$100,000 ABANDONED Gulfstream GIII At Auction... Did I Bid Too Much?
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- เผยแพร่เมื่อ 9 ธ.ค. 2022
- Today we try to buy an abandoned Gulfstream GIII at auction for CHEAP. This private jet has been sitting for years on end. Can it be saved? This plane is worth millions in nice condition, and these are available for just a small fraction of that. Will these engines start up and run after many years? Enjoy this video as I explore this abandoned plane.
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As a retired corporate pilot who is also a A and P. I have somewhere in the neighborhood of 4000 hrs of time flying the G- II and G-IV series so I have a little knowledge of theses beauties, as well as maintaining them.
Unless you own a few banks I’d never get involved in a project like this. Even though the engines have all sorts of time left in them, they will need to come off for other checks. All sorts of inspections will need to be done to the airframe, make sure all the AD’s are up to date and replacing all the missing parts. Let’s nit forget the APU as well. The list of things that need to be done before this thing can fly again is astounding. Just sat too long and with missing parts!!!
So,if you have a boatload if money sure, why not, go for it, otherwise. At ten grand it would make a fun toy. Anything more than that. Pass
Throw a set of brakes and tires on it. See what that costs. Just because it’s been sitting there are still things that need attention as everything on a aircraft is either, hours, landings or just plain time, as is days, months years related.
Oh sure it’s fun to think what if, but unless you have a substantial financial backer, don’t think I’d get involved .
Just my humble opinion, for what it’s worth.
If it fucks, flies or floats you're better off renting!
@@gulfstream7235 I'm gonna start using that quote now
Nobody wants a turbo jet; they’re even giving away GVs now.
Bet that thing would still fire up and fly as is!
@@gulfstream7235
I’m going to steal that phrase! 😂
It’s completely possible whoever took the avionics and logs, bid on the plane. Wouldn’t have been the first time I’ve seen it happen over the years.
Smart. That leading leading edge is easily repairable of replaceable Nice Cartel jet ✈️
I would be one of those mofo that would do that 😂
I used to hide it so couldn’t be accused of theft
Then if I bought it I know where it is
So always worth a look
I'd start looking at the guy who's short a ton on hanger/storage fees
@@jimardizoni3453 But he’s the one profiting from the auction, so why would he steal the logbooks so it’ll auction for less?
I'd put money on it that whoever topped out the bids either has the missing parts or knows who does. It's not uncommon for people to sabotage when they know it''s going to end up going to auction. I've seen it with cars, airplanes and houses. It's amazing how "lost" log books are found once a plane is sold off.
Wow, that's vicious! It is a dog eat dog world out there on this market. Man...
I worked for a company in the 80s that had several GIIIs in their fleet. I worked at the aviation facility and got along great with the crews. They had to do a milk run to pick up the CEOs briefcase…he left it at an FBO. They offered to take me with them, 30 minutes each way. I did it and it was fantastic. Felt like a real baller. If I ever hit the lottery…
awesome story!
Very cool story. Hell yeah, why not go. It’s only an hour times, you will never get an opportunity like that again.
Did anyone mention the contents of the briefcase? Pulp fiction perhaps?
My grandpa was the chief pilot for Conoco for decades. Back in the 90s, I used to get to fly on the Gulfstreams for free. I had no idea how cool it was until I got older.
The fact it had Black Rock seat pillow said to me who might’ve had the log books .
*BlackRock = Evil. End of story.*
Will cost around $3M to bring her back. Then the other major cost is to see which pilot is willing to risk their life for a test flight. It has to financially make sense. Still in the end a Gulfstream under even $5M used is fairly nice for the low frame miles and engines.
It sounds not too bad financially, but I'd still be scared a lot about material fatigue, micro-cracks, aging bolts, etc. It's easy to lose your life in general aviation.
