- 13 Nov 2020
- Video Articles
The 18-passenger Gulfstream G550 ultra-long-range jet, a variant of the GV, offers increased trans-oceanic range (6,750nm), owing mostly to reductions in aerodynamic drag, and new BR710-C4-11 powerplants. A highly modern PlaneView cockpit and EVS modernize the cockpit, while a seventh passenger window on each side of the aircraft distinguishes it from the GV.
"As a broker who extensively engages in cross-border transactions, AvBuyer is a must go-to resource for information on the global marketplace for available aircraft. The metrics support that AvBuyer is the right choice for the international aircraft broker to sell one's plane."
Leading Edge Aviation Solutions
The Gulfstream G550 costs between $10.0m for a 2003 model and $39.0m for a 2020 model, according to Aircraft Bluebook’s spring 2021 data. These values represent averages for the model year. The sale price of a specific G550 could be above or below average for its model year, however, depending on a range of aircraft-specific factors, including how well the jet has been maintained, and how complete its logbooks are, whether it is enrolled on an aircraft maintenance program, and how close to the next overhaul or major inspection it is (among other things). Buyers and sellers set an ultimate sale price according to the specifics of the aircraft being purchased.
Two other major players in the Ultra-Long-Range jet market compete with the Gulfstream G550 (other than the previously-mentioned G600). These include the Bombardier Global 5500 and the Dassault Falcon 8X. The Global 6500 has a shorter range of approximately 6,000nm but can accommodate up to 16 passengers, while the Falcon 8X can reach out to 6,450nm and also has capacity for up to 16 passengers.
The G550 was the first of Gulfstream’s product line to offer the company’s PlaneView flight deck. Gulfstream also emphasises the aircraft’s speed of up to Mach 0.885, with the aircraft having established almost 60 speed records over the years. Ultimately, travellers aboard the G550 can cover long distances, quickly.
The Gulfstream G600 has a slightly shorter range of 6,600nm than the G550, but also accommodates a maximum of 19 passengers. However, the technology aboard the G600 is naturally newer, including Gulfstream Symmetry Flight Deck avionics, and two Pratt & Whitney PW800-series engines.
Gulfstream G550 Jet Overview
By Gerrard Cowan
When Gulfstreamannounced in June 2020 that it had sold the last commercially available G550 Large Jet, it marked the end of an era for an aircraft that had become one of the company’s flagship platforms over almost two decades.
The 19-passenger, ultra-long-range jet can travel out to 6,750nm non-stop, powered by a pair of Rolls-Royce BR710-C4-11 engines, and supported by reductions in aerodynamic drag.
An astounding total of 622 G550 platforms were produced over the years, according to JETNET data, and, given its globetrotting capabilities, the model is popular on all continents around the world.
What features does the Gulfstream G550 offer?
With 14 Gulfstream signature oval windows and sleeping capacity for up to eight passengers, the Gulfstream G550 is designed to offer the highest levels of comfort within an ultra-quiet environment.
The aircraft can hold a maximum of 19 passengers in up to four living areas. It also functions extremely effectively as a workspace, offering the high-speed Jet ConneX inflight Wi-Fi solution from Inmarsat.
What came before and after the Gulfstream G550?
The Gulfstream G550 was developed concurrently with the G450. It is a variant of the older Gulfstream GV, which entered the market in the late 1990s and was one of the first jets to establish the Ultra-Long-Range business jet segment.
Announced in 2014, however, the G600 became Gulfstream’s new focus for the same niche in the market, replacing the G550 (similarly, the new G500 was designed to replace the G450 at the lower-range end of the market). In late 2019, meanwhile, Gulfstream revealed the G700, an aircraft with a range of up to 7,500nm.
With over 25 years of trading, AvBuyer is the primary marketplace for private jets, offering the best new and pre-owned jets for sale. You can read the latest edition of AvBuyer magazine online or visit our online actionable intelligence resources which offer insight, market data and analysis from AvBuyer’s editors and leading Biz Av industry experts.
More Information on Gulfstream G550: