N117LR

This airframe, bearing registration N117LR, is a 1982-built Gates Learjet 55 with serial number 55-075. The airframe is recorded as owned by TVPX AIRCRAFT SOLUTIONS INC TRUSTEE, a corporate trustee based in North Salt Lake, UT, US, and is registered in the US civil registry. Notable registry actions include its continued operation under corporate trustee ownership rather than a private individual, and the airframe carries an assessed market valuation of $850,000, reflecting its age and typical mid-life refurbishment status.

The cabin of N117LR is typically fitted in a six–eight place executive club layout with a forward galley and an aft enclosed lavatory, though specific interior fit varies by refit and may be altered during maintenance cycles. Avionics suites reported for this airframe type commonly include Collins FIS/ProLine retrofits, and this example is noted as operating with typical retrofit suites reported for the model. Operationally the Learjet 55 platform is used on short- to mid-range business and charter sectors; with a published range of 2,244 nm and cruise near 419 kts, missions for this airframe would normally include cross-country executive transport and light cargo/passenger transfers from its owner-operator base in North Salt Lake, UT. Maintenance considerations for this specific aircraft reflect standard older Learjet economics: potential interior refit variance and avionics upgrades affect operational availability and residual value.

The Gates Learjet 55 occupies a niche as a light-to-midsize business jet emphasizing speed and altitude capability, exemplified by its 51,000 ft ceiling and TFE731-powered performance. Competing models in its era and secondary market include other late-model light bizjets offering similar range and cabin capacity; buyers often weigh refurbishment costs—cabin reconfiguration, avionics retrofits such as Collins FIS/ProLine—and engine maintenance. The reported valuation of $850,000 situates N117LR in the used market category where demand is driven by operators seeking higher-speed cross-country capability at lower acquisition cost but accepting ongoing maintenance and refurbishment needs.