Well, not wanting to pull up too steep here, but I'd risk it. I'd totally do the test flight. Yes, I'd have my rules, but I'd do it for these boyz. It's fun, it's logbook experience, and, think about it: Your wife and kids - even the tipsy polo club gang - will see you in a totally different light afterwards 😏
If there's one thing I would have learned in my not too short and certainly not too unsuccessful career, then it is this:
Sometimes, you just gotta do it and don't overthink 😌
...and hey; Oshkoshers will see you as a hero too then 😊
p.s.: Fair price for the G3 models shown here: I'd say quarter of a million, MAX 350k. Not more. Just a full-bearded aviation retiree's 2 cents here...
@@mick-berry5331 correct even a skilled metaurlist may over look such fatigue to the point of failure even years later. With the jet naturally expanding and contracting with every takeoff and landing.
@@Michael-gs2uq well said. I actually appreciate this.
I put it at 5m for inflation alone
When you opened that drawer with the wine bottle in it, the first thing that crossed my mind was that M on the linens looks like Maverick Transportation's monogram !! (Don't ask how I know, LOL). Reg confirmed it, as 888WE rang a bell in me as well. (Again- Don't ask.) Logs and history may be available through The Corporation Trust Company or CT Corp out of Wilmington DE. I'd think the buyers are (or did) look into that. If you're still interested in buying an aircraft with no available history/logs, you should know that parting it out will not be as easy (Think also: "Legal") as you may be thinking. Great vid. Thanks for bringing back the memories.
Wow no way! You're spot on
@@JRAviation It was operated for Black Rock Thoroughbreds, based on the logo on the pillow and the horse racing magazine.
UU
This is the first time I came across your channel and you gained my subscription the second you said that statement " We love all cars" You dont HATE on cars you dont have OR anything.. You love all cars... Thats how I feel a channel should be. All people like different things so its the best way to give a broad spectrum on cars to see!
Buying a Golfsteam 111 would always require donor planes so you can have your own parts readily available and a good service team as well. In your situation, I would have bought the one with the hush kits the other one for 124,000 quids and probably be on the lookout for more opportunities.
It's gonna cost you a ton of money 💰 to keep it flying again, if you want to have some peace I'd suggest you get a falcon 50 or 900ex and talk to the guys at Your friend with jets.
I work at Ontario Airport, it’s sat for a while and someone bought it a few months ago and is restoring it. It’s now in the hangar right next to where it was outside. When my co-worker and I moved it it was so hard to move as if the brakes were on.
And yes the other gulfstream that was parked next to it ended up hopping the wheel chock when the Santa Ana winds came through and they hit pretty good. The other one ended up getting sold (much worse condition) for I think 12k? And was chopped up and transported out. I have lots of pictures of it all chopped up
Dm me @jraviation1 on insta I'd love to hear more
They are actually overhauling the plane? 😳. They must have another parts frame somewhere.
I'm a brain surgeon and a pilot
I'd bet all the missing parts were in that hanger too! You just don't waltz onto the tarmac and "borrow" some parts off someones plane after 911! INSIDE JOB by some slick willy A&P tech.
If you look at the date on the bags of Cheetos you can get a good idea as to when it was last flown, or at least prepped to fly!
Can you guys do a video on what ended up happening to the cirrus and why you ended up getting rid of it? You never closed this loop.
😁
If I remember correctly they sold it because it was in high demand at flight schools and the price went way up.
Overhauling / HSI’s on RR Spey’s will cost you both a kidney.
@@michaelbooher339 that ain't no lie, and trying to use life limited parts without the logbooks is another big hurdle. That plane needed a complete inspection for airworthiness, the engines needed complete teardowns and overhauls, all the bearings would be shot. The avionics replacements for the Honeywell flight deck could have easily run a million bucks.....I don't see any money in a rebuilt G3 with no logs no matter how low the times are. Not a good aircraft to use for your first time flipping. Find something with some financial training wheels.....you know alot smaller downside when it all goes bad and you do the numbers and your in it a 100k more than what it's worth........ :-)
..yea, you never closed to loop, you poop. 💩
To answer your question @11:03 each Honeywell FMS on a G100 is about $150K so I would imagine similar price for a G300 FMS. With the ADCs and the SAS plus the autopilot computer gone, this plane need about a $1M in just avionics parts.
