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With the waiting list for new Gulfstream G650s nearly three years long, investing in a preowned G650 is definitely the way to go. Named one of the best private planes you can buy, the Gulfstream G650 is one of the biggest, fastest, and farthest-flying business jets available — with a range of 7,000 nautical miles.
When Gulfstream executives began talking about this new jet that had been in development for a number of years, they asked what exactly customers wanted. It was a bold move — and it paid off. Gulfstream’s advisory team held nothing back. They asked for an airplane that was bigger than the already successful G550. They wanted a plane with longer range, and they wanted it to be fast and light so it could land in important business aviation airports like Teterboro.
Demonstrating their commitment to a new manufacturing philosophy, Gulfstream decision-makers listened carefully and then delivered. According to Corporate Jet Investor, this particular jet quickly became one of the hottest on the market after its 2012 introduction.
One reporter referred to the flight deck of the G650 as “the most exciting flight deck” he had ever seen. With full synthetic vision, heads-up display, and more, it is arguably the most advanced business aircraft on the planet. Gulfstream engineers even developed a unique flight control system that allows the aircraft to be piloted the same way — regardless of payload.
While the G650 is the preferred aircraft for jet owners around the world, it’s unusual to see many of them for sale.
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Gulfstream Aerospace has begun preparing the next two G500s for flight. The first completed a handful of test flights after Gulfstream announced its new G500 and G600 family last October. They flew the first G500 on May 18, 2015, and the aircraft has since accumulated more than 15 hours in five flights, reaching speeds of Mach 0.80 and heights up to 38,500 feet. The longest flight lasted more than four hours.
“The first five flights exceeded our expectations,” Dan Nale, Senior Vice President of Programs, Engineering, and Test for Gulfstream, said. “They demonstrated that our testing facilities on the ground are having very real benefits in the air, allowing us to identify and address issues before they’re ever seen in flight.”
Gulfstream has decided on a few modifications to prepare for the next round of test flights. One of the unique aspects of Gulfstream’s approach is their use of customer involvement in the process of designing new jets. Similar to the customer involvement used in agile development style software design, Gulfstream allows their Customer Advisory Team to give feedback on what they want in the end product — and it’s become a working strategy. The G650 set the new standard for a large-cabin, ultra-long-range aircraft and it didn’t happen by chance. Instead of creating a G650 replacement, which was briefly rumored, Gulfstream listened to their customer team and created a matched pair of large cabin cruisers with slightly less range and just as much speed.
These new flagship aircraft models are in many ways more sophisticated, while costing millions less. They feature the most advanced avionics in the industry, the longest and most spacious cabins, and huge windows top it off — which Gulfstream originally pioneered on the G650. The cabin appears to be designed around the windows, with one for every individual seat, leaving an overall effect of great openness to go along with the quiet ride.
Certification of the G500 is expected in 2017, with the certification of the G600 following about a year later.
Contact L & L International if you need assistance in purchasing or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1.305.754.3313, or visit us online.
When most people think of flipping, houses come to mind. But lately the term has started to apply to aircraft. The demand for one aircraft in particular — the Gulfstream G650 — has caused a few sellers to part with this sought-after aircraft for profits between $5 and $10 million per flip.
The G650 is the must-have plane for billionaires, including Ralph Lauren and Oprah Winfrey, who have lined up to place their orders. Exactly why is this jet such a hot item? It’s Gulfstream’s flagship aircraft and it’s succeeded in creating a new category of ultra-long-range business jets. The G650 is capable of comfortably transporting up to 18 passengers, making it the king of the large cabin private jets with a range of well over 7,000 miles and a maximum speed of Mach 0.925.
It’s also very scarce — just around 30 jets have been delivered since its launch — despite the strong demand. In fact, current demand is so high that a buyer who hands over a $5+ million deposit and signs a contract today won’t see their G650 until the third quarter of 2017. Some people simply don’t want to wait this long, even if that means paying above market value for any G650 that comes up for sale.
One of the most recent examples of aircraft flipping was the sale of a 2013 Gulfstream G650 owned by Fabiana Flosi, the wife of Bernie Ecclestone, president and CEO of Formula One racing. She acquired the jet in July and sold it in September. The 2013 list price for a G650 is $64.5 million, but Ecclestone and Flosi paid less. They sold it to Vichai Srivaddhanaprabha, a Thai businessman and the owner of the UK’s Leicester City Football Club, for $72 million.
Although flipping aircraft was popular in the years leading up to the economic crash of 2008, it hasn’t been as common in recent years. Still, the recent Gulfstream sales have made some wonder if aircraft flipping is coming back in vogue. Most likely, the answer is no: G650s are rare, and Gulfstream has rules in place to discourage the practice. There are now anti-speculation clauses in its contracts that prevent placing orders for aircraft simply for the purpose of selling (or flipping) them. Gulfstream contracts state that if a customer who has ordered an aircraft attempts to sell it before delivery, the manufacturer has the right to withdraw warranties thereby reducing the aircraft’s value by millions. Of course, once an aircraft is delivered, the owner is welcome to do with it as they will.
