Read Jay Mesinger’s article for World Aircraft Sales’ February 2014 issue from the Aviation Leadership Roundtable section.
Read Jay Mesinger’s article in World Aircraft Sales’ February 2014 issue from the Business Aviation and the Boardroom section.
We regularly track this market and provide our clients with detailed market reports with information about all of the current Lear 60XRs for sale and those that recently sold. Highlights of the market include:
- Currently 21 aircraft publicly listed for sale, representing 18% of the entire fleet
- 2 of the 21 that are listed for sale are deal pending
- 12 of the 21 are United States N-registered
- Year models range between 2007 and 2014*
- Asking Prices range between $4,200,000 and $7,995,000
- Airframe Total Times range between 190 hours and 4,609 hours
- Average Day on the Market is 433
- There have been 5 verified retail transaction in the last 6 months
We have extensive experience buying and selling Learjet and other Bombardier products.
Contact Us if you would like help buying or selling a Learjet 60XR.
*Bombardier bases their year models on the year it was placed in service. The product line “paused” production in 2012 however there are aircraft on the market that are considered as 2013 and 2014 models.
I spent last week in Atlanta, GA at the NBAA Leadership Conference. One question that I heard repeatedly throughout the week was, “How can we as flight departments be leaders in the discussion of how business aviation adds value to our communities and our economy?” In addition to the successful NBAA and GAMA No Plane, No Gain public campaign, I have started to see a positive trend in how flight departments are answering this question without intentionally doing it. Through their work to find ways to add even greater value to their organizations, they are creating positive ripple effects beyond the borders of our industry demonstrating the value that business aviation provides.
Over the last several years there has been a growing trend changing the role of flight departments, from being autonomous groups at the airport to becoming value-producing business units. Many flight departments are identifying ways to become more integrated into their organizations. It doesn’t matter if they are single aircraft single pilot operations for private owners or large multi-aircraft corporate flight departments, they are interacting more with “downtown” to better understand the current and future travel and business needs. They are identifying ways that their departments can proactively help satisfy their principles’ and organizations’ personal and company growth goals. They are doing this by creating more strategic aircraft utilization plans and longer term fleet plans resulting in better management of the value of their aviation assets, future investments, training and personnel costs and operating costs as well as providing better service to their organizations. Owners and owner companies are recognizing this shift. From my work with our clients whose flight departments are taking these proactive steps, I know that their principles are paying attention and valuing this shifting attitude and positive trend.
As flight departments and aviation related companies are working to change their roles in their own organizations, they are inherently and organically creating a shift in the understanding of the value business aviation provides. This is already developing ripple effects that are stretching beyond the hangar walls and the borders of our industry. Non-aviation members of these organizations are starting to better understand the value that business aviation can really offer. As this continues to happen, I suspect and hope that more people will discuss the value of business aviation outside of their own organizations in their communities further building the positive momentum that our industry needs.
We regularly track this market and provide our clients with detailed market reports with information about all of the current Gulfstream GIV-SPs for sale and those that recently sold. Highlights of the market include:
- Currently 31 aircraft publicly listed for sale with 1 being for lease only
- 4 of the 31 that are listed for sale are deal pending either for a straight sale or a lease
- 26 of the 31 are United States N-registered
- Year models range between 1992 and 2002
- Asking prices range between $3,995,000 and $16,650,000 with the majority of the asking prices below $9,000,000
- Airframe Total Times range between 3,600 and 12,217
- Average days on the market is 415
- There have been 7 verified retail transaction since August 1, 2013 (S/Ns 1316, 1468, 1235, 1249, 1257, 1301 and 1330)
We have recent experience on behalf of a client selling a 1994 model in November 2013.
Contact us if you would like any help buying or selling a Gulfstream GIV-SP.
Read Jay Mesinger’s article in World Aircraft Sales’ January 2014 issue from the Aviation Leadership Roundtable section.
Read Jay Mesinger’s article for World Aircraft Sales’ January 2014 issue from the Business Aviation and the Boardroom section.
Gulfstream G450s follow a long lineage of innovative large body long range aircraft. Gulfstream started developing the Gulfstream GIV in 1983 with Grumman, they flew its maiden flight on September 19, 1985 and the first Gulfstream GIV entered service in 1987. In 1993 Gulfstream delivered the first GIV-SP and then in 2004 they delivered the first G450 which is still in production today. Over the many years and variations of the GIV, Gulfstream has upgraded the avionic suites and enhanced the performance of the aircraft. Since 1987 Gulfstream has delivered approximately 800 GIVs, GIV-SPs, G400s and G450s to operators around the world; today there are approximately 280 Gulfstream G450s in service. As International business aviation demand and operations have grown dramatically over the last ten years, Gulfstream has also continued to invest heavily in its service, support and parts distribution network around the world.
