N554GR

The airframe bearing tail number N554GR is a 1981-built Cessna 550 Citation II (serial 5500292) manufactured by Cessna (Textron Aviation). The aircraft is registered in the United States and is recorded as owned by TVPX ARS INC TRUSTEE, a corporate owner located in North Salt Lake, UT, US, indicating a non-individual ownership arrangement and likely operation or storage tied to that locale. No public record of multiple ownership transfers or other registry actions is provided in the supplied data; the airframe is represented with a market valuation of $1,100,000, reflecting its vintage and configuration. The aircraft is cataloged as a fixed-wing multi-engine category asset.

The cabin of this specific airframe is configured as a 7‑passenger executive arrangement consisting of a mid‑cabin 6‑place club plus 1 single forward seat, and it includes a belted flushing aft lavatory, supporting typical short-to-medium corporate missions and executive transport. Avionics are listed as an Avidyne EX5000 multifunction display with dual Garmin GTN‑750 nav/comm units, with a broker-upgrade fit reported, indicating a partial or optional modernization of the panel that may affect dispatch flexibility and resale appeal. Given the owner’s corporate trustee status and the aircraft’s eight-seat executive layout, typical operations would include point-to-point corporate hops within the continental U.S., regional charters, or owner/operator repositioning flights consistent with the aircraft’s 1,600 nm range and 307 kt cruise speed. Maintenance considerations typical for a 1981 Citation II apply, with systems and engine support focused on the JT15D-4 turbofans.

The Cessna 550 Citation II occupies a mid-size light business jet niche offering transcontinental-short regional capability for up to eight occupants, with a high‑altitude capability to 43,000 ft. Competitors in its era and resale segment include similarly aged light-to-mid cabin jets where buyer demand is driven by acquisition price, avionics modernization, and engine maintenance status. The reported avionics fit and the aircraft’s valuation at $1,100,000 suggest typical market considerations: buyers prioritize updated avionics, current maintenance logs, and JT15D engine condition when assessing operational readiness and resale prospects.