N501JG

The airframe, registered as N501JG, is a 1996-built Cessna 560 Citation Ultra (Citation V Ultra) with serial number 560-0344. It is recorded as owned by Challenger Aircraft Charters LLC of Newport Beach, CA, US, operating as a charter asset under a United States registration. The airframe’s lifecycle reflects a typical light-medium business jet usage profile for a charter operator; ownership under an LLC based in Newport Beach is the primary notable registry/ownership entry. The type’s valuation for this specific airframe is listed at $2,200,000, reflecting market condition, age, and equipment baseline.

This airframe is typically outfitted in an executive configuration featuring a forward two-place divan, mid-cabin club seating and an aft belted lavatory; when used for charter the common fit is 7–8 executive seats, matching typical mission flexibility for owner/operator operations. Avionics are commonly the Honeywell Primus 1000 suite though retrofits can vary, so actual fit may differ from factory baseline. With a cruise of 430 knots and a range of 1,710 nm the aircraft is well-suited to short-to-medium-haul charter missions, regional business flights and intercity hops from its Newport Beach base. Maintenance considerations follow standard Pratt & Whitney JT15D-5 series engine and Citation V Ultra airframe schedules; operating for a charter company implies a regimen of cyclical inspections and part-life tracking aligned with commercial use.

The Cessna 560 Citation Ultra (Citation V Ultra) occupies the light-medium business jet niche, offering higher cruise speeds and altitudes—up to 45,000 ft—than many earlier light jets. Competing types in its era and market include late-model light-medium twins where operators trade acquisition cost versus performance and cabin flexibility. For buyers and charter operators, factors influencing demand and resale include age (this airframe: 1996), engine maintenance history for JT15D-5 powerplants, avionics retrofit level such as Honeywell Primus 1000 installations, and the aircraft’s charter-configured cabin that supports 7–8 passengers.