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.
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…
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.
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.
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!
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.
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.
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.
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.
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 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
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.
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.
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
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.
@@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........ :-)
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.
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...
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.
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.
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
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.
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)
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!
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.
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.
@@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!
Thanks for the sober financial analysis. It's a breath of fresh air compared to some of the RUclips fools who make bad decisions and then scam people into donating to some vague (probably false) altruistic scheme.
There's a guy here on RUclips ("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.
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.
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.
At 8:10 the satellite view strangely shows shadows of the horizontal stabilizers but actual stabilizers are nowhere to be seen. Interesting too that the inlets for the engines are offset from one side to the other.
Unless you are a absolute multi millionaire and have a mechanic who has experience on the G-1159A stay away. The fuel consumption is extremely high and parts are hard to get. Even if you have stage III hush kits their are still airports that don’t allow these to get in due to neighborhoods that complain. I have two GIII I have had at my FBO and the owners love them but of course at a fuel burn or 6,500LBS the first hour. On top you want a A/C model and not D/C model of the GIII. (After usually 83 if not mistaken) Later years. Great airplane and stunning but not for everyone and a thirsty bird. Cheap to buy but costly costly costly to operate
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.
Without logbooks and maintenance records this poor old bird is not worth much. I have over 40 years experience maintaining and flying Gulfstreams and would never consider buying this one.
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.
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!
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.
Having flown the 47, as well as multiple sail and motor plane types for a little over 25,000 flight hours and with a deep fascination for pre-owned Gulfstream G3 and G4 aircraft, I've found the insights in this video particularly intriguing. Being retired now, but having spent years in aviation, I appreciate the complexity these aircraft bring to the table. While some commenters express hesitations, I believe there's potential in these projects. With a willingness to invest up to USD 250,000 for each plane, I'm optimistic about the value they could offer. It's a thrill to see the aviation community discussing these prospects, and I remain upbeat about their possibilities.
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.
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
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 $$$
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.
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.
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)
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.
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.
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!
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.
Someone with knowledge might be interested in just the engines, but you with zero knowledge would be crazy to buy it :) Always be weary of old high dollar items, that was once crazy luxury but is now just a contract for massive losses. Just look at that cast iron junk room they call avionics. Endless old garbage units that are borderline irreplaceable and gatekept by people all too comfortable with making up high prices for you to pay. If you had to dabble in jets, you could try to find an early Phenom 100 but they are so popular that it's not going to be easy. The problem with the current selection of jets is that none of them are built cost effective. I heard from a jet operator that Embraer Phenom make the best financial sense and anything else is just much more expensive. Phenom 100 is something like 4miles per gallon which is probably close to a Baron. If you don't charter and only fly yourself, maybe the service is moderate. But you are looking at 2.5mill on a good day. Newer fresher gear is just so much nicer than 1983. Old expensive has constant ick. It's a garbage dump with a million dollar annual upkeep. It's a hell no. BUT what you might do is buy a Phenom and sell fractional ownership for your local airport if there are people enough around. Say you sell 3 parts at 750grand a pop, you almost get your part for free in return for you managing the plane, make sure it always works. You could have a pilot for it but that's a very different fixed cost thing. Maybe you can find local pilots willing to step up on rare occasion to fly owners. Maybe Owen would think it's cool :)
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!!!
@@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!!!
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 used to work for a company that did the interiors on private jets. I was a cabinetmaker for them. All of the cabinets, tabletops, etc. are made of a very lightweight phenolic honeycomb panel that has been veneered. It was interesting work and very ,very expensive. I worked on a couple of Gulfstreams in the late 1990s. An interior like the one shown in this video was over a million dollars. Nothing on an airplane is cheap.
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?
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 😊👍❤️
It's worth it to buy g3 that cost 100 K to 200 k . Aquiring spare parts it's easy in USA since you can purchase another grounded g3 with less than 100k and get all the spare part needed. You Will end up getting cheap gulf stream airworthy. You can also Renting it with cheaper rate and get more costumers and return your money in less than 6month.
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.
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
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.
I am willing to bet the same person bought both. You would have one that has everything needed in apparent working condition but needing the very important hush kits and you have the other which is missing lots of avionics BUT has the 800k hush kits. You can then use the 300k plane as a parts bin to refit the 120k one that didnt have hush kits. You could probably do a total interior swap too.
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. 🙏
That's more than I would have thought it would sell for. It would be uneconomical to get that thing flying again. Just fixing the leading edge would likely be as much as you paid for the airplane. Even though it's in pretty good cosmetic shape, the missing parts, needed servicing, and repairs make this a parts plane. I don't know if it applies to the GIII, but some of the later Gulfstreams had an AD on the tail for corrosion issues and it's a huge repair if it needs fixed. this airplane is likely full of hidden nasty surprises that will be eye wateringly expensive to fix. There's that old saying with Ferraris that if if you can't afford a nice one, you definitely can't afford a cheap one and this principle goes double for airplanes. It's usually worth it to just pay up and buy a nice one rather than trying to polish a turd. Private plans can be very expensive to keep and repair and a Gulfstream is basically at the top of the heap in just about every way. Big, comfortable, powerful, fast and capital "E" Expensive. Just for perspective, single engine Cessna's, Pipers are about like a Ferrari to maintain and keep running. Turbine powered (jets and turborops) are way worse; at least 10X what a small single engine plane costs. Source: 20 years in the industry as a pro pilot, dad flew Gulfstreams for an oil company.
