GULFSTREAM G550

MARKET
REPORT
SECOND QUARTER 2014
Gulfstream G550
EXCLUSIVELY PREPARED BY REX MCGREEVY
WEPUSHTIN.COM | 512.868.9000
MARKET REPORT | Q2 2014
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GULFSTREAM G550
Greetings from the desk of Rex McGreevy,
Gulfstream Analyst here at Charlie Bravo Aviation.
You might recall my name as I check in with you
from time to time to discuss the market. The
following pages include a detailed report on the
G550 market for your review. Additionally, I’d like
to paint a picture of where this model fits into the
Gulfstream fleet and where some of the inventory
levels and aircraft values currently stand.
Three G100s have come to market in the last
two weeks, continuing a trend of climbing available
inventory levels of the G100 and its predecessor,
the Astra. An early model Astra can be purchased at
the $1M mark while Astra SPX model ask prices
hang in the high $2M to low $3M range. G100 ask
prices linger in the $3-4M range with some
stagnant inventory sitting and some new aircraft
that seem to be priced competitively.
Ten G200s have been sold in the last three
months.
While ask prices and values seem to
continue their decline, this market moves quickly.
Average asking prices range from $5-12M. The GIII
market remains saturated with 19% of the fleet for
sale; average asking prices range from $600K to
$3.5M. The GIV market hasn’t changed over the
past 30-60 days with 13% of the fleet for sale.
Available GIVSP inventory has fallen to 6% of the
fleet.
GV inventory has increased since last quarter,
but average asking prices remain $12-22M. The
G450 market has only seen sales by the OEM in the
past few months. Six percent of the fleet is for sale;
asking prices range from $16M to $34M. The G550
market stands at 5.9% of the fleet for sale with
prices ranging from $29M to $53M.
There is
currently only one G280 listed for sale on the
market at $23.5M. No G650s are listed for sale.
Overall we have seen a slight upward trend in
available G550 inventory as we move into Q2-Q3
of 2014. Some of this inventory is a result of G550
TYPE
GII/GIIB
GIII
Astra 1125
Astra 1125SP
Astra 1125SPX
G100
G150
G200
G-­‐IV
G-­‐IVSP
GV
G350
G450
G500
G550
G650
TOTAL
2014 # Sold
4
6
2
3
3
0
4
10
5
4
2
1
5
1
6
1
54
owners getting into their new G650s and divesting
themselves of the older aircraft.
The average time on the market for a G550 is
190 days. Although average asking prices are in the
low to mid $30M range, we’ve seen ask prices as
high as $45M for a late-model G550. On the low
end, one early model G550 sold in the $24M range.
Six G550s have sold in 2014, and several are
pending, including 5253, which Charlie Bravo
Aviation represents. If you’d like a detailed briefing
of these sales, we can book time to discuss the
market or your particular aircraft. I am happy to
present you with a customized market update, hard
copy proposal and evaluation of your aircraft, and
also discuss listing services and acquisitions.
REX MCGREEVY Gulfstream Analyst
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
GULFSTREAM G550
MARKET REPORT | Q2 2014
Current Astra/Gulfstream | Fleet Inventory: Q2 2014
G-Type
# Built
Asking Price
Range
Mfr. Year
# For
Sale
Percentage
of Fleet
GIII
202
$695-3.5M
1979-1987
35
19.00%
GIV
195
$4.7-$8.5M
1985-1992
28
15.50%
GIVSP
305
$6-14M
1991-2002
25
8.20%
GV
193
$13-22M
1995-2002
21
11.00%
Astra 1125
35
$995$1.29M
1985-1990
11
34.00%
Astra 1125SP
36
$1.7M$2.4M
1990-1996
4
12.00%
Ast. 1125SPX
58
$2.3M$3.4M
1980-2001
8
14.00%
G100
22
$4M
2001-2005
4
18.00%
G150
111
$6.2-7.9M
2005-2014
12
11.00%
G200
250
$4.9-12M
1997-2011
27
11.00%
G280
24
$24,475M
2009-2014
1
3.70%
G300
13
NFS
2003-2004
0
0.00%
G350
11
No Asking
Prices
2005-2007
2
18.00%
G400
23
$12.5M
2002-2004
6
26.00%
G450
311
$16.9$34.95M
2003-2014
21
7.30%
G500
9
$29.950M
2003-2008
1
11.00%
G550
431
$29-53M
2002-2014
16
6.00%
G650
53
$72M
2011-2016
2
3.00%
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
G550 Market Snapshot:
!
