May 23, 2018
The Learjet 40XR is an upgraded version of the Learjet 40 with improvements in hot-and-high performance, climb rates and faster long range cruise speeds resulting in a range of more than 240 nm. The increases are due to the upgraded Honeywell “BR” engines from the “AR” used on the Learjet 40.
As of February 2018, 70% of Learjet 40XR aircraft were purchased pre-owned by their current owners, the other 30% new. 10.8% are for sale with the majority of those (90%) under an exclusive broker agreement. When for sale, the average time on the market is 275 days.
Derived from the Lear 45, the Learjet 40 and 40XR are 24.5 inches shorter and have a maximum take-off weight that is 150 lbs. lighter. These two characteristics increase performance and lower operational costs. The Lear 40 aircraft received FAA certification in July 2003, as an amendment to the Type Certification of the Lear 45, and ended production in 2009. The Learjet 40XR went into operation in 2005 and ended production in 2012. A total of 93 Learjet 40XR aircraft have been manufactured with all of them currently in operation.
There are 93 Learjet 40XR aircraft in operation today. Most of these are wholly owned (89), with 2 in fractional ownership and 2 in shared ownership. 10.8% are currently leased. North America has the largest percentage of wholly owned Learjet 40XR aircraft (76%), followed by South America (18%).