Plus, the fact remains that the G650 is an incredible aircraft, and many who get their hands on one won’t be so quick to let it fly off into the sunset — no matter how much profit they stand to make!
Arguably the hottest business jet on the market today, the Gulfstream 650 will cost you a cool $65 million. The jet was introduced in 2008 and already has over 200 preorders. Big names on the waiting list include Oprah Winfrey, Warren Buffet, and corporations like Disney and Walmart.
Getting on the list today means you won’t see your new plane until 2017, even if you’re an A-List celebrity or powerful corporation. Gulfstream strictly forbids line jumping, and they are trying to keep speculators out of the G650 market. The popularity of the aircraft has helped Gulfstream rebound from the stress on the industry caused by the recession.
Gulfstream says this is the best aircraft it’s ever built, and it’s easy to see why the jet manufacturer makes that claim. Let’s take a look at some of the features that set it apart from the rest:
- Has the ability to fly 7,000 nautical miles non-stop. That links you directly from New York to Dubai, or from London to Buenos Aires without refueling.
- Can achieve a speed of Mach 0.925, and is the only traditional private jet to get that close to the speed of sound. That makes it the fastest civilian aircraft currently in the skies.
- Has advanced navigation and safety equipment in the cockpit, including 3D weather radar, Automatic Emergency Decent Mode, and the Enhanced Vision System II.
- The cabin can be configured in 12 different ways to accommodate up to 18 people.
- A longer, taller, and wider cabin is the biggest in this class of jets.
You don’t have to wait until 2017 to get your hands on a great Gulfstream jet, though. Gulfstream has long enjoyed a reputation for excellent business jets, and L&L International can help you find a previously owned jet that is the perfect fit for your needs now. We’ll broker the deal and make the process a smooth one. You’ll be enjoying the convenience of private jet ownership long before the next G650 is available.
The new Gulfstream Aerospace G650 has more than 200 people lining up to pay $65 million, and they’re willing to wait until 2017 to get it. Why? Well, it’s simple. Gulfstream is the ultimate in luxury business jets.
- Capacity — The G650 can comfortably carry eight passengers and four crew members on long-leg trips from Dubai to New York, for example.
- Design — With 12 floor plans to choose from, the G650 interior is longer, wider, and taller than any other cabin in its class.
- Flight distance — Cited as the most technologically advanced business aircraft available, the G650 can travel non-stop legs of 7,000 nautical miles.
- Speed — This new jet can nearly reach the speed of sound, making it arguably the fastest civilian jet in the world.
- Safety — The G650 offers next-generation advanced safety features, including the Enhanced Vision System (EVS) II™, the Head-Up Display (HUD) II, the Synthetic Vision-Primary Flight Display (SV-PFD), and a PlaneView II™ cockpit.
However, if you’re not interested in waiting for the new G650 (or its hefty price tag), there are equally impressive Gulfstream models available. But they’re hard to come by. Gulfstream jets don’t stay on the market for very long — even in this economy. In fact, some older Gulfstream aircraft have appreciated in value.
But finding, financing, and insuring the perfect Gulfstream for you is made easier with an experienced broker. L & L International has the knowledge and experience to procure a new or used Gulfstream, taking care of the details so that you can hit the skies sooner.
There are numerous ways to compare commercial versus private air travel. When mealtime rolls around, there’s really no question about which option is going to taste better. Thanks to the rise in demand for private air travel, the availability of on-board catering options has exploded. Expanded menu selections and higher quality food provide dining experiences that range from the everyday to the gourmet — and anywhere in between.
Here are a few key considerations before ordering your next in-flight meal:
Meals that match the accommodations
Smaller jets intended for shorter flights aren’t usually equipped with a galley, so cold food such as sandwiches, salads, cheeses and non-perishable deserts like cookies are the best choices. Remember to request utensils, plates, glassware and trash bags for cleanup. You may also need a beer or wine opener for that special in-flight toast to a successful partnership.
With larger jets come food warmers and refrigeration units, so the catering options are almost unlimited. A wide variety of hot foods prepared by experienced and highly trained chefs can satisfy virtually any culinary craving. For overseas flights, remember to plan ahead for multiple meals and inquire about staffing to help with meal preparation and setup.
Fly far and dine local
Another option is to order from a caterer or restaurant that specializes in the local cuisine. Hankering for a hot dog in Chicago? Craving blue crab in Baltimore? Call a local caterer or restaurant and find out if they can deliver to the airport for a fee.
