November 22, 2019
The Gulfstream G500 came about as a replacement to the Gulfstream G450, flying faster, further, and carrying more passengers and baggage than its predecessor. According to Gulfstream, the G500 has a top speed of 0.925 Mach or the speed of sound. It is equipped with a ventilation system that can replace the air in the cabin with fresh air in just 2 minutes and also has active side-stick control technology.
As of September 2019, 1 of the Gulfstream G500 aircraft were purchased pre-owned by their current owner, the other 22 new. One G500 aircraft is currently for sale and is under an exclusive broker agreement. Jetcraft brokered the world’s first transaction of a pre-owned Gulfstream G500 aircraft.
The GIV and G450 were produced by Gulfstream to offer greater safety, technology, and performance. The Gulfstream G500 has now replaced those models with even more improvements to these key factors. The Gulfstream G500 first flight was in May 2015 with service entry in September 2018. A total of 60 Gulfstream G500 business jets have been built, these serial numbers begin with a 7.
Before the G500 model, was the G-500 model. The G-500 was built from 2006 to 2008 but production ended due to poor sales. Only 9 units were produced, all of these are still in operation and their serial numbers start with a 5. Gulfstream made this model less expensive than the G-550 by reducing the Basic Operating Weight (BOW) by 400 pounds. The G-500 is powered by two Rolls Royce BMW/RR BR-700-C4-11 engines.
There are 23 Gulfstream G500 business jets in operation today and all are wholly owned. 13% are currently leased. North America has the largest percentage of Gulfstream G500 aircraft (74%), followed by Asia (17%).