G650

[globalexp]

Just read an article that said 200 have been sold. Next available delivery was 2016. I know I'm pulling at straws, but can anyone share who's getting one?

 

[timmay]

Just read an article that said 200 have been sold. Next available delivery was 2016. I know I'm pulling at straws, but can anyone share who's getting one?

Assuming those people are upgrading from G5s and Globals there will be a flood of big iron on the market. It will be interesting to see what the value of those planes will fall to. Assuming the 650 is 60+ million and taking a 15 million dollar bath on the trade in, that becomes a very expensive transaction. I would think it might be difficult to justify.

 

[ultrarunner]

WAY difficult Timmay. And for publicly held outfits, you need BOD approval for transactions like this.

I would not expect to see any 650's go to outfits and are not have really good results. But even still, think about it....

Can you imagine a CEO sitting in back of a Global/G550, both of which can fly 6100/6700 nm, telling the BOD that the company can really be MUCH more competitive if you buy me the G650 that goes 7000 nm. What a crock.

But it'll happen.

 

[Gulfstream 200]

200 sold?, as in paid for?.....says who, Gulfstream?....

Anyone priced a brand new G550 lately?

Does it already have 100% dispatch reliability?

 

[timmay]

200 sold?, as in paid for?.....says who, Gulfstream?....

Anyone priced a brand new G550 lately?

Does it already have 100% dispatch reliability?

Yeah a letter of intent and a 1 or 2 million dollar deposit is much different than taking delivery. I had heard that used 550's were going as low as the mid 20's a few months back, but I don't know for sure. When my boss was looking at a Global last year there was a 2002 for sale and they were asking 45 mil, best move he never made.

 

[ultrarunner]

Yeah, LOI's are relatively cheap. There are 20 or so 550's on the market. I would think 25 to 35 mil for a 550 no sweat in this market.

 

[Tgaug6300]

I bet a few will go and bake on the ramp in Dubai. When they get tried of trashing the interior anfading the exterior they'll get new ones.

 

[gutshotdraw]

The airplane won't even certify until the end of 2011 with deliveries in 2012. If things are still this bad in 2012, we have bigger things to worry about than whether Gulfstream is selling jets and for how much. Like people in the streets with pitchforks and torches.

 

[AA717driver]

There WILL be jobs on Gulfstreams out there. Just think "expat". Maybe a trickle here in the U.S.

TC

 

[semperfido]

The sky isn't falling anymore. The economy is normalizing. They will sell many 650's.

 

[fob727]

The sky isn't falling anymore. The economy is normalizing. They will sell many 650's.

Unemployment above 10%, no jobs in our industry...no jobs anywhere for that matter. No offense Sarge, but what do you call normal?:beer:

 

[semperfido]

Unemployment above 10%, no jobs in our industry...no jobs anywhere for that matter. No offense Sarge, but what do you call normal?:beer:

First, there are many people still working. Second, employment numbers are a lagging indicator. It is getting better, it may not get to the inflated levels we were at before the crisis, but the numbers will show improvement.

 

[gulfstreameric]

If the airplane (G650) flies before year's end, the LOI must be met with a Non Refundable USD 10 Mil deposit of the 200 LOI's. Gulfstream's parent GD, will for sure want to have that money before Dec. 31st. So I'll bet ya they work like crazy to get that testbed a/c in the air before the end of the year.
200 LOI Owners will be frantically wiring money to Savannah.
If on the other hand Gulfstream can't make the 31st deadline, the 200 Owners of LOI are looking at getting better prices, penalty payout and new slot allocation from the production floor.

See what Christmas will bring ....

 

[Gulfstream 200]

First, there are many people still working. Second, employment numbers are a lagging indicator. It is getting better, it may not get to the inflated levels we were at before the crisis, but the numbers will show improvement.

Actually, most indicators, including Blue Book, show airplane prices continuing to fall through early 2010 at very least. Many airframes down over 50% from 24 months ago.

The possibility of financial collapse may have passed (or was never there IMO) but corporate aviation is still deep in the tank, and not improving.....Yet. The only winners are buyers with nothing to sell. I dont think we will ever see levels of a few years back.

I will say that unemployment seems more area specific. I dont know any corp pilots in my area currently unemployed. Even ones who have lost their jobs have found something within a month or two.

And thats good...

 

[2EASYPilot]

First flight was supposed to be today. Not sure if it flew or not.