Find a catering company that comes recommended by private jet charter outfits or other corporate jet owners. Then ask the catering outfit if they accommodate special diets, how and when the food will be delivered, and if any special delivery or set-up fees apply.
Most importantly, remember that private air travel provides a unique opportunity to celebrate accomplishments, cement new relationships or just quietly cap the end of a long day. It’s time for private air travelers to take back the dubious reputation of airplane food by sampling and savoring new flavors in the air.
Contact L & L International if you need assistance in purchasing or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at 877-453-8276 (+1.305.754.3313) or visit us online.
Most people don’t think twice about taking a breath — but breathing is nothing to take for granted on an aircraft.
Too close for breathing comfort
The close quarters of a private jet — with limited breathing room — can increase the risk of catching an infection. In addition, pollutants such as engine fumes leaking into the cabin may pose a threat to the health of crew and passengers alike.
An aircraft cabin exposes occupants to outside and recirculated air, just like a home or office. On an aircraft, however, people are much closer together. Also, occupants can’t leave at will, and the aircraft interior must be pressurized.
Without ozone converters, elevated concentrations of ozone occur on aircraft, causing airway irritation and reduced lung function.
Technologies are available to address the issue of infections, contaminants and pollutants. AirManager, an air-sanitizing system adapted from one used in hospitals and nursing homes, can eliminate bacteria, viruses and other biohazards. It also destroys chemical pollutants and removes unpleasant smells.
Pressure rises
Pressure is also a breathing issue on aircraft. At 8,000 feet, a passenger’s oxygen intake is reduced by about 4 percent — not enough to cause harm, but enough to make passengers feel fatigue. Small children and people with cardio or pulmonary ailments may experience serious health effects.
But some aircraft manufacturers are working to combat the effects of pressurization. Some 2012 Gulfstream models, for example, will include technology that keeps cabin pressure equivalent to 2,800 feet, even when the aircraft is cruising at 41,000 feet.
If you require specific equipment or accommodations in your private aircraft, you can breathe easier with the help of a private jet broker. A professional broker can quickly locate the aircraft with just the features you need.
The slow and bumpy market recovery for business aircraft is expected to continue into the next decade, according to a report from Forecast International, a Connecticut market research firm. Sputtering U.S. and European economies have forced demand for business jets lower than the rising demand for private aircraft in the Middle East, Brazil, Russia, India and China.
Here are some highlights from Forecast International’s study.
- The most substantial build growth rates won’t be seen until 2013.
- Long-range, large-cabin jets see the most demand.
- Between 2011 and 2020, 10,907 jets will be produced, worth an estimated $230.3 billion
Several new designs are in the works, and industry analysts expect them to both enjoy high sales in the improving economy and to stimulate the aircraft industry. Click the links below to see pictures of the exciting new designs.
Speaking of Bombardier and the improving bizjet market, the Canadian aircraft company reported its 2011 third quarter earnings on Dec. 1, 2011. The news is generally good, with Bombardier posting revenues of $2.3 billion in the third quarter, up from $1.8 billion from the same period last year.
While the business jet market certainly isn’t skyrocketing or experiencing the levels of 2008, the increase in orders and demand seen recently demonstrates a sustainable pattern of growth that those in the business jet industry should be excited about. Happy New Year!
November has been an important month in business aviation. Growing markets in the BRIC countries (Brazil, Russia, India and China) as well as changes to U.S. appropriations affect the industry significantly. Also, the private jet community pays homage to an incredible leader, Teddy Forstmann.
New Association to Support Growth in Chinese Private Aircraft Market
The National Chinese Business Aviation Association (NCBAA) launched its website Nov. 28, 2011. China is a fast-growing market for private aircraft, and the newly formed NCBAA plans to offer a powerful association to support the burgeoning growth. The two main objectives of NCBAA are to provide an informational platform for all players in the industry and to promote the growth of business aviation in China.
Former CEO of Gulfstream, Teddy Forstmann, Died Nov. 20, 2011
Teddy Forstmann was known for many things, especially his incredible philanthropy and love of sports. To the aviation world, Forstmann will be remembered for his leadership of Gulfstream from 1990-1999. During his tenure, research and development were well funded, and Gulfstream became a great innovator of aircraft.
Congress Adjusts the BARR
Since the August changes to the Block Aircraft Registration Request (BARR) program, the National Business Aviation Association (NBAA) has worked diligently to reverse course. From 2000 until Aug. 2, 2011, BARR protected the privacy of aircraft’s flight plans, until the August change required operators to prove a security concern in order to be blocked from public, online tracking databases. However, Nov. 22, 2011, saw the passage of an appropriations bill in Congress that keeps the FAA from continuing with its changes to the BARR program that were initiated three months ago.
Check out these great jets available from L and L International. Please contact us with any questions.
