How much does a long-range Gulfstream jet cost?

Gulfstream Aerospace produces a number of long range corporate jets such as the G450, G550 and G650. These can fly on intercontinental routes such as London to Los Angeles or Dubai to Tokyo. The G500 and G600 are new additions to the range and are expected to enter service in the next years.

Let’s take a look at each Gulfstream heavy jet in turn with a brief specification and the average list price:

Gulfstream G450
Passengers up to 16
Range up to 4,350 nautical miles (8,056km)
Cabin Height 6ft 2in (1.88 m)
Max Cruise Speed: Mach 0.88
Gulfstream G450 List Price ~ $39 million

Gulfstream G500 (expected 2018)
Passengers up to 18
Range up to 5,000 nautical miles (9,260km)
Cabin Height 6ft 4in (1.93m)
Max Cruise Speed: Mach 0.925
Gulfstream G500 List Price ~ $45 million (estimate)

Gulfstream G550
Passengers up to 18
Range up to 6,750 nautical miles (12,501km)
Cabin Height 6ft 2in (1.88 m)
Max Cruise Speed: Mach 0.885
Gulfstream G550 List Price ~ $59 million
gulfstream g550 jet

Gulfstream G600 (expected 2019)
Passengers up to 18
Range up to 6,200 nautical miles (11,482km)
Cabin Height 6ft 4in (1.93m)
Max Cruise Speed: Mach 0.925
Gulfstream G600 List Price ~ $55 million (estimate)

Gulfstream G650
Passengers up to 18
Range 7,000 nautical miles (12,964km)
Cabin Height 6ft 5in (1.95 m)
Max Cruise Speed: Mach 0.925
Gulfstream G650 List Price ~ $65 million

Gulfstream G650ER
Passengers up to 18
G650 with extra fuel tank option
Range 7,500 nautical miles (13,890km)
Cabin Height 6ft 5in (1.95 m)
Max Cruise Speed: Mach 0.925
Gulfstream G650ER List Price ~ $67 million

These jets from Gulfstream cater to high net worth individuals and corporations who need transportation with a global range.

Gulfstream jet owners of note include Tom Cruise, Mark Cuban, Larry Ellison, Peter Jackson, Phil Mickelson and Tiger Woods.

Main headline photo credit: stuart.mike/flickr

Boeing Business Jets vs Airbus Corporate Jets

Long range business jet airliners from Boeing and Airbus are the largest private aircraft on the market.

Boeing Business Jets (BBJ) is a joint venture between Boeing and General Electric. It sells narrow-body VIP aircraft based on the reliable Boeing 737 series; it also sells wide-body VIP aircraft derived from the Boeing 777 (200LR and 300ER), the Boeing 787 (-8 and -9) and the Boeing 747-8, the latest stretched version of the iconic 747 jumbo.

Airbus Corporate Jets (ACJ) are offered by Airbus. The narrow-body VIP aircraft are based on the A320 family. The Airbus wide-body corporate jets are based on Airbus A330/A350/A380 series aircraft.

Airbus and Boeing narrow-body aircraft can carry between 8 and 50 passengers in great comfort and can be configured with lounges, boardrooms and bedrooms. The planes are fitted with extra fuel tanks to handle longer range flights. They can also be configured as airliners with anything up to 200 seats.

The wide body aircraft can carry 25-50 passengers in VIP comfort and can be configured with offices, lounges, boardrooms and bedrooms. Some parts of the aircraft can be set with denser seating arrangement so that large delegations can be carried.

Let’s take a look at a comparison between Boeing Business Jets and Airbus Corporate Jets.

Boeing Business Jet BBJ – narrow-body
BBJ (Boeing 737-700) – range 11,600km – list price $78 million
BBJ2 (Boeing 737-800) – 10,400km – $93 million
BBJ3 (Boeing 737-900ER) – 10,300km – $99 million
BBJ MAX 8 (Boeing 737 MAX 8) – 12,100km – $107 million
BBJ MAX9 (Boeing 737 MAX 9) – 11,800km – $113 million

Airbus Corporate Jets ACJ – narrow-body
ACJ318 (Airbus A318) – range 7,800km – $74 million
ACJ319 (Airbus A318) – 11,100km – $89 million
ACJ319neo (Airbus A319neo) – 12,500km – $98 million
ACJ320 (Airbus A320) – 7,800km – $97 million
ACJ320neo (Airbus A320neo) – 11,100km – $106 million
ACJ321 (Airbus A321) – n/a – $114 million

Boeing Business Jet BBJ – wide-body
BBJ 787-8 – range 18,400km – list price $218 million
BBJ 787-9 – 17,600km – $257 million
BBJ 777-200LR – 18,600km – $305 million
BBJ 777-300ER – 17,600km – $330 million
BBJ 747-8 – 16,400km – $368 million

Airbus Corporate Jets ACJ – wide-body
ACJ330 (Airbus A330-200) – range 14,800km – $229 million
ACJ350 (Airbus A350-900) – 18,600km – $305 million
ACJ380 (Airbus A380) – 17,250km – $428 million

The costs of Boeing Business Jets represent the average USD price (2015) quoted by Boeing of the current fitted aircraft delivery. Likewise, the cost of Airbus Corporate Jets is given as the average USD price (2015) given by Airbus of the current fitted aircraft. Obviously the cost of customised fittings can add tens of millions to the price.

How to buy a private jet

Buying your own private jet aircraft is a big investment for either an organisation or high-net-worth individual. It is thought that an aircraft purchase will only be cost-effective if you need to fly more than 400 hours per year – which averages at about 8 hours per week.

For anything under 400 hours you would probably be better off considering a fractional ownership program such as that offered by industry leader Netjets or a block hours card. Lighter users should probably stick to standard jet charters.

Buying a private jet outright is for those who wish to retain control over an aircraft. Multinational corporations are commonly known to purchase their own jets but will also use additional jet charters to supplement their needs.

There are a number of factors to consider when thinking about buying your own plane:

1. Aircraft Type

Which type of plane do you need? This will depend on the number of seats you require and how far you are looking to travel. Private jet planes can be split into the following segments:

Very Light Jets – VLJs have compact cabins with 4-6 seats and can travel on short flights under 2 1/2 hours with a range of around 1,200 miles. They are the cheapest type of jet aircraft with list prices up to $5 million. Examples include the Cessna Citation Mustang, Embraer Phenom 100 and Honda HA-420 HondaJet.

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