The guy who removed them works for the guy who bought the plane.
I have lots of GIII time. The US Army bought the last 2 GIII's made in 1987. We had bought the last 3 but ended up giving one to the US Coast Guard. We flew them all over the world. They were flown by US Army CW4's The last 2 tail numbers ended in 40 and 41. We were based out of Andrews AFB just outside of DC. They are both retired now and are out in the boneyard at DMAFB. One was Blue and White and the other was all white with a gold stripe. There is a youtube video called stories of the Boneyard which does a walk through of the all white one. These were the first jets the US Army ever had and now they have G V's
What did the army use them for?
th-cam.com/video/L1s-1nHdIgs/w-d-xo.html
@@jefferyepstein9210 trips to your island, obviously
@@jefferyepstein9210 Vip transport
@@codyhaynes5680
😂😂
Happy Holidays from Prescott Valley Arizona. When I was early twenties I clean planes for flight time. One Saturday a company Lear Jet came in. The executives vomited due to weather and drinking. My job was to clean the inside. Seats and carpet was simple to remove. Month later the pilots let me sit in the right seat while they tested the upgrades. They let me fly the Lear for a bit.
Three months late to this video, but as a former Air Traffic Controller, I've had the opportunity to 'work' a lot of different model Gulfstreams. Even the G159 turbo props. Always loved the styling of them. And the performance. Unfortunately, the per hour operating cost, is beyond most people's income level.
I'm sure there was a time limit on moving the aircraft, so you are absolutely right. The $345,000? bid was made by a couple of drunk men who did not understand the logistics in winning a public bid, and getting it back to FAA flying certifications. Removing wings to transport it makes the overhaul price go up too high for a practical investment. It's a shame the avionics were stripped out of the planne, as some instruments may have helped re-establish the log books. It is well know in the repo trade that no log books cuts the plane's value in half.
this is an example of an aircraft i'd like to see flying again, its gorgeous.
Beautiful Bird
If you have multi, multi millions, and wheelbarrows full of cash that you will never see again, you can do it. Nothing but money!!
I think you well anyway good luck
Imagine, if you were rich, you could just buy them and dump, whatever money into them to get them running again. We all have that favorite car or plane that we would do anything for. Especially knowing that it was only a certain number made and not that many still in good condition. You would want to bring back whatever it is to life, no matter the cost.
The problem with old, legacy aircraft is you have difficulty in sourcing for parts, and when you do find them they may not be cheap. Also old and cheap is not exactly a good combo for airworthiness.
A friend's company owned a Falcon 20. The interiors were ruined by something that leaked out under pressure while at altitude (I don't recall what it was.) The interiors that were replaced cost $178,000. That's a lot of money to invest in an old jet, but some of the execs loved the plane and insisted that the plane be saved.
My 2nd tour in the NAVY was working on GIII at andrews AFB, used by the NAVY CNO/and commandant of Marine core. awesome tour of duty. pure shore duty assignment never left the area. LOGBOOKS is a key Problem. Gulf stream has a COPY for a price. (at least for the NAVY the civilian liaison assigned to us had her own separate records), FYI the Engines are overhauled by Canadian company; at least ours was at the time. 100k great deal, without logbooks, it's a paper weight. good luck. I would try figure out who owned it last, try offer them Fair price for logbooks. they are FAA documents. would be crazy if they destroyed them. but it's worth shot in the dark. those cover are not kept on the plane only at their home base. Another TIP< If their low on FUEL they will tip too the rear cause the aft section to land on the ramp server damage, it is heavier, from what you showed of the wheel wheels. everything looks intact, if still has it's on board APU then still viable project. missing avionics is just that they can be found and replaced, that leading edge I Myself ordered one thru Gulfstream, for our A/c but the NAVY wasn't allowed to R&R it was considered major repair. The leading edge for us was gulfstream only authorized fix, had to fly to GA< so they can fix it. The gulf stream is in my opinion looks in good shape, got to love auction sniping up the price. those missing avionics are most costly setback, but engine logbooks can be redone, just cost of removal and sent off to have refurb, new books made. but GIII is nice investment if you have money to put into investment. good luck
I’m an A&P mechanic and absolutely NO! On the other hand, the idea about turning it into a set is interesting because you could destroy it in a crash scene without feeling to bad about it because ITS ALREADY DEAD.
