Light jet
Learjet 40
A rough value guide across the registered fleet: $2.5M to $5.5M by build year, 2002 to 2012, the middle of each year's range. Configuration, condition and logbooks determine an individual aircraft's value.

- Top speed
- Mach 0.81
- Ceiling
- 51,000 ft
- Cabin
- 4 ft 11 in high, 5 ft 1 in wide
74 on the US register, built 2002 to 2012. Figures as of October 2026. Class: Light jets.
Price and value
Learjet 40 price: $2.5M to $5.5M by build year
- What it costs to fly and own (per hour, per year): Learjet 40 operating costs
Interior
Inside the Learjet 40


Specs
As published
- Category
- Light jet
- Maximum operating Mach
- Mach 0.81
- Ceiling
- 51,000 ft
- Engines
- 2 × Honeywell TFE731-20 series
- Thrust
- 3,500 lbf each
- Standard avionics
- Honeywell Primus 1000
- Cabin height
- 4 ft 11 in
- Cabin width
- 5 ft 1 in
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Tail numbers
74 Learjet 40s on the US register
| Registration | Built | Serial | Model | Registered owner |
|---|---|---|---|---|
| N140HM | 2008 | 2103 | Learjet 40 | Harbert Aviation 40 LLC |
| N137BR | 2007 | 45-2068 | Learjet 40 | Cimarron Aviation LLC |
| N133VS | 2006 | 2060 | Learjet 40 | VRS Holdings LLC |
| N141JM | 2004 | 2010 | Learjet 40 | TVPX Aircraft Solutions Inc Trustee |
| N115LJ | 2115 | Learjet 40 | Umb Bank NA Trustee | |
| N341AE | 2012 | 2132 | Learjet 40 | Conquest Express LLC |
| N256AH | 2011 | 2123 | Learjet 40 | Apple Six Hospitality Air LLC |
| N345GC | 2011 | 2121 | Learjet 40 | TVPX Aircraft Solutions Inc Trustee |
| N998NJ | 2011 | 2130 | Learjet 40 | Northern Jet Management Inc |
| N209MD | 2010 | 2127 | Learjet 40 | Ra Aviation Holdings LLC |
| N802AK | 2010 | 2128 | Learjet 40 | Ra Aviation Holdings LLC |
| N44LG | 2009 | 2125 | Learjet 40 | Harborjet LLC |
| N46MW | 2009 | 2126 | Learjet 40 | Creamer Pilot Services LLC |
| N57MC | 2009 | 2118 | Learjet 40 | Massman Construction Co |
| N382BA | 2009 | 2119 | Learjet 40 | N435SC LLC |
| N403LS | 2009 | 2124 | Learjet 40 | Ra Aviation Holdings LLC |
| N990WA | 2009 | 2122 | Learjet 40 | Ra Aviation Holdings LLC |
| N40PD | 2008 | 2111 | Learjet 40 | Lear Flight LLC |
| N97EJ | 2008 | 2095 | Learjet 40 | Air Echo LLC |
| N480ES | 2008 | 2097 | Learjet 40 | Eagle Rock Air Inc |
| N654DP | 2008 | 2092 | Learjet 40 | Six Five Aviation LLC |
| N672SC | 2008 | 2099 | Learjet 40 | Glacier Flying Service LLC |
| N700MB | 2008 | 2106 | Learjet 40 | Bennett Aviation LLC |
| N770TD | 2008 | 2101 | Learjet 40 | Tango Delta LLC |
| N945EJ | 2008 | 2108 | Learjet 40 | TVPX Aircraft Solutions Inc Trustee |
| N29RE | 2007 | 2069 | Learjet 40 | Home State Insurance Group Inc |
| N41UA | 2007 | 45-2074 | Learjet 40 | Razorback Foundation Inc |
| N82JK | 2007 | 2072 | Learjet 40 | Plane Crazy LLC |
| N90XR | 2007 | 2090 | Learjet 40 | International Aviation Technical Services Inc |
| N301RJ | 2007 | 2071 | Learjet 40 | 301RJ LLC |
| N618PJ | 2007 | 2076 | Learjet 40 | Forty ER LLC |
| N711BH | 2007 | 2070 | Learjet 40 | 711 Holdings LLC |
| N799WW | 2007 | 2085 | Learjet 40 | Varsity Equipment LLC |
| N930CC | 2007 | 2078 | Learjet 40 | 4 Eagles LLC |
| N975DM | 2007 | 2073 | Learjet 40 | San LLC |
| N1932 | 2007 | 2082 | Learjet 40 | A H Beck Foundation Co Inc |
| N21NB | 2006 | 2045 | Learjet 40 | Northbound Air LLC |
| N40GP | 2006 | 45-2061 | Learjet 40 | Bank of Utah Trustee |
| N219RB | 2006 | 2058 | Learjet 40 | Pauli-Mar Investment Co |
| N239SR | 2006 | 2049 | Learjet 40 | Apple Realty Group Inc |
Airworthiness directives
33 FAA ADs name the Learjet 40
- AD 2023-01-05 This AD was prompted by a determination that new or more restrictive airworthiness limitations are necessary.
