PRE-OWNED SPOTLIGHT GULFSTREAM G450 Complete with a long-range and large-cabin, the Gulfstream G450 is an upgrade from the popular GIV-SP/G400 model. Since it first entered production in 2004, the business jet has become one of the company’s most dependable aircraft. In 2016, the US-based aircraft manufacturer announced the final G450 would be scheduled for delivery to a customer in early 2018. The announcement comes one year prior to the first all-new G500 to enter service, anticipated to arrive on the market in the last quarter of 2017. 30 | ASIAN SKY QUARTERLY — SECOND QUARTER 2017
PRE-OWNED SPOTLIGHT PRE-OWNED G450 FOR SALE REF YOD ASKING PRICE (USD) HOURS DAYS ON MARKET PAX 1 2005 13,000,000 4,194 1,579 14 2 2005 11,990,000 2,801 29 16 3 2006 10,950,000 2,753 9 14 4 2006 10,790,000 4,139 16 14 5 2006 Make Offer 2,535 241 14 6 2007 Make Offer 2,854 13 14 7 2007 11,900,000 5,639 178 12 8 2008 13,000,000 988 177 14 9 2008 13,400,000 2,912 45 14 10 2008 9,000,000 3,232 13 16 11 2008 Make Offer 3,107 111 14 12 2008 Make Offer 4,468 55 14 13 2008 Make Offer 3,270 70 16 14 2008 13,500,000 3,453 645 14 15 2010 13,790,000 3,291 100 14 16 2009 Make Offer 1,752 20 14 17 2009 Make Offer 4,082 37 14 18 2010 14,000,000 2,220 1,016 14 19 2009 14,500,000 1,159 49 14 20 2009 12,950,000 1,747 36 14 21 2010 18,500,000 1,913 199 14 22 2010 14,900,000 2,470 64 16 23 2010 15,950,000 1,008 266 14 24 2011 16,950,000 1,100 212 14 25 2011 18,250,000 1,928 56 12 26 2012 20,000,000 1,155 415 14 27 2012 17,490,000 2,919 16 14 28 2012 Make Offer 1,815 51 12 29 2012 Make Offer 715 78 14 30 2013 18,500,000 670 385 13 31 2014 21,950,000 555 373 13 32 2014 Make Offer 268 283 16 33 2014 24,000,000 26 367 13 34 2014 Make Offer 1,420 267 14 PRE-OWNED G450 PRICE VS AGE-TIME SCORE 25 23 21 33 31 32 34 26 ASKING PRICE ESTIMATED ASKING PRICE REGRESSION (ASKING PRICE) Asking Price (M USD) 19 17 15 13 11 30 29 28 24 25 21 27 23 22 16 19 18 20 8 15 9 14 1117 13 6 5 12 3 2 7 4 1 9 10 7 Age Time Score (2x Year of Manufacturing + Airframe Time) Source: JETNET & ASG SECOND QUARTER 2017 — ASIAN SKY QUARTERLY | 31