I got a little sick to my stomach when you were showing and telling about the avionics. So, thanks for making the video. I liked and subscribed and look forward to more content from you.
I work for Collins Aerospace in Melbourne Fl, we still make those avionics and yes they are not cheap. The units will cost you over $30k and you need 2 of everything.
They are part of our Legacy products
I work at Collins in Foley Alabama what a coincidence lol
From what I've seen, here's the funny part- the big problems you found (big gash in wing leading edge for one) are actually not too bad/pricey to fix. The maintenance you mentioned, however.. Yeah, G's aren't cheap
(I tested at gulfstream for a while back)
Biting off more than you can chew comes to mind, you just saved yourself a lot of responsibility. 15 years with Gulfstream here.
Loved checking out that Gulfstream with you✈️ 🤍
Thanks for being my “co-pilot” that day ;)
I’ve been watching you on JR Garage for like 8 years. I didn’t realize you were deep in aviation
I worked with many private jets , and one pilot said to me . Looking after these things is like throwing millions of bucks into a bottomless pit .
Same for ships/boats. B O A T stands for "break out another thousand"!
@@carlinshowalter1806 Naw boats are cheap in comparison! Plenty of "jimmy-rigged" things you see on boats. Not so much on planes!
surface cracks make sure you give the fusalage a good check through before you pressurize that cabin
Yes story time !! All the fun none of the expense
Amazing video can’t wait to see the two planes you got
You saved yourself a huge headache. Too many issues just to part it out. This was a blessing to pass
I used to fly G3s for about 10 years. Marvelous airplanes. However, even if someone gave YOU $100,000 to take it away it still would never fly. I cant remember the last time I've seen one parked on a ramp on trips. It belongs in the desert...
Wow 10 years, that’s awesome!
Someone likely bought it as a parts bird to keep their G3 going. Probably a reasonable price for that use.
Especially since it came with snacks!
Smells like the other bidders already had G3s and they needed a good parts plane desperately (like just for the hush kits) to make their existing G3 make sense. Maybe? Otherwise... might make a good write-off. LOL
Bingo! Whoever spent this much money had a major reason to want it. Perhaps it was a former drug runners plane, and the money was hidden somewhere in the interior? 😂😂😂 But in all seriousness, someone definitely needed the parts.
@@ChrisJohnson-hk6es I'm in that business but for the small piston planes. When you're talking £5k for a Garmin 430, a couple of grand for an engine bearer and another few grand for a nose leg assy, it makes sense to buy one that has been written off by the insurance. You also end up with a load of parts to sell to other shops! It helps with the smaller planes that you can take the wings off and move them easily! I was scrapping an old Seneca 2 that had been a parts plane for a school and just the de-ice timer module made me £600! Look how much a fuel cap is for a PA28, around £150!
All the way through this video he kept saying how much the hush kits were, they alone would have made the deal worth it IF you needed a hush kit! Not sure how it works in the States with regards the 8130, we call it a Form 1 in EASA land or a certificate of release. Here the part would need to be inspected/overhauled by a licensed shop and signed off airworthy.
Thats what I was thinking
@@rogerblackwood8815 but a lot of times that equipment is outdated, doesn't fit in an alternate air vessel, and/or is just plain junk.
