Lear 40
Market Report

There are currently two Lear 40s for sale, down one aircraft from this time last year, a 33% decrease. That represents about 5.6% of the total fleet. This is historically tight. Average asking price is up approximately $405,000 over the last 12 months, a 20% increase. Pricing is moving in the right direction for sellers. Days on market have dropped 66% year over year to 109 days. Two aircraft traded over the last 12 months, working out to about an aircraft every six months. That brings the current absorption rate to 11.8 months based on two pre-owned transactions. The Lear 40 market is stable and well-supported. Inventory is tight, prices are up, and aircraft are moving faster than they were a year ago. For owners considering a sale, Q4 is a compelling window to target. Getting positioned now gives you the best opportunity to take advantage of current market conditions. 

Q1 2026

Q2 2026

Q3 2026

q4 2026

COMING SOON...

Q2 2026 MARKET SNAPSHOT

interested in Learning more about this market or discussing your aircraft's value?  Let's talk.

Or Contact Kitchel Gifford Directly at

Aircraft Market Video


Q1 2026

Q2 2026

Q3 2026

q4 2026

COMING SOON...

COMING SOON...

MARKET DATA IS COMING SOON...

Q3 2026 MARKET SNAPSHOT

interested in Learning more about this market or discussing your aircraft's value?  Let's talk.

Or Contact Kitchel Gifford Directly at

Aircraft Market Video


Q1 2026

Q2 2026

Q3 2026

q4 2026

COMING SOON...

COMING SOON...

MARKET DATA IS COMING SOON...

Q4 2026 MARKET SNAPSHOT

interested in Learning more about this market or discussing your aircraft's value?  Let's talk.

Or Contact Kitchel Gifford Directly at

Aircraft Market Video

Of the 36 Lier 40s in operation, only two are for sale, representing, ah, 5.6% of the total fleet.  There's only been one transaction in the last year. And with such a small sample size, it's hard to draw conclusions on the market conditions.  However, the lack of availability of an aging fleet, on average 20 years, indicates that the Lear 40 continues to hold relevancy in the market.

interested in Learning more about this market or discussing your aircraft's value?  Let's talk.

Q1 2026

Q2 2026

Q3 2026

q4 2026

Or Contact Kitchel Gifford Directly at

Q1 2026 MARKET SNAPSHOT

Aircraft Market Video

The Bombardier Learjet 40 serves as a sophisticated entry point into private jet ownership, successfully blending the legendary speed of its heritage with a cabin that prioritizes passenger comfort. Derived from its larger stablemates, this light jet offers a class-leading interior environment featuring increased height and width, complemented by advanced soundproofing and refined amenities. Its performance is anchored by efficient engines designed for high-altitude flight, allowing it to bypass commercial traffic and weather for a more direct and smooth journey. For buyers in the pre-owned market, the Learjet 40 represents an intelligent investment, providing a modern flight deck and robust reliability at a competitive acquisition cost. Supported by an extensive global maintenance network, it remains a high-value choice for those seeking a fast, capable, and economical aircraft for regional and medium-range missions.

LEARJET 40 model overview

$3,407 Per Hour  $7.83 Per NM

variable cost

Seats

runway

2 + 6

4,000 ft

range

speed

Max Cruise Altitude

years produced

Normal Cruise: 435 KTS

51,000 ft

2004 - 2007

max range: 1,700 nm

payload

Payload Full Fuel: 1,500 lbs

Aircraft metrics