Gulfstream G450s incorporate the Honeywell “PlaneView” cockpit featuring 4 14” Honeywell LCD EFIS screens, Heads-Up Display (HUD) and an Enhanced Vision System (EVS) as standard equipment. The PlaneView cockpit was developed as a joint collaboration between Honeywell and Gulfstream with the intention to completely redesign Gulfstream’s digital flight deck experience. PlaneView was built on the successful foundation of the Honeywell SPZ-8000 avionics series implementing the Primus Epic platform in an altogether new way providing the greatest situational awareness and data management possible.
According to Conklin & deDecker, some of the G450 performance statistics include:
- “seats full” NBAA IFR Reserve range of 4,100 nautical miles,
- balanced field length of 5,770 feet,
- Part 91 landing field length of 2,650 feet, and
- normal cruise speed of 476 KTAS.
We are currently representing Gulfstream G450 Serial Number 4107 for sale. It has been owned by one large U.S. Company and based in Pittsburgh, PA under the same management since it was new. It is operated both as a Part 91 aircraft for the Company that owns it and it is on a Part 135 certificate. As of January 27, 2014 the aircraft had 2,848.3 hours total time and 1,729 landings. It is equipped with options including a Honeywell MCS-7000+ SATCOM, DIRECTV and more. Last Friday, January 24th our client instructed us to lower the asking price to $21,500,000 as they understand the competitive market and what it will take to make this one of the next G450s to sell. Please call us today to learn more about this incredible Gulfstream G450 and you can find full specifications, photographs and a video about this aircraft on our website at http://www.jetsales.com/jets/2007-gulfstream-g450-3/.
In December 2013 we completed the sale of Gulfstream G450 S/N 4089 and have now listed its sister-ship Serial Number 4098 for sale. Throughout the sales process of G450 S/N 4089 our client continuously demonstrated what it means to be an incredible partner in the sales process. Everyone involved walked away from the transaction happy. Whoever buys this sister-ship, S/N 4098, will have the same great experience.
I have written about pedigree, first class flight departments and great aircraft before. When we list any aircraft, our technical director Andy Weibel goes to our client’s hangar, visits with the flight department, reads all of the historical logs and records and looks at the aircraft as part of our due diligence. Andy’s note about what he saw after visiting this client’s flight department really says it all:
“This FAR Part 91 Corporate Flight Department has owned and operated S/N 4098 since new in 2007. The aircraft has always been based and hangared at the White Plains Airport in New York, along with other Gulfstream aircraft owned and operated by this same company. The facility is among the largest and most sophisticated that I’ve ever seen, and the operation/individuals that make up the Corporate Flight Department are among the best of the best in the industry.“
We are very fortunate to have many clients that represent what are some of the best of the best practices in the industry and the owner of this Gulfstream G450 S/N 4098 is one of them. From a buyers perspective it is important to understand the pedigree of an aircraft. The way an aircraft was maintained; whether it was always hangared or not; whether it was used often or if it sat for long periods of time; and what the investments, service bulletins and upgrades that were done….all of these things matter and they affect the costs and the ownership experience going forward. This Gulfstream G450 S/N 4098 stands out from the pack as one of those from the finest pedigree which will translate into a positive benefit for the next owner.
This Gulfstream G450 S/N 4098 has approximately 1,760 hours total time and 800 landings. It has had one owner since new; a large U.S. corporation with an old established and well respected flight department. The aircraft is maintained on the Gulfstream MSG-3 program and in December 2013 all due 24/36/48/72 month inspection items were completed by Gulfstream. Additionally, the aircraft was upgraded at that time to include Certification Foxtrot with Enhanced Navigation, ADS-C/FANS 1/A-CPDLC and Change 7.1 on the TCAS II completing most all of the avionic upgrades required for the new future global requirements. These recent upgrades compliment the already strong avionics package which includes among other features Synthetic Vision, Triple FMS Systems with TOLD and NZ 7.1 Software and RAAS. The aircraft is also equipped with the MCS-7000 SATCOM, Gulfstream’s Broadband Multilink (BBML) high speed data with WI-FI and two independent flight phone systems – one Magnastar C2000 and a VoIP system. There is no better equipped G450 with finer pedigree anywhere in the world. Please call us today to learn more.
Read Jay Mesinger’s article for World Aircraft Sales’ December 2013 issue from the Aviation Leadership Roundtable section.