@@harpoon_bakery162 Outdated stuff is what we need most of the time! Your average flight school in the UK runs PA28's and C152 and C172's, most are over 20 - 30 years old! An O320 Lycoming and prop are pretty much the same in a Late model C172 as it is in my old 1967 Cherokee. Flight control surfaces etc are all the same, given a few model differences. We pulled an old PA28 out of the bushes at the back of an airfield thinking we would get some parts. It was in good enough condition to do a full overhaul and return to service! It took about 1000 man hours and new avionics etc. But it sold for a tidy profit, you just can't get enough old Pipers and Cessna aircraft for schools, the new plastic planes just don't do the job the old stuff does! The two schools I know well use mainly PA28 Warriors, apparently the customers prefer them to the C172's!
I think you mat be thinking about the avionics? They get ditched not as frequently as your mobile phone, but Garmin, Avideyne etc are always coming up with new tech to temp the owners to upgrade their kit, but the airframes, engines, and running gear remain mainly the same!
The missing avionics alone would have been a write off for me,Possibly too hard to get a hold of and would be in unknown working condition,Very risky and expensive!
Hi from the UK. I believe you did the right thing. With the way the world economy is heading! I believe there's going to be some crazy opotunities presenting them selves over the next 9 months . IT will be interesting to see what you Purchase and get a deal on :). Thanks for posting.
I used to worked on Gulfstream III's when I was in the Air Force for 7 years at Andrews AFB. It was a good aircraft to work on. They retired the GIII in Aug 30 2017 or 2018
A lot of times owners/operators will sell parts, or put them on another airplane that they used more. This one might have some other issue that cost more than the company wanted to spend. Could explain where the parts went.
In 2020 I looked at a Gulfstream three in Miami that was used by a Latin music artist and it was about a $500,000 & could fly but it smell like a discotheque inside. The inspections were all out of date probably another 300-500k to get it back compliant. So the price of 337k for that G3 was quite fair.
G3 are noisy & quite cold when you’re flying around 43 but it feels very solid because it’s a Grumman. I imagine you could put it out for lease and at least cover your cost to own it but it is an old plane noisy as hell and you’re always going to be wondering what else is going to break. This plane is strictly more of a demonstrator and something along that line rather than to think you should be using it as a private jet. There’s many better choices than a 550 gallon an hour drinking monster.
Love the GIII’s, flew them for many years as well, a handful are still flying in the US with hush kits. I would part it out if I can, recover the money and enjoy the process. Maybe sell the shell to a movie scene.
I saw a whole truck load of those lucid being shipped through my town the other day. Pretty cool since I doubt I will see many of them
I work a gulfstream and only have seen a few Glll come in but there tends to be a lot of underline problems that come with out of date equipment and electronics.
If what you said about the hush kits costing $800K0-$1M was true, then at 20% wholesale used, they would have paid for the final bid price. The rest of parting it out, minus storage, etc, would have been the margin. If the owners could have been identified, they might have had more to say at least about the logs if nothing else. Though sometimes logs are "lost" to avoid any liability to the former owners. Still much better you did not take the chance on what could have turned into a million dollar boondoggle. Looking forward to your next two acquisition renovations. Great video overall.
HUSH kits kill these older resell values !
@@tylerdiedrich1947 100%
Off the top, never invest in an aircraft that you're not sure can fly. I performed depot maintenance for DOD on several fighters. Even if you were able to get all the parts that were missing, you would have to replace ALL avionics and critical components. A true overall requires that everything is removed, restored, and replaced if necessary. Great buy on the Cessna. Enjoy.
I helped to build the newest Gulfstream plant in South Carolina 10 years ago. I know that has absolutely nothing to do with this but your right. Those planes were high $$$
That plane is a lot like me. From a distance it looks terrific. But the closer one gets, the older it looks.
I'm a twenty-footer myself!
Great content. What a dream it would be to get that G3 in the air again but owning a 182 and a 310R and what it costs me to keep them in the air I can’t even imagine what that would cost after all that time grounded.
Regarding the King Airs you mentioned, I personally would love to hear about them. My dream is to get a 350ER at some stage.
Thanks for the great work. 🙏
Used to fly GIII's. I think you're better off passing on this one. But, I did enjoy the video. Thanks.
