Gulfstream G450
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The Conklin & de Decker Report Gulfstream G450 Created on August 21, 2019 by Doug Strangfeld © 2019 Conklin & de Decker Associates, Inc PO BOX 121184 1006 North Bowen, Suite B Arlington, TX 76012 www.conklindd.com Data version: V 19.1 Gulfstream G450 RANGE 4,070 nm SPEED 500 kts PASSENGERS 14 people Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $24,000,000 $2,774,893 $4,234/hr $1,081,387 MAX PAYLOAD 6,000 lb ENGINES 2 Rolls Royce TAY 611-8C TOTAL CABIN AREA 1,658 cu ft AVIONICS Gulfstream Plane View WINGSPAN 77.8 ft APU Standard Assumptions This report uses custom assumptions that differ from Conklin & de Decker default values for Annual Utilization (Hours), Fuel Price (Jet A). ANNUAL UTILIZATION (DISTANCE) 165,600 nm FUEL PRICE (JET A) $4.45/gal ANNUAL UTILIZATION (HOURS) 400 hrs LABOR COST $136/hr AVERAGE SPEED (STANDARD TRIP) 414 kts ACQUISITION COST $24,000,000 Gulfstream Aerospace Corporation In 1992, Paulson retired and sold Gulfstream to Forstmann-Little & Co. General Dynamics Aviation Services bought Gulfstream in the late 1990s and renamed itself In 1959, the Grumman Corporation, a manufacturer of military aircraft, introduced the Gulfstream in 2011. Grumman Gulfstream I business aircraft to the world. This was the beginning of the aircraft company now known as Gulfstream. Gulfstream acquired Galaxy Aerospace in 2001. The purchase of Galaxy also included the Astra SPX and Galaxy aircraft. In 2002, Gulfstream rebranded its This new turboprop aircraft was the first of its kind designed for business travel and production aircraft as follows: the Astra SPX became the G100, the Galaxy became was a huge success. Two hundred of them sold immediately. This led Grumman to the G200, the GIV-SP became the G300 and G400, and the GV became the G500 and develop the jet-powered Grumman Gulfstream GII in the early 1960s. This was when G550. Later on, the G300 and G400 would be redesigned so the cockpit areas would Grumman separated the company’s civil and military aircraft production lines. In be stretched to the same size and contain the same components as the cockpit in 1966, the civilian part of the company moved to its current location in Savannah, GA. the G500 and G550. This made the Gulfstream manufacturing process more efficient In 1978, the Gulfstream line was sold to American Jet industries and Allen Paulson. and allowed any assembly line to produce any of the aircraft. With the new cockpit After Paulson bought Gulfstream, development of the GII became his priority. design, the G300 and G400 became the G350 and G450. Production of the GII series ended in 1979 and GIII deliveries started shortly afterwards. Israel Aircraft Industries manufactures the G100, G150, G200 and G280 aircraft for Gulfstream. They are then flown as “green” aircraft to a Gulfstream completion In 1982, Paulson bought Rockwell International’s aviation division, making facility stateside for finish. Gulfstream the world’s largest manufacturer of private jets. In 1985, Paulson sold Gulfstream to Chrysler. He bought it back in 1990 with the help of venture capital Gulfstream G450 company, Forstmann-Little & Co. One of Paulson’s visions was to develop the world’s first supersonic corporate jet and Gulfstream entered a partnership with Soviet aircraft manufacturer, Sukhoi, to achieve this along with designing successor The Gulfstream G450 was introduced in 2004 as part of Gulfstream’s product line aircraft. The partnership with Sukhoi fell through and plans for the supersonic transformation. Technically speaking the G450 is a G400 that has the same 1-foot corporate jet were shelved; however, the plans for successor aircraft were not. The longer cockpit found in the G500 and G550. The G450 has also upgraded the avionics GIV and GIV-SP followed the GIII and the first ultra-long-range business jet, the GV, suite from the Honeywell SPZ8400 to the same Honeywell PlaneView avionics suite was introduced in 1992. It was certified in 1997 and entered service ahead of its found in the G500 and G550. closest competitor, the Global Express. Production of the G450 started in 2004. 