N554E is a 2002 Powrachute PEGASUS (powered parachute) with serial number A 053 PEG, registered in Lipan, TX. Its FAA registration is valid and runs until Mar 31, 2027; the renewal window opens on Sep 30, 2026. It is powered by a Rotax 582SER rated at 65 hp. Its airworthiness certificate is in the experimental class (light-sport, registered before jan 31, 2008), issued Nov 27, 2007. It is one of 112 PEGASUS aircraft in the FAA registry, 21 of them registered in Texas. About 81% of them were built after it. The NTSB accident database lists one record for this airframe since 2008, the latest on Aug 28, 2012.
Renewal is open. Send FAA form AC 8050-1B with the $5 fee before Mar 31, 2027.
Registration
- FAA status
- Valid registration
- Expires
- Mar 31, 2027
- Registrant type
- Individual
- Registered owner
- Individual owner, name not shown
- Location
- Lipan, TX
- Local FAA office (FSDO)
- North Texas FSDO (NTX FSDO) · (214) 277-8500
- Certificate issued
- Mar 25, 2014
- Last FAA action
- Jan 22, 2023
- Mode S code (hex)
- A70EAB
- Mode S code (octal)
- 51607253
- Official record
- registry.faa.gov
Aircraft
- Manufacturer
- POWRACHUTE
- Model
- PEGASUS
- Year manufactured
- 2002
- Serial number
- A 053 PEG
- Aircraft type
- Powered parachute
- Engine type
- 4 cycle
- Engine
- ROTAX 582SER (65 hp)
- Engines / seats
- 1 / 2
- Weight class
- Up to 12,499 lb
- Airworthiness
- Experimental since Nov 27, 2007
- Approved operations
- Light-sport, registered before Jan 31, 2008
Public airports near Lipan
| Airport | ID | Distance | Tower | Fuel |
|---|---|---|---|---|
| Horseshoe Bend Weatherford, TX | F78 | 11 mi | Non-towered | - |
| Granbury Regional Granbury, TX | KGDJ | 14 mi | Non-towered | 100LL, A+ |
| Mineral Wells Regional Mineral Wells, TX | KMWL | 18 mi | Non-towered | 100LL, A |
Straight-line distance from the registration city, from the FAA airport directory (NASR). The registry does not say where an aircraft is based.
NTSB accident and incident records
| Date | Place | Aircraft (as NTSB recorded it) | Damage | Highest injury | NTSB no. |
|---|---|---|---|---|---|
| Aug 28, 2012 | Luling, TX | Powrachute PEGASUS this airframe | Substantial | None | CEN12CA631 |
From the NTSB aviation accident database (events since 2008, data through Oct 28, 2026), matched by N-number. An N-number can move between aircraft, so each row is checked against the serial number on the current registration.