Gulfstream G550

==Development==
[[File:Gulfstream Aerospace G-V-SP Gulfstream G550 AN1299906.jpg|thumb|left|G550 cabin]]

The first production G550 (GV-SP) flew on 18 July 2002 and the aircraft received its FAA [[type certificate]] on August 14, 2003.<ref name= typeCert>{{cite web |url= http://rgl.faa.gov/Regulatory_and_Guidance_Library/rgMakeModel.nsf/0/2d504046f9657ec386257f610074fcfb/$FILE/A12EA_Rev46.pdf |title= Type Certificate date Sheet NO. A12EA, revision 46 |publisher= FAA |date= February 22, 2016}}</ref><ref>{{cite news |title=Gulfstream's GV-SP Makes First Flight July 18 |url=http://aviationweek.com/gulfstreams-gv-sp-makes-first-flight-july-18 |access-date=15 October 2023 |work=Aviation Week Network |date=29 July 2002}}</ref> In 2014, Gulfstream looked at a re-engine with the [[Rolls-Royce Pearl]] BR700 development announced in May 2018 for the new [[Bombardier Global Express|Global Express]] 5500 and 6500 variants but preferred the BR725-powered, 7,500 nmi [[Gulfstream G650|G650]].<ref>{{cite news |url= http://aviationweek.com/ebace-2018/whats-radar-gulfstream |title= What's On The Radar For Gulfstream? |date= May 30, 2018 |author= Molly McMillin |work= Aviation Week Network}}</ref> The 500th Gulfstream G550 aircraft was delivered in May 2015.<ref name=500thPR>{{cite press release |title= Gulfstream Delivers 500th G550 |url=http://www.gd.com/news/press-releases/2015/05/gulfstream-delivers-500th-g550 |publisher= General Dynamics |date= 2015-05-17}}</ref>

Deliveries went from 50 aircraft in 2011 to 19 in 2016 and with 40 units for sale in a fleet of 540. Valuations of the G550 are falling: a 10-year-old G550 valued $28 million a year before is worth $18-$20 million in January 2017, while a two-year-old went from $40 to $35 million.<ref name=Flight18jan2017>{{cite news |url= https://www.flightglobal.com/news/articles/analysis-gulfstream-g550-could-bow-out-in-2019-432888/ |title= Gulfstream G550 could bow out in 2019 |date= 18 January 2017 |work= Flight Global}}</ref> In May 2017, early 2003 G550s were valued at $14 million against more than $45 million for newly purchased aircraft, flying an average of 425 hours per year.<ref name=BCA27Apr2017>{{cite news |url= http://aviationweek.com/business-aviation/gulfstream-g550-priceperformance-sweet-spot-large-cabin-class |title= Gulfstream G550: Price/Performance Sweet Spot In Large-Cabin Class |date= Apr 27, 2017 |author= Fred George |work= Business & Commercial Aviation |publisher= Aviation Week Network}}</ref> In December 2018, a 2012-2013 G550 was valued $28-31 million, and cost $7,135 per hour for 400 hours a year.<ref>{{cite news |url= https://sherpareport.com/aircraft/costs-own-g550.html |title= The Costs to Own and Operate a Gulfstream G550 |date= Dec 6, 2018 |author= Nick Copley |work= [[SherpaReport]]}}</ref>

As it was replaced by the [[Gulfstream G600]] by October 2019, the G550 was kept in limited production for long-term special missions applications and government orders.<ref name=BCA23oct2019>{{cite news |url= https://aviationweek.com/business-aviation/pilot-report-gulfstream-g600-worthy-successor-g550 |title= Pilot Report: Gulfstream G600 Is A Worthy Successor To The G550 |date= Oct 23, 2019 |author= Fred George |work= Business & Commercial Aviation}}</ref>

The final commercially available G550 was delivered in June 2021 after more than 600 of the aircraft were produced.<ref>{{cite web |last1=Spruce |first1=Terry |title=GULFSTREAM DELIVERS FINAL G550 BUSINESS JET |url=https://www.corporatejetinvestor.com/news/gulfstream-delivers-final-g550-business-jet/ |website=Corporate Jet Investor |publisher=Specialist Insight |access-date=1 October 2022}}</ref><ref>{{cite web |url= https://www.ainonline.com/aviation-news/business-aviation/2021-07-02/gulfstream-g550-production-reaches-end-line |title= Gulfstream G550 Production Reaches End of the Line |publisher= AIN}}</ref>