The Gulfstream G450 market enters August with a favorable combination of declining inventory and strong recent transaction activity. Available supply has steadily contracted since the spring, while sales accelerated significantly beginning in April. With six-month sales representing a considerably larger share of the fleet than current availability, the recent numbers point to healthy buyer demand and an increasingly competitive environment for quality aircraft.
Fleet Size and Availability
There are currently 13 Gulfstream G450s available for sale, representing 3.7% of the fleet.
Inventory remained at 17 aircraft from February through April before beginning a steady decline. Supply fell to 16 aircraft in May, 13 in June, and 12 in July.
That downward trend is meaningful because it has occurred alongside increased transaction activity. Rather than inventory simply being withdrawn from the market, recent sales indicate buyers have been actively absorbing available aircraft.
Market Listings
Current asking prices range from $8.75 million to $17.8 million, reflecting the significant differences that can exist across the G450 fleet in model year, total time, maintenance status, engine programs, cabin condition, and overall pedigree.
Current inventory averages 112 days on market, compared with 161 days for aircraft sold during the past six months. The shorter DOM of today’s listings suggests much of the remaining inventory is relatively fresh compared with the aircraft buyers have recently purchased.
Sales Activity
There have been 22 retail sales during the past six months, including 6 off-market transactions, representing 6.3% of the fleet.
The monthly trend shows a clear acceleration. Only one aircraft sold in February and none in March before activity increased to four transactions in April and eight in May. Momentum remained healthy with four sales in June and five in July.
Altogether, 21 of the 22 six-month transactions occurred from April through July, demonstrating a significant improvement in activity during the most recent four months.
Key Takeaways
• 13 aircraft are currently available, representing 3.7% of the fleet.
• Inventory declined from 17 aircraft earlier this year to 12 in July.
• 22 aircraft sold during the six-month period, including 6 off-market transactions.
• 21 of those 22 sales occurred since April.
• July recorded 5 transactions following 4 in June.
• Current listings average 112 DOM, versus 161 days for recent sales.
• Asking prices range from $8.75 million to $17.8 million.
Key Insight
The G450 market has clearly gained momentum since the beginning of the spring. Sales activity has accelerated while available inventory has moved steadily lower, and six-month transactions equal 6.3% of the fleet compared with only 3.7% currently for sale. Perhaps most encouraging for sellers, this is not being driven by a single strong month, activity has remained elevated for four consecutive months. If that pace continues, buyers could find themselves competing over an increasingly limited pool of well-equipped, properly maintained G450s as the fall market approaches.
