Since parent company General Dynamics acquired Galaxy Aerospace last year, Gulfstream has been on a program to improve the performance of the Gulfstream 200 (nee Galaxy) to meet a request by NetJets that it be able to fly London to New York in 85-percent winds with four passengers at Mach 0.75.
B/E Aerospace, which is scheduled to move into its new Miami facilities early next year, recently acquired Denton Jet Interiors, a major supplier of custom upholstery for business jets. The addition of Dallas-based Denton Jet further expands B/E’s presence in the business aircraft seating market with a mid-continent location.
Gulfstream president Bryan Moss accepted the 2003 Collier Trophy from National Aeronautic Association president and CEO Donald Koranda and National Aero Club board president Stewart Orr at ceremonies on May 19 in Arlington, Va.
In a bid to expand its capabilities to service larger turbine engines, Standard Aero has purchased turbine engine component overhauler TSS Aviation of Cincinnati, Ohio, for $65 million. Standard Aero and Landmark Aviation were purchased by Dubai Aerospace Enterprise (DAE) from private-equity firm Carlyle Group last month for $1.9 billion.
The first of two phases of the Gulfstream Aerospace new Savannah Service Center has officially opened.
In March last year the company announced a seven-year, $400 million long-range expansion plan for its Savannah headquarters and business-jet manufacturing and maintenance facilities. It includes the new 624,588-sq-ft service center on 76.6 acres at the southwest quadrant of the Savannah/Hilton Head International Airport.
Year to date, Gulfstream Aerospace has logged more sales from customers outside the U.S. than inside, 66 versus 62, according to Joe Lombardo, Gulfstream president. By comparison, total Gulfstream orders for all of last year were 92 domestic and 67 international, and in 2004 they were 75 domestic and just 22 international.
The UK’s GKN Aerospace (Booth No. 4918), a supplier of aerostructures, propulsion systems and transparencies, is setting its sights on the business aviation market, announcing that it intends to make its presence in the business aviation engines sector a core focus over the next five years.
VLJ and piston-twin manufacturer Adam Aircraft experienced a shift at the top yesterday, as former Fairchild Aerospace COO and McDonnell Douglas executive v-p John Wolf replaced founder Rick Adam as chairman and CEO. Wolf joined Adam Aircraft in February and has since served on the board as a liaison. Duncan Koerbel, who also joined the company in February, remains president.
Dubai Aerospace Enterprise (DAE), the Middle East-based start-up that is seeking to command a global presence in a number of aviation sectors, finalized the buyout of Landmark Aviation and Standard Aero Holdings from The Carlyle Group this week. DAE paid $1.9 billion for the two MRO companies. According to DAE, Landmark and Standard Aero will serve as the core of its plan to become a global MRO provider.
The process for deciding whether or how to buy a business aircraft is fraught with seemingly incalculable factors and subjective considerations. Over the past five years a small French company called Aero Capital claims to have developed an armory of software power and expertise that can give prospective buyers a higher degree of reassurance that they are making the right move.