The U.S. State Department has approved the Foreign Military Sale (FMS) to Italy of two special-mission versions of the Gulfstream G550 business jet configured for intelligence, surveillance, and reconnaissance (ISR).
The G550 model was rolled out in 2001 as the SP (Special Performance) version of the Gulfstream GV and received FAA certification in 2003. The aircraft has a maximum range of 6,750 nm and a maximum operating speed of Mach 0.885. It can seat up to 19 passengers and sleeps up to eight.
For as little as $14 million, you can buy an early serial number 2003 Gulfstream G550, a large-cabin business aircraft that is capable of flying eight passengers more than 6,700 nm. These jets sold new for more than $45 million.
There now are more than 460 Gulfstream G550 business jets in service and operators say it's a top performer, a versatile workhorse offering solid dispatch reliability and backed by unmatched product support.
What are the driving factors that affect the value of a business aircraft, such as the Gulfstream G550? Using a G550 with an in-service and Certificate of Airworthiness date of 2007, a microeconomic review shows what impacts value for this aircraft.