Looks kinda familiar… flew on Pennzoil’s Gll’s in the late 80’s and early 90’s … I don’t know what happened when Shell purchased them… also had a new (at the time) Challenger … seating for 10 and it was fly-by-wire … pilot’s preferred the old G-2 controls
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.
The problem is there is a lot of noise regulations now in pace that won't let a G3 fly into anymore. Like I think KTEB doesnt allow G3s anymore due to noise restrictions. Also the airframe get to a time that theyre just not worth it anymore. Like once you hit 20000 hours on one the checks are so involved to keep it airworthy that's often more than the price of the plane and not worth it.
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.
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.
Better yet, the market price for Aluminum is $1.25 or so per pound. That is the real value of this GIII ,,, owned several as an operator and over 1500 hours in them.
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.
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.
Possibly a parts buy? For an existing G3 owner. Not necessarily a US based owner at that. But if it was going to be a restoration project. I've seen people spend many $100,000's and multiple years to do up planes. Ok, most of those have been WW2 era bombers and Spitfires. But I couldn't imagine the process being too much different.
The question is very easy to answer once again.if you have the cash it makes no deference the price as you know cash is nothing to very wealthy people.😅
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! 😂
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?
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...
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.
N888WE has an FAA certificate as of 2023-02-25, so someone spent the time and money to get it flying again.
Amazing!
Seems actually worth it to get an aviation engineering degree and flip these jets.
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?
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!
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.
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
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.
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!
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 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?
ruclips.net/video/L1s-1nHdIgs/видео.html
@@12yearssober trips to your island, obviously
@@12yearssober Vip transport
@@codyhaynes5680
😂😂
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.
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.
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.
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. 💩
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.
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!
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
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%
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
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.
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!
The Elvis Jet Star sold for around that. "Jimmys World" you tube bought. Cost to get it flying.. Millions!
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)
The fact it had Black Rock seat pillow said to me who might’ve had the log books .
*BlackRock = Evil. End of story.*
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!
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.
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!
Thanks for the sober financial analysis. It's a breath of fresh air compared to some of the RUclips 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?
Biting off more than you can chew comes to mind, you just saved yourself a lot of responsibility. 15 years with Gulfstream here.
There's a guy here on RUclips ("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.
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.
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’ve been watching you on JR Garage for like 8 years. I didn’t realize you were deep in aviation
At 8:10 the satellite view strangely shows shadows of the horizontal stabilizers but actual stabilizers are nowhere to be seen. Interesting too that the inlets for the engines are offset from one side to the other.
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!
Unless you are a absolute multi millionaire and have a mechanic who has experience on the G-1159A stay away. The fuel consumption is extremely high and parts are hard to get. Even if you have stage III hush kits their are still airports that don’t allow these to get in due to neighborhoods that complain. I have two GIII I have had at my FBO and the owners love them but of course at a fuel burn or 6,500LBS the first hour. On top you want a A/C model and not D/C model of the GIII. (After usually 83 if not mistaken) Later years. Great airplane and stunning but not for everyone and a thirsty bird. Cheap to buy but costly costly costly to operate
Very true
What do you mean A/C vs D/C? Can you explain that?
You saved yourself a huge headache. Too many issues just to part it out. This was a blessing to pass
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.
surface cracks make sure you give the fusalage a good check through before you pressurize that cabin
Without logbooks and maintenance records this poor old bird is not worth much. I have over 40 years experience maintaining and flying Gulfstreams and would never consider buying this one.
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.
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!
Having flown the 47, as well as multiple sail and motor plane types for a little over 25,000 flight hours and with a deep fascination for pre-owned Gulfstream G3 and G4 aircraft, I've found the insights in this video particularly intriguing. Being retired now, but having spent years in aviation, I appreciate the complexity these aircraft bring to the table. While some commenters express hesitations, I believe there's potential in these projects. With a willingness to invest up to USD 250,000 for each plane, I'm optimistic about the value they could offer. It's a thrill to see the aviation community discussing these prospects, and I remain upbeat about their possibilities.
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.
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
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!
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 $$$
Loved checking out that Gulfstream with you✈️ 🤍
Thanks for being my “co-pilot” that day ;)
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.
Yes story time !! All the fun none of the expense
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.
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!
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!
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.
Someone with knowledge might be interested in just the engines, but you with zero knowledge would be crazy to buy it :)
Always be weary of old high dollar items, that was once crazy luxury but is now just a contract for massive losses. Just look at that cast iron junk room they call avionics. Endless old garbage units that are borderline irreplaceable and gatekept by people all too comfortable with making up high prices for you to pay.
