Gulfstream G-III Ownership Overview
From its inception, the Gulfstream G-III has made a name for itself, starting as the first business jet to fly over both poles. This heavy jet has a further range and increased payload capacity than its predecessors, while sitting at a cheaper price point than competition. Those looking for a jet which will provide them with a luxurious flight across thousands of miles will do well looking into a Gulfstream G-III for sale.
Gulfstream G-III Cabin Experience
The Gulfstream G-III is capable of transporting a maximum of 12 people and 2 crew members. The aircraft includes a lavatory at the end of its 40ft long cabin, inside the 80ft long fuselage. The sides of the cabin, similar to that of many other Gulfstream aircraft, provides indentations right where passengers’ shoulders rest so that they have more space while seated, to provide them with maximum comfort.
Total cabin space is more than 1,300 cubic feet, with roughly 830 cubic feet of that dedicated to passenger seating, comparable to the more advanced Gulfstream G-IV. Typically each passenger has 70 cubic feet of space to themselves. The height of the cabin is over 6ft tall, and the width is over 7ft. The entry door is over 5ft tall and baggage receives just under 160 cubic feet of room all in an internal location.
Gulfstream G-III Mission Profile
Customers who buy a Gulfstream G-III are those looking for a cabin interior and range capability similar to that of more advanced versions in the family, but at a fraction of the price. This heavy jet is also incredibly reliable as all operating systems on board have a backup, providing flyers with a strong sense of security.
Like others in its family, the Gulfstream G-III is a popular choice for military branches throughout the world. Its durability and reliability during operations in vastly different environments proves the impressive capability on any mission type.
Buy or Sell a Gulfstream G-III with evoJets
Are you interested in Gulfstream G-III ownership? evoJets can help. Don't waste hours on public listing engines with outdated photos, vague information, and placeholders for prices.
Our experienced reps can wade through the fragmented Heavy Jet Sales market and help you buy, sell, trade, or lease your Gulfstream G-III with efficiency. With over a decade of experience in business aviation charter and ownership, we have the off-market aircraft sales connections and industry knowledge to put you on a path to success.
Call evoJets today and speak to an aviation expert: (877) 970-5387.
Gulfstream G-III Cost to Own
Acquisition cost for the Gulfstream G-III typically ranges from $1-$1.2 million, two to three times less than that of competition such as the Challenger 601 and Falcon 900, respectively. When factoring in market depreciation, this jet has the highest annual cost of its competition at around $3.1-$3.3 million.
Gulfstream G-III Operating Cost
Gulfstream G-III direct operating cost is around $5,400 per flight hour, higher than that of the Falcon 900 (around $4,100-$4,200) and the Challenger 601 ($4,600-$4,700). These rates include fuel burn and various maintenance, crew, and operating fees.
Annual fixed cost for the Gulfstream G-III falls in between that of the Challenger 601 and Falcon 900 to around $926,000-$928,000.
Gulfstream G-III Performance Overview
The Gulfstream G-III is a top seller for many reasons. Its versatility, rugged performance capability, and luxury that only Gulfstream knows how to bring to the table, at a fraction of the price, will catch the eyes of those looking for a private jet for sale.
Gulfstream G-III Engines
The Gulfstream G-III is equipped with two Rolls Royce SPEY 511-8 engines with standard thrust reversers and 11,400lbs of thrust. The Gulfstream G-III has a max cruise speed of 500kts, comparable to that of the Falcon, and faster than the Challenger.
The aircraft can land and takeoff in the following field lengths:
- FAR-91: 2,650ft
- FAR-135: 3,313ft
- FAR-121: 4,417ft
Gulfstream G-III Payload
Max payload for the Gulfstream G-III is 4,500lbs and can carry that capacity nearly 3,340nm. The Falcon only surpasses the distance by about 200nm, whereas the Challenger 601 falls short in both areas.
Gulfstream G-III Range
At long-range cruise, the Gulfstream G-III has a range of roughly 3,650nm with a typical passenger load. The Falcon 900 has the ability to fly more than 200nm further under the same parameters, while the Challenger 601 falls short of both jets.
Gulfstream G-III Specifications
| Gulfstream G-III General Info | |
|---|---|
| Aircraft Class | Heavy Jet |
| Aircraft Manufacturer | Israel Aircraft Industries (IAI) |
| Aircraft Year of Manufacture | 1979 - 1986 |
| Gulfstream G-III Financial Data | |
| Acquisition Cost | $945,000 - $1,155,000 |
| Variable Cost | $4,863 - $5,943/hr |
| Annual Cost | $2,822,726 - $3,449,998 |
| Fixed Cost | $92,665 - $833,987 |
| Market Depreciation | $71,000 |
| Retail Charter Rate | $4,800/hr |
| Average Charter Net | $-253/hr |
| Gulfstream G-III Performance Data | |
| Fuel Burn | 550 gal/hr |
| Max Cruise | 500 kts |
| 135 Landing | 3,313 ft |
| 135 Takeoff | 3,313 ft |
| 91 Landing | 2,650 ft |
| 91 Takeoff | 2,650 ft |
| 121 Landing | 4,417 ft |
| 121 Takeoff | 4,417 ft |
| Max Payload | 4,500 lbs |
| Basic Operating Weight | 39,500 lbs |
| Max Takeoff Weight | 69,700 lbs |
| Gulfstream G-III Cabin Details | |
| Cabin Dimensions | 41'3" x 7'3" x 6'2" |
| Cabin Volume | 1844 |
| Seat Count | 12-16 |