N40EP

The airframe bearing tail number N40EP is a 1989-built Cessna 551 Citation II/SP (serial 551-0617) manufactured by Cessna (Textron Aviation). This specific airframe is owned by Intrepid Air LLC, a corporation based in Las Vegas, NV, US, and is registered in the US civil registry. The airframe’s recorded value is $1,000,000, and its identity is tied to the single serial number and registration data cited. Registered in the United States and held by a Las Vegas–based corporate owner, the aircraft’s public record centers on its certificate and ownership listing rather than multiple operator changes.

This individual Citation II/SP is outfitted in the seven-seat configuration typical of late-1980s light business jets, supporting short- to medium-haul point-to-point executive transport. Cabin layout for this model commonly includes club seating and a belted lavatory option; for this airframe the seven-seat complement indicates a business-oriented interior density rather than high-density commuter fit. Avionics fitment is not specified in the provided data; typical mission profiles for the type and this configuration include transcontinental and regional hops within the aircraft’s roughly 2,000 nm range and operations into city-pair schedules from a base in Las Vegas. Maintenance considerations for this serial include support for the JT15D-4 engines and aging airframe maintenance programs consistent with late-1980s production jets.

The Cessna 551 Citation II/SP occupies the light-cabin, high-performance niche among late-model Citations, offering a cruise near 384 kts and a service ceiling up to 43,000 ft, balancing speed and operating economics. Competitors in the era included light-to-midsize business jets that prioritized short runway performance and efficient twin-engine operation. Resale and maintenance considerations for this airframe hinge on engine life, avionics modernization, and airframe corrosion/structural inspection history; the listed valuation of $1,000,000 reflects market factors for a 1989 airframe with this equipment class and ownership status.