# N5240M: 1988 Galaxy Balloons GALAXY 7, registration cancelled 2014-12-22

- Type: Cancelled registration (FAA registry, deregistered aircraft)
- Cancelled: December 22, 2014
- Status when cancelled: Registration expired, pending cancellation
- Airframe: [Galaxy Balloons GALAXY 7](https://openairdocs.org/model/galaxy-balloons-galaxy-7) (registry code 3760520)
- Engine: [NONE](https://openairdocs.org/engine/none) (registry code 00000)
- Data sheets: [TCDS A10NM](https://openairdocs.org/tcds/A10NM) (OpenAirDocs)
- Serial number: GLX-1507
- Year built: 1988
- Type of aircraft: Balloon
- Engine type: None
- Airworthiness: Standard
- Airworthiness date: November 8, 1988
- Certificate issued: January 30, 1989
- Last registry action: March 16, 2010
- Mode S code: A69A2E
- Owners when cancelled: [Gherlone Kevin M](https://openairdocs.org/faa-owner/GHERLONE%20KEVIN%20M), [Gherlone Kimberly W](https://openairdocs.org/faa-owner/GHERLONE%20KIMBERLY%20W)
- Location: [Libertyville, IL](https://openairdocs.org/faa-place/IL/Libertyville)
- Owner type: Co-owned
- Owner's area on the map: 42.2926° N, 87.9453° W: Placed by OpenAirDocs at the center of ZIP code 60048, within about 3 miles (OpenAirDocs). The owner's mailing address, not where the aircraft was based
- The mark today: https://openairdocs.org/aircraft/N5240M
- FAA registry: https://registry.faa.gov/AircraftInquiry/Search/NNumberResult?nNumberTxt=5240M
- Page: https://openairdocs.org/deregistered/N5240M-2014-12-22

From the FAA registry file of October 29, 2026, cancelled registrations. Owners' street addresses are left out. The Mode S code belongs to the N-number, not the airframe.

ADs and bulletins for the Galaxy Balloons GALAXY 7: https://openairdocs.org/model/galaxy-balloons-galaxy-7.md

## FAA accident and incident reports (1)

From the FAA Accident/Incident Data System. Reports are matched to registry aircraft by N-number and event date, checked against the reported make and model; the registry's history has gaps, so older matches can be wrong. Compare the reported make and model.

- [Incident 19921027051289I](https://openairdocs.org/incident/19921027051289I), Oct 27, 1992: Galaxy GALAXY7 (N5240M), Lake Barrington, IL. While practicing approaches to land between trees and lighted antenna tower. Made contact with tower on climbout.

---
OpenAirDocs.org is an independent research project of [Contrail Labs](https://contraillabs.com/). It is not affiliated with the FAA or the NTSB. Source documents are U.S. government works in the public domain.