 135 certificates and public sale listings. Nothing here comes from the owner's own published details above. Where the record is silent the question is not asked, so an absence here never stands in for a clean history.

What kind of aircraft is N40XR?

N40XR is a 2005 Learjet Inc 45, serial 2028. The FAA classes it as fixed wing multi engine, it seats 12, it is powered by 2 Honeywell TFE731-5BR-2C engines.

Who is N40XR registered to?

The FAA registry lists PALACE AVIATION INC TRUSTEE, a corporation in Wilmington, DE, US, as the registrant of N40XR.

Is N40XR still registered?

The FAA lists the registration as Valid registration. The current certificate was issued on 2 Jun 2022 and expires on 30 Jun 2029.

Has N40XR been in an NTSB-reported accident?

The NTSB database holds no accident or incident record naming N40XR. Marks are reused, so this covers the mark, not every airframe that ever wore it.

Does N40XR have service difficulty reports?

No service difficulty reports have been filed against N40XR.

Who operates N40XR for charter?

No Part 135 certificate lists N40XR, so it is not on file as a charter aircraft.

Is N40XR for sale?

Yes. N40XR is listed for sale by NEXTJET INC at an asking price of Call for price, 71 days on the market.

What is N40XR worth?

The Virtual Hangar Jetstimate puts N40XR at $2,490,113 as of 29 Aug 2026. A listing asking price, where one exists, is the seller's number and not this valuation.

Has N40XR changed hands?

The FAA record shows no registry changes for N40XR.

What verification adds

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