page_title: Gulfstream V
section_title: Development
hierarchical_section_title: Gulfstream V / Development
caption_attribution_description: English: Donald Keller with Gulfstream V model during winglet flutter investigation.
context_page_description: The Gulfstream V is a long-range, large business jet aircraft produced by Gulfstream Aerospace, derived from the previous Gulfstream IV. It flies up to Mach 0.885, up to 51,000 feet and has a 6,500 nmi range. It typically accommodates four crew and 14 passengers. It first flew on November 28, 1995, and entered service in June 1997. It is used by the US military under the designation C-37A. It is followed by an improved version, the Gulfstream 550.
context_section_description: In the early 1990s, the Gulfstream V (GV) was developed as a response to the Bombardier Global Express.
  It was certified on April 11, 1997.
  Capable of flying up to 6,500 nmi (12,000 km), it rolled out in 1995 and was Gulfstream's first ultra-long range business jet. Total production of the Gulfstream V was 193 aircraft.
  By 2018, 1997-1999 Gulfstream GVs were trading at $8.8-10.25 million.
  By 2019, a GV was worth around $10 million: below $6 million for a fixer to less than $13 million for a late model low-time aircraft.
caption: Model in wind tunnel
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