- 24 Aug 2023
- René Armas Maes
- BizAv Market Insight
One of the best-known names in Business Aviation, Gulfstream traces its origins to the 1950s and Grumman Aircraft Engineering Company. The General Dynamics-owned brand remains a key player in the market today, with six jets currently in production - the G700, G650, G650ER, G600, G500, and G280.
Gulfstream announced its range of next-generation aircraft in 2014.
The new Gulfstream G500 (not to be confused with the previous G500 model) was certified and delivered in 2018, and can fly 5,300nm at Mach 0.85 and 4,500nm at Mach 0.90.
We offer actionable intelligence and the latest insights into the Business Aviation marketplace from the world’s leading aviation experts and industry insiders every month.
AvBuyer brings us quick and easy access to a worldwide aviation community to market our inventory and current developments. Lise Margin and her team are great to work with and always there when we need them. We are thankful to be a part of this community.
"We receive the most inquiries and qualified leads from our advertising with AvBuyer. Your team is always a pleasure to work with!"
As a brand new member of this wonderful industry, I was amazed at AvBuyer’s customer service from moment 1. Outstanding patience with a newbie like myself, excellent follow-up on inquiries, and proactive sending of ad statistics so we can measure how well our ad performs. Our AvBuyer Sales executive, Lise Margin, has unparalleled accessibility and follow-up, which is so important in this fast-moving business.
"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."
This may have been the first time I have used AvBuyer, however, it will not be the last, I am absolutely impressed by the customer service, the speed in which they got the ad posted, the responses I received, and the customer support I received.
A new Gulfstream private jet costs between $22.5m for a 2022 model Gulfstream G280 and $72.5m for a 2023 model Gulfstream G800, according to Aircraft Bluebook’s Spring 2023 data. Depending on the age and condition, buyers can purchase a used Gulfstream business jet for less. For example, Aircraft Bluebook’s Spring 2023 data shows that a 2016-model Gulfstream G550 retails for approximately $31.5m, a 2000-model Gulfstream GV costs $11.5m, and a 1986-model Gulfstream GIV costs $4.1m. You can view the latest price data from Aircraft Bluebook on each Gulfstream model page.
In April 2023 there were 3,162 Gulfstream private jets flying worldwide, per JETNET. The Gulfstream G550 has the largest in-operation fleet, with 613 of 622 units still in operation. At the time of writing, there had been 391 Gulfstream private jet retirements. For the latest market data, visit each model page.
Gulfstream private jets offer maximum ranges between 2,748nm (for the Gulfstream GII) up to 7,685nm (for the Gulfstream G650ER), according to Conklin & de Decker, based on four passengers and available fuel aboard.
Several private jets compete with Gulfstream jet models, including Bombardier Challenger 300/350, Cessna Citation jets, Dassault Falcon jets and Embraer models in the Mid-Size Jet category. In the Large Jet sector, Bombardier Global and Dassault Falcon jets compete with Gulfstream models. For model-specific information, check out AvBuyer’s Jet Comparison articles.
Gulfstream Jets Overview
By Gerrard Cowan - Editor, Aircraft Reviews
The first Gulfstream G600 was delivered in 2019 and has a range of 6,600nm; it can accommodate up to 19 passengers. Both jets feature Gulfstream Symmetry Flight Deck avionics and are powered by two Pratt & Whitney 800-series engines.
The 19-passenger Gulfstream G650, meanwhile, is an all-new jet that flies 7,000nm at Mach 0.85 and 6,000nm at Mach 0.90, while the Gulfstream G650ER is a longer-range variant (7,500nm range at Mach 0.85 and 6,400nm at Mach 0.90).
Finally, in 2019 Gulfstream announced its latest and largest aircraft, the Gulfstream G700. This new, ultra-long-range aircraft will feature Rolls-Royce Pearl 700 engines, new Gulfstream winglets, and a large cabin with up to five living areas, while offering a range of 7,500nm. According to the manufacturer - “The G700™ delivers the most spacious, innovative and flexible cabin in the industry, plus all-new, high-thrust Rolls-Royce engines and the award-winning Symmetry Flight Deck™.”
The first aircraft in the line was a turboprop – the Grumman Gulfstream I – which could hold 12 passengers and travelled to a range of about 2,000nm. About a decade later the GI was followed by a new business jet model, the Rolls-Royce Spey-powered Gulfstream GII, which had capacity for up to 16 passengers and boosted range to 2,600nm.
In the 1980s, the GII was improved with the Gulfstream GIII, which included an increase of wingspan and fuselage, and the addition of new winglets. The aircraft had a range of just over 3,600nm and was again powered by two Rolls-Royce Spey engines.
Later in the same decade, the Gulfstream GIV was launched, a Large Jet seating up to 16. Cruise drag was reduced through wing modifications, helping take the range to 4,200nm.
An upgraded ‘Special Performance’ Gulfstream GIV-SP was then introduced that increased take-off and landing weights; brought structural improvements to landing gear, anti lock brakes, wheels and tires; and utilized Rolls-Royce Tay 611-8 engines with 15% less fuel burn than on the GIV. The GIV-SP also employed technologies from the larger Gulfstream GV, including a PlaneView cockpit with EVS.
Later renamed the Gulfstream G400, the GIV-SP/G400 was eventually upgraded as the Gulfstream G450 with new engines and FADEC. Meanwhile, the company also produced the Gulfstream G300 and Gulfstream G350 as shorter-range versions of the G400 and G450, respectively.
The Gulfstream GV entered the market in the 1995 as one of the first ultra-long-range business jets, boasting a 6,500nm maximum range. Capable of carrying up to 18 passengers, the GV features Rolls-Royce BR710-A1-10 powerplants, helping it travel quicker than any preceding Gulfstream model.
Next, the 18-passenger Gulfstream G550, a variant of the GV, offered increased trans-oceanic range (6,750nm), owing mostly to reductions in aerodynamic drag, and BR710-C4-11 powerplants. This was introduced in 2003 alongside a shorter-range Gulfstream G500 version.
Gulfstream Mid-Size Jets
General Dynamics acquired Gulfstream in the late 1990s, subsequently buying Galaxy Aerospace, who’s Astra SPX was renamed the Gulfstream G100 and its Galaxy aircraft became the Gulfstream G200 – both models being Mid-Size Jets. The G100 was eventually replaced by the Gulfstream G150 which has a bigger fuselage, upgraded avionics and higher MTOW.
Israel Aerospace Industries (IAI), previously co-owner of Galaxy, continues to manufacture aircraft for the Gulfstream brand, including the Gulfstream G280, a new 3,600nm long-range aircraft offering several improvements over the G200, including new Honeywell HTF7250G engines.
With over 25 years of trading, AvBuyer is the primary marketplace for private jets, offering the best new and pre-owned jets for sale, plus you can read AvBuyer magazine and our online actionable intelligence resources which offer insight, market data and analysis from AvBuyer’s editors and leading Biz Av industry experts.