The Gulfstream V is a modification of the previous model of the same name with the number IV. It features a fuselage of a new design and a length that exceeds its predecessor by 2.13 m. This allows up to 19 passengers to be accommodated in the cabin. The shape of the wing remained unchanged, only its size increased. The tail area was also increased. The bulkhead of the cockpit is shifted to the tail by 0.30 m. This aircraft made its first flight in 1995.