- AD 2021-23-11 This AD was prompted by a report of a fuel leak due to a cracked fuel line between the engine fuel control and the engine fuel flow meter.
- AD 2021-23-08 This AD was prompted by reports of corrosion found on the upper surface of the lower center wing mid spar splice plate.
- AD 2015-12-06 This AD was prompted by reports of non-conforming windshield supports (coupe rails).
FAQ
Learjet 40 questions
How much does a Learjet 40 cost?
Radar's rough range is about $3.7M to $8.2M for a 2012 and $1.7M to $3.8M for a 2002. From Radar's listing-based estimates for business jets of similar engine thrust and age. These are rough ranges, not appraisals: hours, engines, damage history, equipment and the logbooks move the price of any one aircraft.
What affects the price of a Learjet 40?
What moves the price of any one Learjet 40: total time and engine time, engine program enrollment, damage history, avionics and equipment, and complete logbooks. Build year sets the baseline shown on this page; a Learjet 40 with high hours, an engine near overhaul or gaps in its records sells below it, and one with low time, recent inspections and full records above it.
Where can I find a Learjet 40 for sale?
Radar does not list aircraft for sale. It tracks all 74 US-registered Learjet 40s by tail number, each with its registration record and a value estimate, so you can check a listing against the value of its build year and look up the aircraft's own history before you call.
How many Learjet 40s are there?
74 Learjet 40s are on the US civil aircraft register (FAA file of October 2026), built 2002 to 2012. Aircraft registered in other countries are not counted. Radar has a page for each US registration.
What are the Learjet 40's specs?
As published: a maximum operating Mach of 0.81, a ceiling of 51,000 ft, a cabin 4 ft 11 in high, 5 ft 1 in wide and 2 × Honeywell TFE731-20 series engines. A given aircraft varies with its completion, weight and modifications.
How fast is the Learjet 40?
Its maximum operating Mach number (the speed limit it is certified to) is 0.81. Cruise speeds depend on altitude and weight.
How high can a Learjet 40 fly?
The Learjet 40 is certified to 51,000 feet. Heavy aircraft climb there in steps as they burn fuel.
How big is the Learjet 40 cabin?
4 ft 11 in high and 5 ft 1 in wide, as published.
Who owns Learjet 40s?
Of the 74 US-registered Learjet 40s, 71 (96%) are registered to companies, trusts and other entities and 3 to individuals. Radar names entity owners only; individuals are shown as privately registered. The most common states of registration are TX (11), UT (10), DE (8).
Data: Radar, FAA aircraft registry file of 2026-10-09.
Records & AD tracking by Radar
Own, buy or finance a Learjet 40? Radar reads every logbook, tracks every airworthiness directive and shows what the records do to value.
The fleet, registry and value data on these pages come from Radar, CRAFT's sister company.