Great video guys. The plane needs work but that’s the fun of it
For a moment, I thought I'd hear about the Gulfstream at LVK. The story I'd heard was it was kept in a hanger and when the bills weren't paid, it was pushed outside. Same deal, no covers, nothing. One of my customers at the time was an A&P and said it was apparently a part of a property settlement and being that it needed engine inspections, neither party wanted it so it sat. It sat for several years as well. Then one day it was gone. Never did know the answer.
What years did this all happen and was it painted pink with a cloud motief design up the tail? The airplane I'm thinking of was hangered on the south side in one of the larger hangers near the lab. I believe it was a G2. The company that managed it was called Continental Aviation Services. But this was all back in the late 80s.
@@davidsine4390 If you are referring to the LVK plane, idk when it started but it was parked next to the fire station on the Airway Blvd side of the airport and was there probably starting in 2017?
@@ian408 Yes, I was referring to your post about the LVK plane, but I don't beleive it was the same G2 I'm thinking of.
If you could have gotten it for $50k, I would have definitely parted out what I could, and kept the fuselage for a man cave/outside shed!
When I was a kid I watched Don Love a jet broker take off in a citation that had set for a long long time behind a hanger. He tinkered with if for a short while then fired it up and down the taxi way. He got if off the ground and flew it to another airport gear down.
There's a guy here on TH-cam ("Rebuild Rescue") who got a 1969 Cessna 401A (twin-engine piston) for free. Catch? Hasn't been flown in 15 years, sat on a tarmac in Pennsylvania in the elements all that time and became a home for birds and rodents. Paperwork/logbooks missing, etc, has FAA AD's that need to be done, etc. He thinks he's gonna restore it. He'll be in at least $500,000 (mostly from a GoFundMe and revenue from the videos/sponsors) just to make it airworthy again. Doing it under the guise of charitable angel flight missions for vets and sick people. Wouldn't trust my worst enemy's life in that thing even it it's been 100% rebuilt.
Yeah that whole story sounds fishy, nice way to get the money upfront.
Thanks for the sober financial analysis. It's a breath of fresh air compared to some of the TH-cam fools who make bad decisions and then scam people into donating to some vague (probably false) altruistic scheme.
@@ryanthomas2472 what makes you say that?? 😉 Actually I was for a while until it became a total grift
Are you referring to Rebuild Rescue with the Donations of $200,000?
N888WE has an FAA certificate as of 2023-02-25, so someone spent the time and money to get it flying again.
Worked for Gulfstream for 35 years. Would be cheaper to buy a 2022 G700 than doing a rehab on a GIII with missing avionics. This is a great buy for parts however. Or maybe demate the wings and turn into a restaurant.
I can’t unsee Screech from original “Saved by the Bell.”
You should check out a pc-12 from 1996-2000's. Great chance to flip.
At $330K I would guess that either the guy that took the logs and avionics bid on the plane to get it back cheaper than paying the storage fees... or..... it was someone with another GIII or 2 that needed parts this one had to get theirs running for a considerably cheaper price.
I've watched a plane similar to this Gulf Stream stored at the PDX airport for years (it too has hush kits) . The ground crew move it around the apron, it gets washed and presents well, but it's a 1966, I don;t think it can fly, And because of cost getting the certificates up to date, and the fact that spare parts aren't available, it may never fly again,. If you can get an aircraft such as the Gulfstream air worthy, they usually sell to the narcos, and are usually found abandoned later on.
There was a jet that landed on a airstrip in the middle of nowhere (Kansas) some years ago, unloaded and left for dead. Runway was too short for it to take off again after the DEA got ahold of it.
@@carlinshowalter1806 Marine boat brokers mention that newer, large fishing vessels have been found abandoned. It gives some idea of what the profit margins might be.
Well if someone had a G3 and needed a hush kit plus other parts. They got a great deal and saved a ton of cash.