2 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 1. Cost ACQUISITION COST ANNUAL COST VARIABLE COST FIXED COST $24,000,000 $2,774,893 $4,234/hr $1,081,387 Total Annual Cost With Market Depreciation $4,406,893 38% - Variable Cost - $1,693,506 25% - Fixed Cost - $1,081,387 37% - Market Depreciation - $1,632,000 Hourly Variable Cost PER FLIGHT HOUR $4,234/hr Fuel 1 $2,301 Fuel $2,301 Additives — Maintenance $583 Maintenance Labor 2 $360 Parts Airframe/Engine/Avionics $168 Thrust Reverser Allowance — APU Allowance $55 Major Periodic Maintenance — Engine Reserves $726 Miscellaneous Reserves $624 Landing/Parking $96 Crew Expenses $346 Supplies/Catering $182 1. Fuel is calculated using Fuel Cost x Fuel Burn + 15% - 517 gal/hr 2. Maintenance Labor Cost is calculated using the ratio of Maintenance Labor Hours per Flight Hour and the Labor Rate: 2.65 labor-hr/Fhr @ $136/hr 3 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Costs are forward looking estimates based on Conklin & de Data Version: V 19.1 Decker Research. For comparison purposes only. Gulfstream G450 Annual Fixed Cost ANNUAL COST $1,081,387 Crew $562,900 Captain $178,000 Copilot $135,000 Flight Attendant $120,000 Benefits $129,900 Hangar $84,400 Insurance $39,620 Hull $27,120 Single Limit Liability $12,500 Aircraft Modernization $51,000 Training $119,000 Miscellaneous $224,467 Navigation Chart Service $14,847 Refurbish $199,920 Computer Maintenance Program $9,000 Weather Service $700 Other — 4 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Costs are forward looking estimates based on Conklin & de Data Version: V 19.1 Decker Research. For comparison purposes only. Gulfstream G450 2. Performance NORMAL CRUISE LONG-RANGE CRUISE MAXIMUM CRUISE 476 kts 445 kts 500 kts RATE OF CLIMB MAX CERT. ALTITUDE INITIAL CRUISE ALTITUDE TIME TO CRUISE ALTITUDE 3,760 ft/min 45,000 ft 41,000 ft 20 min ENGINE OUT RATE OF CLIMB ENGINE OUT CEILING 712 ft/min 25,000 ft Field Length FAR-91 2,650 ft FAR-135 3,313 ft FAR-121 4,417 ft Balanced Field Length 5,578 ft 3. Weight/Payload Weight Breakdown With Max Payload With Max Fuel With Max Payload With Max Fuel MAXIMUM PAYLOAD RANGE AT MAX PAYLOAD AVAILABLE PAYLOAD PASSENGER CAPACITY 6,000 lb 3,812 nm 2,719 lb 13.6 people RAMP 75,000 lb MAX TAKEOFF 74,600 lb MAX LANDING 66,000 lb ZERO FUEL 49,000 lb BASIC OPERATING 43,000 lb USABLE FUEL 29,281 lb USEFUL LOAD 32,000 lb 5 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 4. Range Centennial Airport (APA • KAPA) Maximum Cruise 3,527 nm Long-Range Cruise 4,363 nm Map data ©2019 Long-Range Cruise Maximum Cruise RANGE AVERAGE SPEED RANGE AVERAGE SPEED 4,363 nm 449 kts 3,527 nm 474 kts ENDURANCE PASSENGERS ENDURANCE PASSENGERS 9.72 hrs 4 people 7.44 hrs 4 people SEATS FULL RANGE 4,070 nm FERRY RANGE 4,425 nm 6 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 5. Interior PASSENGERS CREW AREA PER PASSENGER 14 people 2 people 65.6 cu ft/person CABIN VOLUME BREAKDOWN 1,658 cu ft TOTAL CABIN AREA PASSENGER AREA MISC SPACE (GALLEY, LAV, ETC.) 1,658 cu ft 919 cu ft 739 cu ft CABIN WIDTH CABIN LENGTH CABIN HEIGHT 7.3 ft 45.1 ft 6.2 ft TOTAL BAGGAGE AREA INTERNAL EXTERNAL 169 cu ft 169 cu ft — DOOR WIDTH (DOOR) LENGTH (DOOR) 15 sq ft 3 ft 5 ft 7 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 6. Exterior WINGSPAN FUSELAGE 77.8 ft 89.3 ft POWERPLANT 2 Rolls Royce TAY 611-8C THRUST THRUST REVERSER 13,850 lb Standard 8 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 7. Equipment AVIONICS Gulfstream Plane View COCKPIT VOICE RECORDER Standard FLIGHT DATA RECORDER Standard EICAS Standard GROUND WARNING SYSTEM EGPWS TRAFFIC WARNING SYSTEM TCAS II MAINT DIAG SYS Standard VHF 8KHZ SPACING Standard AUXILIARY POWER UNIT Standard MEETS STAGE 3 NOISE LEVELS Yes REGULATORY CERTIFICATION 2004 IFR CERTIFIED Yes PRODUCTION 2005 - 2016 SINGLE POINT REFUEL Standard EXTERNAL LAV. SERVICE Standard 9 of 23 © 2019 Conklin & de Decker Associates, Inc. Created on Aug 21, 2019, by Doug Strangfeld Data Version: V 19.1 Gulfstream G450 Explanation of Terms Introduction The following describes the content of each cost element used in The Conklin & de Decker Report. Aircraft not yet certified will be noted as Awaiting Cert in bold red on the program screen and bold print in the footnotes section printout. This is to indicate the data shown is preliminary in nature. If an aircraft is marked as Preliminary Data, the aircraft has been certified but the data is still preliminary at this stage. Methodology and Disclaimer It is the opinion of Conklin & de Decker that the data presented in this publication is based on resonable methodologies and assumptions, and reliable sources. Manufacturer data may be based on differing assumptions, sales price adjustments, individually negotiated fleet contracts, differing warranties, or specialty maintenance programs particular to a manufacturer or year of production, and is therefore, in the opinion of Conklin & de Decker, not suitable for comparison with other aircraft.