Everybody remotely fascinated by private aircraft will have heard of the Gulfstream name, but what is it that sets the renowned G550 apart from its many challengers, and for what reasons does the Gulfstream G550 turn out to be a brilliant private business jet for those that can fly privately?Using private business jets has various positives, for example, being able to fly in the highest luxury, all the way through to being able to attend that important meeting in a different country.For a lot of leading business-people and worldwide corporations, the private aircraft is a key piece of commercial life, with the high expenses related to owning a private jet offset by its efficiency saving capabilities, allowing businessmen to do their business needs worldwide.With the emergence of the Gulfstream G550, travellers have been able to make use of its extra long passenger area, long distance abilities and heightened levels of comfort. Find more information on what type of jet any Warren Buffet company uses by searching online.The G550 by Gulfstream gets its power from 2 Rolls-Royce turbofan engines, a range of 6,750 miles (nautical) at Mach 0.80 with a high speed cruise capability of mach 0.87. The longer flight-range means that it’s able to carry out trans-atlantic flights with ease, improving a customer’s potential to attend meetings worldwide, and its extra long cabin gives it the capability to sit fourteen people in first class comfort and opulence.For the majority of businessmen, travelling on a G550 is not a possibility, but with fractional ownership, the chance of travelling on these famous executive jets is much more realistic.Fractional private jet ownership is a new notion which commenced in the mid 1990s to allow customers of business jets a larger variety of jets, and limiting the cost of private flight.By not owning an aircraft, but rather joining a membership plan with a fractional aircraft ownership corporation, clients aren’t bothered with the extra expenses of the plane’s maintenance, employing a fully qualified crew and all the other costs that are linked with operating a private aircraft.Not only are you reducing spend on aircraft maintenance and staff fees, owners of a fractional aircraft membership can choose a private jet from a network of planes, depending on the length of flight they require. After all, the Gulfstream G550 is able to carry up to and including 14 travellers; but you may not always need all that room. By using a smaller private jet, smaller amounts of fuel are required, meaning a trip wouldn’t be as expensive and significantly more sympathetic to the environment.