She just needs cleaned up, checked from top to bottom, engines checked and primed and slowly started and ran for a bit and as long as no issues then get her ready to get airborne again 😊👍❤️
That was probably someone who has a G3 already and wanted that one for parts to keep their personal G3 flying. The private aviation market is still hot following covid.
Yessir agreed!
The highest bidder probably bought it just for the Hush Kits alone.
I would look for a good clean Embraer Phenom 300E. No, it's not a Gulfstream, but it is a very popular business jet designed to offer exceptional performance, comfort, and efficiency for a wide range of travel needs. Just a thought!
If I had 100k, I would buy Motherboards-CPU's High-End Ram KIts and GPUs and flip until the wheels come off. I would turn that into a Mil in a year with the market the way it is now and It will be for the next 5 years.
Depending on overall condition. Getting it Certified Airworthy could run you at Least $500k minimum.
Probably need to triple that (at least)!
I don't care what anyone says, that Lucid mis-matched interior is ghetto.
Almost as ugly as Bugatti
The boneyards are full of hugely expensive jets that became too expensive to maintain. The GIII is one of them.
Waiting for next video on this gem.. love from India
He had me at the missing avionics , that was the deal killer even before the wing damage. For that reason I’m Out ( my best Mark Cuban )
Haha.. great comment!
@@FlyingJournalism had to fix it to get the Mark Cuban line right.
Doesn't look like it was mothballed so bird and rat's nests abound. It wouldn't take long to reach the point of diminishing returns on this one. Can't imagine what the ramp fees would be.
Lots of nice boats end up like this too. Dry dock fees can eat your lunch very quickly. Boats don't store well outside either without expensive care.
I think that G3 was at Lonestar Airport in Texas while I was there. I think I did the Cap-Angle replacement on that AC when it got the Aviation Partners winglet mods and spar updates. LMK if you decide to buy it.
Thank you for sharing...
Yeah as an actual aircraft broker, that thing is worthless without logs. Period. For what it would take to bring up to current, no one would go for it. And just so you know, when it went for sale and then came "off market" in 2017 it had an asking price of $3.5M.
Woah! $3.5 million! I wonder is the buyer secretly has the logs or access to then?
Agreed. No logs equals a dead ship, at least outside of the third world. Plus there virtually no value in the engines either as there’s no proof they were pickeled IAW manufacturer procedures(and I’m sure they weren’t)
Any idea why they left it to sit there?
@@OOpSjm After it's last flight from Columbia,it had served it's purpose and was no longer needed. 😉
What do you think the buyer intends to do with it? Spare parts? I don’t even understand how they will transport that out, assuming they’d have to clip the wings.
I work next door at UPS ...always wondered what happened to those planes... Hope they went to a good home...they've sat for year's!
Small world!
@@JRAviation Guess what? .... As of today, 08 /03/23 that planes parked out there again...🤔... Super weird
Cant believe how much those hush kits are.. Just WOW... When you look at the picture it looks pretty simple.. The design.. I may be mistaken since Im not an airline specialist .. But WOW ...
The second one was shown as a Gll not a GIII on the spec they put out Couldn't see the outside enough to tell. flew the G2 G2B Glll and the GIV type rated on all. The G2b was a g11 with a g3 wing
I would've bowed out @ $100k, no way in heck over 300k
As a current G3 pilot with experience trying to get a G3 airworthy after it sat for years Rolls Royce will never sign off on even ferrying that plane without pulling those engines for a full inspection! That cost would likely be $400,000 per engine. My plane just went thru 72 month at a total cost of $550,000. Good luck!
There are always dreamers ...
Damn ! I guess I’ll stick to building classic motorcycles, $550k ! Damn ! Sorry, I mean I love aviation in general and completely understand a lot of it having had a year of A+P school, but the price of flying now has just crushed my dreams even further. Stay safe ✌️🇺🇸
My understanding, last I looked, you don't need the manufacturer's blessing for a ferry flight -- you need an A&P with adequate knowledge of the specific aircraft/engines.
