Gulfstream appears to be off to a good start in meeting its projection to deliver this year 72 or 73 “large aircraft” (G350s, G450s, G500s and G550s). According to Nicholas Chabraja, chairman and CEO of parent company General Dynamics, “We had orders for more aircraft, both in units and dollars, than we had in the year-ago quarter.” Gulfstream delivered 18 large aircraft in the first quarter compared with 14 in the same period last year.
AINalerts » April 20, 2006
Despite lack of near-term availability, Cessna received orders for 111 Citations in the first quarter compared with 73 in the first quarter of last year. This quarter’s numbers include 41 aircraft from two fleet operators. “Nonetheless, the remaining orders for 70 aircraft were more than we had expected,” according to Lewis Campbell, chairman, president and CEO of Cessna parent Textron.
Macquarie Infrastructure, a New York subsidiary of Australia-based Macquarie Bank, late last month entered into an agreement to purchase Trajen Holding, including its network of FBOs, for nearly $339 million. Trajen operates 21 facilities and is in the process of acquiring two more that are expected to be a part of the Macquarie purchase.
Mubadala Development, an investment company owned by the government of Abu Dhabi, has acquired 35 percent of Italy’s Piaggio Aero, manufacturer of the Avanti II turboprop twin. “The transaction is founded on a shared belief by the two parties that the business aviation segment will continue to expand significantly over the foreseeable future,” Piaggio officials said.
The Diamond D-Jet (S/N 001) single-engine very light jet flew for the first time on Tuesday afternoon from London International Airport, Ontario, home of Diamond’s North American division.