Gulfstream G550 For Sale
The Gulfstream G550 is a business jet aircraft produced by General Dynamics’ Gulfstream Aerospace unit in Savannah, Georgia, US. The certification designation is GV-SP. There were 450 Gulfstream G550s in active service as of January 2016.A version with reduced fuel capacity was marketed as the G500.
The G550 (GV-SP) with improved engines received its FAA type certificate on August 14, 2003.
Compared to the Gulfstream V, drag reduction details boost range by 250 nmi (460 km) and increase fuel efficiency. MTOW is increased by 500 lb and Takeoff performance is enhanced. A seventh pair of windows is added and the entry door is moved 2 ft. forward to increase usable cabin length. The PlaneView flight deck features cursor control devices, Honeywell Primus Epic avionics, standard head-up guidance system by Rockwell Collins and enhanced vision system by Elbit, improving situational awareness in reduced visibility conditions.
Initial long-range cruise altitude is FL 400-410, first hour fuel burn is 4,500-5,000 lb decreasing to 3,000 lb for the second hour and 2,400 lb for the last hour. Flight hourly budget is $700-950 for engine reserves, $250 for parts and 2.5 maintenance hours. It competes against the Bombardier Global 6000, which has higher direct operating costs and less range but a more spacious cross section, and the Dassault Falcon 7X with fly-by-wire flight controls, better fuel efficiency and a wider but shorter cabin.
The 500th Gulfstream G550 aircraft has been delivered in May 2015. As it is replaced by the $54.5 million Gulfstream G600 with a lower 6200 nmi range but with a better cabin and cockpit, faster long range cruise and lower fuel burn, it could leave production in 2019. Deliveries went from 50 aircraft in 2011 to 19 in 2016 and with 40 units for sale in a fleet of 540, its valuation are falling : a 10-year-old G550 valued $28 million a year before is worth $18-$20 million in January 2017, while a two-year-old went from $40 to $35 million.In May 2017, early 2003 G550s are valued $14 million against more than $45 million new, flying an average of 425 h per year.