Overview including differentiating features from other aircraft in its category
The Global 5000 is one of 4 business jet aircraft models built by Bombardier to compete in the ultra-long range large-cabin business jet market. The ultra-long range market is defined as a new group of large cabin business jets that can fly 5,000 nm or greater. Today the ultra-long-range large cabin business jet market has exceeded 1,100 aircraft in operation.
As of July 2013, the Global 5000 market is comprised of 59% new vs. 41% pre-owned. The percentage for sale is 12.2% with 88% under an exclusive broker agreement and the average days on the market are 267 days.
The ultra-long-range large cabin business jet market began in 1995 with the Gulfstream GV followed two years later by the Global Express. The Global 5000 traces its roots to the Global Express which was the second ultra long-range large-cabin business jet produced and started delivering to customers in 1997.