@@markg4459 you need a sign off by the engine maker and aircraft maker if the aircraft has sat for extended period of time!
Like a person here said, "just the inspections and A/D requirements will cost ten times your 100k, if you're lucky. Run Forest Run!
Its worth $300k because its now a AIRBNB. People will pay to stay in one.
What the hell? Man I havent seen you in almost a decade. I didn't know you were around. I was only into cars by the time I saw you at first but now a pilot...go figure. Despite your controversies its cool to see you still on the grind, respect.
They've been selling a lot of lemonade over the years.
@@papasmurf986 Exactly the controversy I refer to 😂
I wouldnt make a big deal of it, I wasn't that good in my teenage years either.
I think it would be eventually profitable if it cost $1
And now seeing the inside avionic parts 😊
The Elvis Jet Star sold for around that. "Jimmys World" you tube bought. Cost to get it flying.. Millions!
Any aircraft that sits for that long is going to start to leak fuel, oil, hydraulic fluid, kind of like the F-4 when it stops leaking it's out of fluid. I didn't see any puddles in the pictures and the tires are inflated. Either someone has been looking in on it and doing minor service, or this is a scam. I was working in JAX when Eastern went under. Two DC-9's sat on the line for over 60 days. Both had huge puddles under them and flat tires. Eventually a contract company came in serviced them, started engines and they flew away, total time sitting was probably six months or less. FLY NAVY!!!
Isn't the Navy a small part of the Marine Corps ?
@@grumpycat4584 The marine corp falls under the department of the Navy. Another acronym for Marine is My Ass Rides In Navy Equipment. FLY NAVY!!!
@@USNveteran I'm seventy-one, and I never heard that one. Merry Christmas , Navy.
@@grumpycat4584 I'm 66 & worked with quite a few Marines when I was in. There were always some interesting acronyms thrown around. Merry Christmas to you as well Marine. FLY NAVY!!!
@@grumpycat4584 I must have had a senior moment, meant to include this as I am sure you are a Nam vet. A long overdue WELCOME HOME to you my friend. I worked with many Nam vets when I was in one guy was even Korea & Nam. They were all a great group of people and I feel privileged to have been able to have worked with them & learned from them. FLY NAVY!!!
There's tons of great planes out there jets.
Without losing a leg and arm..
Auctions mean one thing, they get their cash upfront.
Your stuck with their junk.and headaches.
Most auctions only beneifit the auction co. They are the only 100% profit makers.
Someone is going to either keep their plane operational or make a chunk of change. Aircraft interiors are wildly expensive, the hush kits, the engine or cores, not sure about an apu. Winglets, comms,etc.. if you had a place to store it and time you can make some money on it or keep yours refurbed and flying.
Nice one 👍 you just avoided going broke😎
“DANGER WILL ROBINSON…….. “DANGER WILL ROBINSON……..”
550 gallons of gas a hour damn
It burns 2.7 tons of fuel to take off and climb to cruising altitude.
And I thought my big block Camaro was bad!
Absolutely Love the Lucid! Beautiful Car!
Right on!
Yes I believe in you. Onward 🌈 with prosperity and more. Absolutely Fabulous.
Pilot and aviation enthusiast. I agree that Gulfstream airplanes are a work of art. However, aviation must do its part to help repair the environment. Old, noisy, smoke generating and fuel guzzling airplanes should be scrapped in an environmentally friendly way. I love vintage aircraft but I love the only planet we can live on even more.
Oh brother….👎
Merry Christmas from Sydney Australia.
Disappointing when you put a large amount of time and money into a
'feasibility study' costing and estimates, such as returning the jet to the sky.
Hey look on the bright side!!!
🌟
🌲
Planes are so much cash! Someday I will take a licence and do some flying. It’s cool that you are already living your dream.
That's amazing. Is there any kind of website I can check for an abandoned private jet? Please let me know when you find a cheap jet for sale. Thank you.
Cool to see someone else from AZ. I’m from SDL too but fly out of KIWA with UND