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GENERAL |
Model |
GIV/SP |
G450 |
GV |
G550 |
VARIABLE COSTS (Hourly)
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Fuel Expense |
$2,222.11 |
$1,875.09 |
$2,596.38 |
$1,679.70 |
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Maint,Labor Expense |
$372.35 |
$59.90 |
$460.83 |
$70.47 |
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Parts Expense |
$825.71 |
$25.35 |
$379.89 |
$30.63 |
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Miscellaneous Trip Expense |
$402.11 |
$402.11 |
$445.59 |
$445.94 |
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Total Variable |
$3,282.27 |
$2,362.45 |
$3,882.69 |
$2,226.74 |
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FIXED COSTS (Annual) |
Hull Insurance |
$64,680 |
$76,681 |
$73,100 |
$80,912 |
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Liability Insurance |
$29,000 |
$29,000 |
$29,000 |
$29,000 |
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Hull Insurance per $100 |
$0.22 |
$0.22 |
$0.17 |
$0.17 |
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Liability Insurance Per $M |
$145 |
$145 |
$145 |
$145 |
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Maint. Software Programs |
$9,229 |
$9,229 |
$9,229 |
$9,229 |
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Miscellaneous services |
$11,916 |
$11,614 |
$16,996 |
$16,996 |
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PERIODIC COSTS |
Mid-life/Hot section Insection |
$409,615 |
$496,000 |
$544,425 |
$667,000 |
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Engine Overhaul |
$850,340 |
$1,383,000 |
$777,750 |
$997,000 |
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Overhaul Interval |
8,000t |
12,000t or 0C |
0C |
7,000t or 0C |
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Paint |
$153,300 |
$127,100 |
$183,300 |
$183,300 |
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Interior Refurbishment |
$268,000 |
$268,000 |
$311,800 |
$311,800 |
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Modem./Modif./Upgrade |
$61,800 |
$61,800 |
$70,100 |
$70,100 |
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PERSONNEL COSTS |
Captain Salary |
$105,833 |
$105,833 |
$127,960 |
$127,960 |
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First Officer Salary |
$82,078 |
$82,078 |
$85,660 |
$85,660 |
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TRAINING
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Pilot Initial (Per pilot |
$32,000 |
$36,700 |
$41,600 |
$41,600 |
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Maintenance Initial |
$11,400 |
$11,500 |
$18,500 |
$12,500 |
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FACILITIES(Annual) |
Hangar/Office Lease Expense |
$144,664 |
$144,664 |
$147,075 |
$147,075 |
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Miscellaneous Office Expense |
$52,012 |
$52,012 |
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$54,268 |
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Manufacturer: Gulfstream Aero. Mode |
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Length |
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Height |
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Span |
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Height |
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Width: Max/Floor |
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Max Ramp |
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Max Takeoff |
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Max Landing |
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Zero Fuel |
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TOFL (SL elev., ISA temp.) |
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TOFL (5,000’@25°C) |
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Hot/High Weight Limit |
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***A IFR Range |
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Certificated |
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All-Engine Service |
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Engine-Out Service |
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Sea-Level Cabin |
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Long Range |
TAS |
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Fuel Flow |
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Altitude |
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Specific Range |
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TAS |
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Fuel Flow |
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Altitude |
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Specific Range |
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Manufacturer: Gulfstream Aero. Mode |
GIV / SP |
G V |
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Configuration
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2RR BR700-710C4-11 |
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﹡﹡Max Payload. |
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With a total of over 1000 cabin-class examples built since 1968, Gulfstream is clearly the dominant player in the long-range and ultra-long-range arena. Gulfstreams enjoy the flexibility of interior layout that affords an owner a choice of forward or aft galleys. The forward galley configuration allows for greater privacy in the cabin during cruise, even though they are not as common as the aft galley configuration.
The Gulfstream signature oval windows induce greater ambient cabin light and enhance the cabin appeal. These jets place perennially in first place for service and support around the world and are very payload capable.
The earlier GIV’s were given a payload ( gross weight ) boost as a result of overly ambitious interior outfitting. However, the successor, the GIVSP, does not have any noticeable performance / range advantage.
Buyers could ( as a number of Aviatrade clients have done ) opt to acquire a GIV and re-outfit with a lightweight interior using materials / components that were not available in the late ’80’s. However, if vintage is an important consideration, the GIVSP later models ( and the GIVEP ) are preferred for their overall improvements.
The latest iteration, the G450, has later digital avionics that create more space forward of the cabin door and reduce basic weight. The G450 also has approximately 200-250nm additonal range, somewhere in the region of 9.5-9.75 hrs if flown properly.
The Gulfstream GV was the quantum leap in range capability in 1995 and has been succeeded by the G550 ( the GVSP was the previous model name of the G550 ). Oddly enough, although the GV is capable of some 13 hours non-stop, the average stage length for the GV is a mere 2.5 hours.
The G550 advances the GV capabilities and mirrors the same improvements as the G450 over the GIVSP. The tweaking of the range capability matches the competition but is not a significant improvement in terms of city pairs on a consistent basis.
The G650 will enter service in 2012. This latest Gulfstream offering will yet again raise the bar for avionics sophistication, cabin amenities and volume, performance and range in the ultra-long-range segment of the business aircraft marketplace.
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We continue to see a slide in prices and a slight stabilization of availability.
The GIV inventory has come down to fifteen percent of fleet availability, but this is a result of "opportunity buying" as opposed to any prolonged demand uptick. Prices for most of these GIV’s is now down around or below $10MM USD in order to make a sale happen.
GIVSP’ have gone the other way, we now have more SP’s available than GIV’s and prices are still sliding into the mid-teens for a good GIVSP. Obviously the SP’s are putting pressure on the GIV’s.
GV’s are also under pressure from the G550’s and therefore no surprise that a GV should not cost over $25MM USD at present with circa ten for sale.
G450’s and G550’s are now back down to what we would term "bargain" prices....mid-high $20MM’s and high-$30MM-low $40MM’s respectively. These are the best segments to buy into to preserve any real re-sale value. GAC is also now beginning to discount some of the ’position’ sales that are bloating its inventory.
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