1992 Learjet 31
Light Jet
Aircraft Details
Seller reportedAvionics & Equipment
Flight Management System: (1) Universal UNS-1Ew WAAS/LPVVHF Communication: (2) Wulfsberg VC-410BVHF Navigation: (2) Wulfsberg VN-411BDistance Measuring Equipment: (2) Bendix/King DM-441BAutomatic Direction Finder: (1) Bendix/King DF-431BAircraft Collision Avoidance System: (1) Honeywell TPA-81A Change 7Weather Radar: (1) Bendix/King RS-841ARadio Altimeter: (1) Bendix/King KRA-405Transponders: (2) ACSS NXT-700 (ADS-B Out)Attitude Heading Reference System: (2) Bendix/King KAU-461Air Data Computer: (2) Bendix/King KDC-481TTerrain Awareness Warning System: (2) Bendix/King KGP-860Cockpit Voice Recorder: (1) Universal CVR-30Emergency Locator Transmitter: (1) Artex ELT-1000 (406 MHz)
Description
Tel: 703-312-1000Fort Lauderdale, FL 33304All Specifications Subject to Verification Upon Inspection Availability Subject to Prior Lease, Sale, or Withdrawal From Market Without Notice Airframe Landings: 7,841 Engines Engine Program: MSP GOLD Loc. Make Model Serial# TSN CSN L Honeywell TFE731-2C-3B P-99224C 7223 7289 R P-99225C 7273 7166 (-2C Engine Upgrades)
Engine
Honeywell TFE731-2C-3B
Interior
Eight (8) place interior with belted forward side-facing lavatory, forward four (4) place club, and aft three (3) place divan. Seats upholstered in Cream leather. Beige carpet with Medium Brown wood Veneer. In great condition.
Exterior
Painted by West Star Aviation (Grand Junction, CO) March 2015. Overall Snow White with Black Velvet Metallic and Diamond Silver Metallic striping. In like-new condition.
Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.
Price Comparison 1 active offer
| Source | Price | Location | Listed | Days on Market | Status | Action |
|---|---|---|---|---|---|---|
|
Flight Management System
globalplanesearch.com
|
$925,000
|
CA | Mar 17, 2026 | — | Active |
Estimate Monthly Payment
Learjet 31 loan calculator
AeroGurus Data & Analysis
Independent data from FAA, NTSB, and market analysis
About This Learjet 31
This 1992 Learjet 31 (N702GW) is a 8-seat light jet with 7,787 hours on the airframe. There are currently 26 31 aircraft listed for sale with asking prices ranging from $499,000 to $1,290,000. This aircraft is priced above the market average at $925,000.
The 31 cruises at 445 kts (824 km/h) with a range of 1,488 nm (2,756 km) — suitable for regional and medium-distance travel. Service ceiling of 51,000 ft allows operation above most weather.
Operating costs: Fuel burn is 145 GPH (549 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $798/hr in fuel alone. Total variable cost including maintenance reserves is approximately $2,200/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $300,000. With 7,787 hours on the airframe, this aircraft has exceeded TBO (4,000 hrs) — verify engine status and overhaul reserve.
FAA registration status: Valid. NTSB records show 0 incidents for this airframe — a clean safety record. There are 10 airworthiness directives applicable to this aircraft type — review AD compliance carefully before purchase.
Pre-Purchase Checklist
Learjet 31 — Model Specs
Model specificationStandard specs for this model. Actual aircraft may differ.
Estimated Cost of Ownership
AeroGurus estimateLEARJET 31
AeroGurus estimates based on industry averages for the LEARJET 31. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.
Ownership & Registration
Registered Owner
RHEEM AVIATION LLC
Registration Address
SOUTH GATE, CA
Certificate Issued
2024-07-23
FAA Status
Valid
Source: FAA Aircraft Registry, updated Mar 15, 2026
Location & Ownership
Title Status
No FAA title records
Available for US-registered aircraft only
Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.
Safety Record
NTSB database checked for N702GW.
Airworthiness Directives — Learjet 31
ADs are mandatory safety instructions issued by the FAA. 10 recent ADs found for this aircraft type.
Honeywell International Inc. TFE731-2C, -3B, -3BR, -3C, -3CR, -3D, -3DR, -4R, -5AR, -5BR, -5R, -20R, -20AR, -20BR, -40, -40AR, -40R, and -60 Series Turbofan Engines
View full AD →Learjet Model 31, 31A, 35, 35A (C-21A), 36, 36A, 55, 55B, and 55C Airplanes, and Model 45 Airplanes
View full AD →Learjet Model 23, 24, 24A, 24B, 24B-A, 24C, 24D, 24D-A, 24E, 24F, 24F-A, 25, 25A, 25B, 25C, 25D, 25F, 28, 29, 31, 31A, 35, 35A (C-21A), 36, 36A, 55, 55B, and 55C Airplanes
View full AD →Learjet Model 23, 24, 24A, 24B, 24B-A, 24D, 24D-A, 24E, 24F, 25, 25A, 25B, 25C, 25D, and 25F Airplanes Modified by Supplemental Type Certificate SA1731SW, SA1669SW, or SA1670SW
View full AD →Learjet Model 23, 24, 24A, 24B, 24B-A, 24C, 24D, 24D-A, 24E, 24F, 24F-A, 25, 25A, 25B, 25C, 25D, 25F, 28, 29, 31, 31A, 35, 35A (C-21A), and 36 Airplanes
View full AD →Honeywell International Inc. (Formerly AlliedSignal Inc. and Garrett Turbine Engine Co.) TFE731-2 and -3 Series Turbofan Engines
View full AD →Honeywell International Inc. TFE731-2 and -3 Series Turbofan Engines
View full AD →Honeywell International Inc. TFE731-2, -3, and -4 Series Turbofan Engines
View full AD →Source: FAA Airworthiness Directives database. Showing most recent ADs for this aircraft type.
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