Gulfstream G500 and G600, Flattish September vs Jam Packed October for Used Jet Inventories

Gulfstream G500 and G600

Gulfstream has introduced an all-new family of business jets: the Gulfstream G500 and G600. The two new aircraft optimize speed, wide-cabin comfort and efficiency to offer customers best-in-class performance with advanced safety features.

The clean-sheet aircraft were introduced before a crowd of approximately 3,000 people. During the event, the first G500 taxied up under its own power, and General Dynamics chairman and CEO Phebe Novakovic revealed a nearly 70-foot/21-meter mockup of the G600.

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Flattish September versus jam packed October for Used Jet Inventories

JP Morgan’s recent business aviation market report showed a flattish September with both flat used jet inventories and a second consecutive decent month in average asking prices.

“Aircraft for sale were 8.0% of the fleet for in-production models and are now at the bottom of the 8.0-8.4% range for this year,” the report reads. Driving that decline were medium jets – “with the notable exception of Citation Sovereign, for which both pricing and inventory were weak” – opposed to heavy and light jets, both logging flat inventories. “Inventory movements were muted in the toddler fleet as well […] back to the mid 2008 level, though it is little changed YTD.”


Gulfstream introduces double G

Gulfstream has introduced two clean sheet business jets to the industry: the G500 and G600. The news follows hard on the heels of the introduction of the company’s extended-range flagship, the G650ER, announced at EBACE last spring.

During an official ceremony held yesterday and attended by approximately 3,000 people, the Savannah, GA-headquartered OEM unveiled its latest long-range products by having the first G500 taxi up on the stage to reveal a 70 ft-long mockup of the G600.

Tuesday’s announcement by Gulfstream of the new G500 and G600 bizjets included some sizable orders for the new airplanes.

Just after the rollout ceremony, Dallas-based Flexjet inked an order with Gulfstream for 50 Gulfstream aircraft, including options for G450, G500 and G650 aircraft, and a long-term service support agreement.

“We are thrilled to be starting a new relationship with Flexjet, and we are proud that they chose to be a launch customer for the all-new Gulfstream G500,” said Scott Neal, senior vice president, Worldwide Sales and Marketing, Gulfstream. “This agreement represents a significant milestone in the history of our two companies and ushers in a new era of fractional ownership for our G450, G500 and G650 aircraft. Gulfstream works hard to provide the world’s finest aviation experience, and this order is a testament to that commitment. For the first time, Flexjet will offer its customers our industry-leading aircraft. We are pleased that Flexjet will be able to provide the Gulfstream travel experience for its customers who desire its performance, comfort and safety.”

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Pratt & Whitney Canada (P&WC) will provide PurePower PW800 engines to power the new Gulfstream G500 and G600 business jets, which launched Tuesday at Gulfstream Aerospace Corp.’s Georgia headquarters.

PurePower PW800 Engines Will Power Gulfstreams New Business Jet Family

The 16,000-pound-thrust-class engine is optimized for high-flying, fast, long-range business jets and shares the same proven, rigorously tested core technology used in Pratt & Whitney’s award-winning PurePower family of geared turbofan commercial engines. The PurePower engines have been chosen for five other applications demonstrating the performance, flexibility and robustness of this technology.

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