N245K

The airframe bearing registration N245K is a Learjet 45XR built in 2005, serial number 269. It is operated under a co-ownership arrangement by Patterson Aviation LLC, with operator/home base listed in Midland, TX, US. The aircraft’s registry reflects civil US registration and the airframe is assigned to light business operations; valuation records list a market estimate of $2,595,000, indicative of its mid-life condition in the market for mid-size business jets. The ownership arrangement and US-based operator suggest routine regional and interstate executive transport missions from its Midland base.

The cabin of this specific Learjet 45XR is configured as a two-section executive cabin with a forward four-place club and an aft four-place club plus a belted lavatory, and features a forward right-hand galley, supporting executive comfort on short to mid-range trips. Avionics are fitted with a Honeywell Primus 1000 (DU-870 displays, WAAS-capable FMS) suite, providing GPS/WAAS navigation and integrated displays suitable for IFR regional operations. Typical mission profiles for this airframe include corporate travel and on-demand charter within a roughly 1,600–1,700 nm radius at cruise speeds near 445 kts, operating from its Midland base to regional business centers. Maintenance considerations for this airframe center on the TFE731-20AR turbofans and avionics updates consistent with WAAS-capable FMS hardware; the co-ownership structure may influence scheduling and utilization patterns.

The Learjet 45XR occupies a performance niche as a light to mid-size business jet offering transcontinental regional capability, relatively high cruise speeds, and a 51,000 ft service ceiling. Competing models in the class typically include other light-to-midsize business jets offering similar range and cabin layouts; demand is driven by buyers and charter operators seeking high-speed regional mobility. Resale and maintenance considerations for this 2005 airframe include engine life cycles for the Honeywell TFE731-20AR units and avionics relevance, with the listed $2,595,000 valuation reflecting age, configuration, and co-ownership operational history.