N311VP

The airframe registered as N311VP is a 1999-built Cessna 501 Citation I/SP, constructor serial 501-0311. Currently owned by BLUEGRASS VENTURE HOLDINGS LLC, an LLC based in Louisville, KY, the airframe appears in US civil registry records under domestic ownership and operation. The aircraft's listed market condition reflects typical refurbishments and avionics upgrades on similar airframes, and an indicated market valuation for this specific example is $424,000. Notable registry actions reported in listings include avionics refurbishments and interior reconfigurations rather than major structural change.

The cabin in listings for this airframe is described as an executive interior, typically a six-place club layout with a forward divan and aft belted lav seating reported on listings; this configuration supports up to 8 as a certified seating capacity. Avionics fit varies across airframes of this serial range; refurbished examples of this aircraft commonly show a varied Collins/Sperry suite, with some installations including GTN-650 navigators and Sperry SPZ-500 IFCS/autopilot options, and many airframes carry aftermarket avionics upgrades. Operationally the Cessna 501 Citation I/SP is used on short to mid-range business missions—point-to-point corporate hops and regional charters—taking advantage of its 1,328 nm range and 357 kt cruise to serve multi-city schedules from its Louisville, KY base. Maintenance considerations often focus on life-limited engine and auxiliary systems overhauls and avionics modernization to maintain competitive mission capability.

The Cessna 501 Citation I/SP occupies a light twinjet niche offering relatively high cruise speeds and a 41,000 ft ceiling compared with turboprops and older light jets. Competing models include other late-1990s light business jets and early fan-jet Citations; demand is typically driven by owner-operators and small charter companies seeking economical short-to-mid-range jets. Resale and maintenance considerations for this airframe family emphasize the condition of JT15D series engines, corrosion inspection histories, and the extent of avionics upgrades—factors that heavily influence valuation in the low-mid six-figure range as reflected by the $424,000 estimate for this example.