Used private jet market strong despite Coronavirus, say brokers

Private Jets compared

Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis

Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.

The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.

Gulfstream G450

Gulfstream G450

Gulfstream 450 profile, including current pricing, manufacturing dates, cabin size and passenger capacity, range, speed, baggage space, fractional ownership and jet card options

Gulfstream G450 Facts

The G450 was developed in parallel with the G550, the first time that Gulfstream developed two new models concurrently, meaning it benefited from systems developed for the G550.

In 2016, Gulfstream announced it was ending production of the type as it began production of the G500.

In addition to the used market, you can access the G450 via fractional ownership and leases as well as aircraft type-specific jet cards and on-demand via charter.

The price for a used G450 starts at around $11 million.

Manufacturing Dates

Production Start: 2005

Production Ends: 2016

Last Delivery: 2018

G450 Related Models

The G450 followed up the G400 which was in production 2003 to 2004. It has the same cabin dimensions as the G IV (1986 to 1992) and G IVSP (1992 to 2002).

Cabin Category

Large Cabin – Heavy Jet

Fleet Size

As of November 2019, Amstat lists 354 G450s in service

G450 Cabin Size and Passengers

G-450 interior
Interior layout of the Gulfstream G450 in the NetJets’ configuration. The 14 seats can convert to four single beds and one double bed sleeping six.

Height: 6.2 feet

Width: 7.3 feet

Length: 45.1 feet

Seating Capacity: Up to 14

Range

Full: 4,070 nautical miles

Four Passengers: 4,025 nautical miles

Speed

Maximum Cruise Speed: 500 mph

Normal Cruise Speed: 476 mph

Long-Range Cruise Speed: 445 mph

Baggage Space

169 cubic feet

Access

Fractional Ownership – Yes

Dedicated Jet Card – Yes

Pricing

Used G450s are listed starting at approximately $11 million

Other Gulfstream models currently in production

Compare over 150 private jet models in the Private Jet Performance Guide.

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