Gulfstream expected to launch all-new G450 business jet

Gulfstream is expected to launch an all-new business jet in the category of a G450 when it hosts a customer event in Savannah, Ga., on Oct. 14.

The plane is expected to be positioned above the company’s current G450, but won’t replace it, Cowen and Co. aerospace analyst Cai von Rumohr wrote in a note to investors Thursday.

The plane “looks like a winner,” von Rumohr wrote.

It’s expected to be a clean sheet design of an aluminum aircraft with a slightly larger cabin capacity and longer range than Gulfstream’s current G450, von Rumohr wrote.

“These features will make it a more effective competitor to the Falcon 5X and Bombardier Global 5000 at a higher price than the G450; and since the new (business jet) isn't a direct replacement of the G450, its cannibalizing impact on G450 demand should be somewhat limited,” he said in the note.

Deliveries of the new G450 are expected to begin possibly near the end of 2015, von Rumohr wrote.

This story was originally published October 2, 2014 at 11:25 AM with the headline "Gulfstream expected to launch all-new G450 business jet."