N502AB

This article covers the specific airframe bearing tail number N502AB, a 2007 build of the Bombardier Learjet 60 with manufacturer serial 60-318. The airframe is registered in the United States and is owned by LJ60-318 LLC, an LLC based in Memphis, TN, US, which is the documented operator/owner on the current registration. The aircraft's recorded market valuation stands at $3,970,000, and its condition and configuration are consistent with executive transport use; registration and ownership are held by an LLC rather than a commercial operator, reflecting typical owner-operated business jet stewardship.

The cabin of N502AB is fitted in a typical executive configuration accommodating 6–8 passengers in a forward galley, with an enclosed lavatory; final interior layout can vary by operator. Avionics and specific mission equipment are operator-dependent and not published in the supplied data; as configured for business transport, the airframe supports long-range point-to-point missions and high-speed transcontinental hops that exploit its long-range and high-cruise capability. Based in Memphis, TN under ownership of LJ60-318 LLC, the aircraft is suitable for corporate shuttle duties, owner-pilot operations, and ad-hoc charter under the owning entity where permitted. Routine maintenance considerations align with mid-size business jets powered by PW305A engines, including time- and cycle-based inspections and common component life-limited parts.

The Bombardier Learjet 60 occupies the mid-size, high-speed turbofan business jet niche, offering fast cruise, high single-point ceiling, and modest transcontinental range when compared with larger heavy jets. Typical competitors include other light-to-midsize twin business jets offering similar mission profiles and operating economics. Buyer and charter demand for airframes like N502AB is influenced by age, avionics fit, interior condition, and engine program status; the listed valuation of $3,970,000 reflects those factors for a 2007 airframe. Maintenance and resale considerations commonly focus on engine maintenance plans for the PW305A and interior refresh cycles to maintain charter or owner-operator appeal.