Over 550 have been produced, including the Gulfstream G500 which has a lower fuel capacity and reduced range.
![]() ![]() An example range map is shown below, starting from Teterboro (TEB). Average asking prices for one built in 2005-2006, is in the range 18m to 21m. Newer models that are 5 to 6 years old, 2012 to 2013 vintage, are typically in the range of 28m to 31m. Prices on preowned G550s vary depending on the total airframe and engine hours, maintenance, record keeping and overall condition. Of particular note, the fuel consumption varies significantly between take-off and cruise. On the other hand, longer missions require much more fuel on board, so take-off weight is much higher, requiring a higher fuel burn. The table includes a bundling of fuel consumed, maintenance labor, parts and reserve costs (Variable Costs), apportioned to the actual flight time for the mission length. The fuel price used for this analysis is based on an average price of 5.00 per gallon, and the flights are assumed to have 8 passengers and 4 crew. The fuel consumption figure accounts for taxi, takeoff, climb, cruise, descent, and landing. Included in here are salaries for flight crew, annual training, hull insurance cost computed by multiplying a liability factor per 100 of hull insurance; and liability insurance based on 25m in coverage. ![]() The basis for the figures reported is actual operator experience compiled by AirPower Software. Parts, labor, and reserves are predicated on the assumption that the aircraft is no longer covered by the manufacturers warranty. You can also put in your own airport to see the range of the G550 from your home base. Their tool, AircraftBudgetAnalyzer, lets you fully customize these operating costs to model your own usage and requirements. Gulfstream G550 Model Free Demo OfThey also offer a free demo of the aircraft costing platform.
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