Restoration plans underway for Learjet 23 after foundation’s $90,000 purchase

The Classic Lear Jet Foundation has purchased a Learjet 23 in order to restore it to a flyable condition.

With a negotiated price of USD$90,000, the non-profit organisation says the acquisition of the aircraft is a “major goal”. The aircraft was last flown 25 years ago.

Bill Kinkaid, president of the foundation, said: “The financial acquisition of the aircraft completes a major goal of the Classic Lear Jet Foundation’s mission to restore and operate the world’s first purpose-built business jet as part of a living flight history program.

“This milestone comes less than one year after the creation of the foundation in August 2022.”

In June, the organisation was close to $50,000 short when it invited  Learjet owner and aviator Clay Lacy and Lynn Krogh, founder and CEO of International Jet Services, to Wichita to view 23-003 in the Bombardier Learjet delivery hangar where it is being stored prior to restoration.

In mid-July, Lacy and Krogh, along with Bill Lear’s daughter-in-law, inspected the airplane and received a presentation on the foundation’s plans for it. The pair became the primary acquisition sponsors, making up for the shortfall in purchase funds, Aviation International News reported.

The classic aircraft was first introduced in 1964 and is six to eight seat twinjet, highspeed business jet. Only 101 models were ever made.

Image credit: The Classic Lear Jet Foundation