Gulfstream G550 | GV-SP | GLF5, M-CHEM. The G550 (GV-SP) with improved engines received its FAA type certificate on August 14, 2003. In 2014, Gulfstream looked at a re-engine with the Rolls-Royce Pearl BR700 development announced in May 2018 for the new Global Express 5500 and 6500 variants but preferred the BR725-powered, 7,500 nmi G650. The 500th Gulfstream G550 aircraft was delivered in May 2015. As it is replaced by the $54.5 million Gulfstream G600 with a lower range but with a better cabin and cockpit, faster long range cruise and lower fuel burn, it could leave production in 2019. Deliveries went from 50 aircraft in 2011 to 19 in 2016 and with 40 units for sale in a fleet of 540. Its valuation 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. In May 2017, early 2003 G550s are valued $14 million against more than $45 million new, flying an average of 425 h per year. In December 2018, a 2012-2013 G550 is valued $28-31 million, and it costs $7,135 per hour for 400 hours a year. 🛬🛫🛬🛫🛬🛫🛬🛫🛬🛫🛬🛫🛬🛫🛬🛫🛬 🛩 Aircraft Manufacturer: @gulfstreamaero. 🛩 Aircraft Type: GV-SP | GLF5 | G550. 🛩 Aircraft Registration: M-CHEM. 🛩 Route: TVSC - TNCM. 📍 Location: Princess Juliana Int’l Airport | SXM. 📆 Date: 2/3/2023. 📸 Photo Captured by: © Franklyn Wilson @beeksphotos. 🛬 🛫 www.linktr.ee/beeksphotos 🛫 🛬 #avgeek #tncm #instagramaviation #ilivewhereyouvacation #instagood #teamaviation #aviationlovers #corporatejets #businessjets #travel #aircraft #avporn #bizjets #aviationphotographyphotos #sintmaartenphotographer #privatejets #passionpassport #avgeekphoto #jetphotos #planespotting #aviationdaily #aviationphotography #hampshireaviation #gulfstream #gvsp #g550 #mchem #232023 #beeksphotos #swipeleft (at Princess Juliana International Airport Sint Maarten) https://www.instagram.com/p/Cowx5xMO6Dn/?igshid=NGJjMDIxMWI=