N118K

The airframe bearing tail number N118K is a 1984-built Cessna 501 Citation I/SP, serial 501-0686, manufactured by Cessna Aircraft Company (Textron Aviation). The airframe is registered in the US and is owned by PROVIDENCE EQUIPMENT HOLDINGS LLC, located in Newark, DE, US; the current recorded ownership places the company as the operator/registrant. Listed under corporate ownership in Newark, Delaware, the airframe is described in public records with an estimated market value of $600,000. No specific notable regulatory enforcement or major registry transfers are published beyond its corporate ownership and valuation at the time of record.

The subject aircraft is the single-pilot certified I/SP variant and is typically outfitted in a conventional executive configuration described for the model as a 5–8 passenger layout; the specific interior fit for N118K is not publicly listed. Typical mission profiles for this airframe include short- to mid-range corporate transport, light charter, and owner-operator executive travel consistent with an eight-seat cabin and the aircraft’s 1,328 nm range and 357-knot cruise. Given its 1984 manufacture date and JT15D powerplants, continued operation emphasizes routine engine and airframe lifecycle maintenance, with attention to obsolete avionics upgrades or STC installations as part of maintaining dispatch reliability. The aircraft’s corporate registration in Newark, Delaware suggests operation from regional executive fields and point-to-point missions rather than scheduled airline use.

The Cessna 501 Citation I/SP occupies a light business jet niche offering single-pilot capability, modest operating costs, and transcontinental-but-short-range flexibility compared with newer light jets. Competitors historically include other light jets powered by similar small turbofans; buyer interest in used examples centers on acquisition cost, refurbishment scope, and maintenance status. Resale and upkeep considerations for this airframe hinge on the condition of its Pratt & Whitney Canada JT15D engines, avionics modernization, and the airframe’s logged cycles given its 1984 build year, all factors reflected in its approximately $600,000 valuation.