The free-wing tilt-body aircraft is researched in the flight performance characteristics for center of gravity (CG) change. All of speed, body tilt angle and center of gravity change are simulated to determine the flight envelope by a non-linear 3-DOF mathematical model. In flight, this aircraft configuration changes by the tiltable empennage. Then, flight dynamics distinguishes from those of a conventional fixed-wing aircraft. Though flight performance and trimmability are studied by CG change, the flight model of free-wing tilt-body aircraft is to reduce the hidden risk and to achieve the successful flight test. It is analyzed the flight characteristics by CG change that distinguishes free-wing tilt-body aircraft from the conventional aircraft.