Price and Operating Costs
A new Gulfstream G550 has a list price of $54,500,000. Based on 400 flight hours per year the Gulfstream G550’s total annual variable costs are $2,113,296 and total fixed costs are $1,336,871 for an annual budget of $3,450,167. Which gives the Gulfstream G550 an hourly cost of $8,625 per hour.
Specifications and Performance
The Gulfstream G550 has a 2-person crew and can carry up to 18 passengers. The Gulfstream G550 has a seats full range of 6,583 nm and a maximum cruise speed of 488 kts. The Gulfstream G550 has a normal cruise speed of 476 kts and a long-range cruise of 459 kts. The Gulfstream G550 has a ferry range of 6,954 nm. The Gulfstream G550 has a rate of climb of 3,740 ft/min and a max certified altitude of 51,000 ft. The Gulfstream G550 has a Balanced Field Length (takeoff) of 6,200 ft with the following landing field lengths: FAR-91 of 2,200 ft, FAR-135 of 2,750 ft, and FAR-121 of 3,667 ft. The Gulfstream G550 has a cabin width of 7.3 ft, cabin height of 6.2 ft, and a cabin length of 50.1 ft. The Gulfstream G550’s wingspan is 93.5 ft and the fuselage is 96.4 ft.
The G550 is a Gulfstream V with some significant improvements. It was unofficially known as the G VSP, prior to its baptism as the G550.
In 1997, Gulfstream introduced a new era in the history of business aviation with the Gulfstream V, the world's first ultra-long-range business jet. The Gulfstream 550 was introduced In 2002, as part of Gulfstream’s product line transformation.
The G550 is powered by two Rolls-Royce BR710 turbofan engines and is able to travel non-stop for 6,750 nautical miles with speeds up to Mach 0.885. The cabin is a G IV cabin that has been stretched 5 feet to make room for a crew rest area. The avionics suite is Honeywell’s PlaneView cockpit, an outgrowth of their Primus Epic architecture.
Both the G500 and G550 have improvements in aerodynamics leading to reduced fuel burns compared to the G V. The G550 gets the head-up display and enhanced vision system as standard, while it is an option for the G500. The G550 comes with a customizable cabin layout, has slightly different weights, greater range, and a higher base price (matching its higher level of standard features) compared to the G500.
The G550 has been in production since 2003.