If you had to dabble in jets, you could try to find an early Phenom 100 but they are so popular that it's not going to be easy. The problem with the current selection of jets is that none of them are built cost effective. I heard from a jet operator that Embraer Phenom make the best financial sense and anything else is just much more expensive. Phenom 100 is something like 4miles per gallon which is probably close to a Baron. If you don't charter and only fly yourself, maybe the service is moderate. But you are looking at 2.5mill on a good day. Newer fresher gear is just so much nicer than 1983. Old expensive has constant ick. It's a garbage dump with a million dollar annual upkeep. It's a hell no. BUT what you might do is buy a Phenom and sell fractional ownership for your local airport if there are people enough around. Say you sell 3 parts at 750grand a pop, you almost get your part for free in return for you managing the plane, make sure it always works. You could have a pilot for it but that's a very different fixed cost thing. Maybe you can find local pilots willing to step up on rare occasion to fly owners. Maybe Owen would think it's cool :)
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!!!
Absolutely awesome plane dude but this plane is for Black rock. If you don’t know what black rock is, look it up.
Amazing video can’t wait to see the two planes you got
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.
Depending on overall condition. Getting it Certified Airworthy could run you at Least $500k minimum.
Probably need to triple that (at least)!
I used to work for a company that did the interiors on private jets. I was a cabinetmaker for them. All of the cabinets, tabletops, etc. are made of a very lightweight phenolic honeycomb panel that has been veneered. It was interesting work and very ,very expensive. I worked on a couple of Gulfstreams in the late 1990s. An interior like the one shown in this video was over a million dollars. Nothing on an airplane is cheap.
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.
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 😊👍❤️
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!
It's worth it to buy g3 that cost 100 K to 200 k . Aquiring spare parts it's easy in USA since you can purchase another grounded g3 with less than 100k and get all the spare part needed. You Will end up getting cheap gulf stream airworthy. You can also Renting it with cheaper rate and get more costumers and return your money in less than 6month.
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
Would be almost like buying the Elvis Jet.
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.
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.
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
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!
The highest bidder probably bought it just for the Hush Kits alone.
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 am willing to bet the same person bought both. You would have one that has everything needed in apparent working condition but needing the very important hush kits and you have the other which is missing lots of avionics BUT has the 800k hush kits. You can then use the 300k plane as a parts bin to refit the 120k one that didnt have hush kits. You could probably do a total interior swap too.
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.
Looks cool, we used to have a GV and 4 to play with, fun planes.
We used the old crystalware at home.
I think it would be eventually profitable if it cost $1
That's more than I would have thought it would sell for. It would be uneconomical to get that thing flying again. Just fixing the leading edge would likely be as much as you paid for the airplane. Even though it's in pretty good cosmetic shape, the missing parts, needed servicing, and repairs make this a parts plane. I don't know if it applies to the GIII, but some of the later Gulfstreams had an AD on the tail for corrosion issues and it's a huge repair if it needs fixed. this airplane is likely full of hidden nasty surprises that will be eye wateringly expensive to fix. There's that old saying with Ferraris that if if you can't afford a nice one, you definitely can't afford a cheap one and this principle goes double for airplanes. It's usually worth it to just pay up and buy a nice one rather than trying to polish a turd. Private plans can be very expensive to keep and repair and a Gulfstream is basically at the top of the heap in just about every way. Big, comfortable, powerful, fast and capital "E" Expensive. Just for perspective, single engine Cessna's, Pipers are about like a Ferrari to maintain and keep running. Turbine powered (jets and turborops) are way worse; at least 10X what a small single engine plane costs. Source: 20 years in the industry as a pro pilot, dad flew Gulfstreams for an oil company.
Boats are another money pit.
“DANGER WILL ROBINSON…….. “DANGER WILL ROBINSON……..”
Looks kinda familiar… flew on Pennzoil’s Gll’s in the late 80’s and early 90’s … I don’t know what happened when Shell purchased them… also had a new (at the time) Challenger … seating for 10 and it was fly-by-wire … pilot’s preferred the old G-2 controls
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.
The problem is there is a lot of noise regulations now in pace that won't let a G3 fly into anymore. Like I think KTEB doesnt allow G3s anymore due to noise restrictions. Also the airframe get to a time that theyre just not worth it anymore. Like once you hit 20000 hours on one the checks are so involved to keep it airworthy that's often more than the price of the plane and not worth it.
I would've bowed out @ $100k, no way in heck over 300k
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.
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.
Better yet, the market price for Aluminum is $1.25 or so per pound. That is the real value of this GIII ,,, owned several as an operator and over 1500 hours in them.
The people that took all the electronics is probably the people that bid on the airplane and got it
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.
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!
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
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….👎
Possibly a parts buy? For an existing G3 owner. Not necessarily a US based owner at that.
But if it was going to be a restoration project. I've seen people spend many $100,000's and multiple years to do up planes. Ok, most of those have been WW2 era bombers and Spitfires. But I couldn't imagine the process being too much different.
Airport worker commented that it's now in a hangar being worked on.
@@OOpSjm They are reinstalling the parts they removed years ago.
Elvis Presley's 1976 JetStar actioned off for $235,000, and it didn't have engines.
The question is very easy to answer once again.if you have the cash it makes no deference the price as you know cash is nothing to very wealthy people.😅