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
G550s FOR SALE BY YEAR OF MANUFACTURE
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
G550 Market Snapshot: Current On Market Listings
YEAR
ASKING
DATE LISTED
AFTT
2004
$29,500,000
1/23/14
3375
2004
Make Offer
1/9/14
1732
2005
$32,000,000
3/12/14
5917
2005
Make Offer
5/16/14
4400
2005
$29,995,000
4/22/14
2589
2005
Make Offer
2/14/14
3406
2006
$39,000,000
3/21/14
2502
2006
$32,500,000
4/10/14
3406
2006
$40,000,000
3/12/14
3289
2007
$35,000,000
1/16/14
4616
2007
Make Offer
4/1/14
1394
2007
$33,000,000
1/14/14
3825
2008
Make Offer
4/9/14
2630
2008
Make Offer
5/14/14
2609
2008
$38,500,000
11/19/13
3625
2008
$37,000,000
8/21/13
3887
2008
Make Offer
4/7/14
2940
2010
$42,000,000
1/9/14
1426
2010
$45,900,000
3/24/14
735
2010
Make Offer
2/12/14
1229
2010
Make Offer
12/19/13
625
2012
$48,000,000
9/6/13
789
2012
Make Offer
10/18/12
400
2012
$48,000,000
9/6/13
608
2013
Make Offer
3/20/14
316
2013
$53,500,000
4/4/14
95
RECENT GULFSTREAM G550 Transactions
!
There have been six (6) transactions of G550 aircraft in the past 150+ days. We do not
publish sold figures. However if you’d like a market brief and recent sold figures I’m
happy to meet with you via telephone or electronically.
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
G550: vRef Aircraft Value Timeline: 2007-Present
!
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
G550 Year/Model Summary: Retail/Wholesale Prices
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WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
Current G550 Market Trends as of November 2013
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WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
Business Jet Fleet Overview 2013 & 2014
Source www.vrefpub.com Q2 2014 Newsletter
© Copyright 2014 by Vref Publishing, Inc. All Rights Reserved.
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM
MARKET REPORT | Q2 2014
GULFSTREAM G550
ABOUT CHARLIE BRAVO AVIATION
With headquarters just north of Austin, Texas, Charlie Bravo Aviation consults with aircraft owners all over
the world on business aircraft transactions. The company facilitates deals with clients who need to buy,
sell, lease or trade an aircraft asset. The sales team handles every aspect of an aircraft transaction--from
mission definition and transaction negotiation to pre-purchase inspections and closing through escrow.
Charlie Bravo’s methodical approach and experience with hundreds of these transactions leaves clients
and partners free to focus on their own businesses. Throughout general aviation, dozens of industry
professionals and fleet operators use Charlie Bravo’s expertise when helping others with fleet transitions.
!
MARKET RESEARCH
Charlie Bravo Aviation’s market research data is unmatched. The Research team maintains up-to-date
competitive data and “take” prices for 100 of the most popular aircraft manufacturers and models. And the
comprehensive approach they use transfers easily to other models, enabling them to have an accurate
picture of any market in the world within hours. The Research department makes hundreds of phone calls
per week in gathering information to ensure this level of detail, as Charlie Bravo’s clients and industry
partners have come to depend upon this market data for all of their transactions.
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RECOGNITION
WEPUSHTIN.COM | 512.868.9000 | REX@WEPUSHTIN.COM