March 8, 2017
The Gulfstream G450 is a direct descendent of the Gulfstream G400/GIV-SP series. It comes with upgraded engines (Rolls-Royce Tay 611-8C) with FADEC, and redesigned thrust reverser, nacelle and pylon that, coupled with aerodynamic improvements, increase range and payload.
As of November 2016, 33% of the Gulfstream G450 aircraft were purchased pre-owned by their current owners, the other 67% new. Currently 8.5% are for sale with the majority of those (76%) under an exclusive broker agreement. When for sale, the average time on the market is 244 days.
Flight-testing of the Gulfstream G450 started in April 2003 and FAA certification was completed in August 2004. A total of 342 Gulfstream G450 aircraft have been manufactured, all are still in operation today. Production of the G450 will end in early 2018 as Gulfstream transitions production to its new G500.
There are 342 Gulfstream G450 aircraft in operation today. Most of these are wholly owned (321) with 5 in shared and 16 in fractional ownership. 15% of the 342 are currently leased. North America has the largest percentage of G450 aircraft (58%), followed by Asia (29%) and Europe (9%).