The G.V of 1918 was designed to overcome earlier shortcomings, carrying three times the bomb load of the G.II. The end of the war prevented it from becoming operational and it was AEG's last bomber.

After the war a number of G.Vs were operated as six-passenger civil transports by Deutsche Luft-Reederei - an airline company financed by and connected with AEG. In fact the G.V in 1919 was the only large German 1914-18 aircraft employed commercially to any great extent. Following early use of the bomber as a makeshift transport (with an open cockpit for passengers) a Limousine version was developed. This had a new cabin fairing attached to enclose the passenger area, a downward-hinging fuselage nose to provide a baggage locker (which could also act as a buffer if the aircraft overturned) and a toilet aft of the cabin.