“There’s a fair amount of caution out there, but we're seeing steady activity at our aerospace division, which consists of Gulfstream and Jet Aviation,” Jay Johnson, chairman and CEO of Gulfstream and Jet Aviation parent company General Dynamics, said yesterday at the Morgan Stanley Global Industrials Unplugged Conference. Backlog for current-production large-cabin Gulfstreams is “about where we want to be” at 18 months, he noted.
Midcoast Aviation is absorbing the operations of sister company Savannah Air Center to “consolidate our talents into a single center of excellence,” according to Midcoast president Donald Petersen.
Twin Commander Aircraft has begun planning for the 10th edition of its Twin Commander University owner/operator conference. The event will be held next year at the Hyatt Regency Coconut Point in Bonita Springs, Fla., from April 28 to 30.
Identifying strengths and spinning them off into new profit centers is one of the key elements of corporate growth, and that is precisely what Jim Spinder has done at Atlantic Aero, where he is president and COO.
Deer Jet, China’s largest business-jet charter operator, has been named by Gulfstream Aerospace to support the OEM’s growing fleet of Gulfstreams in China. Beijing-based Deer Jet owns three G550s, two GVs, four GIVs and four G200s.
General Dynamics yesterday reported first-quarter 2010 earnings from continuing operations of $599 million, up from $593 million for the same period in 2009, giving much of the credit to gains in the aerospace business segment, which consists of Gulfstream, Jet Aviation and General Dynamics Aviation Services. “It was a good first quarter,” said GD president and CEO Jay Johnson in an investor conference call.
Gulfstream Aerospace president Joe Lombardo started his career in aerospace at Douglas Aircraft in 1975, where he held leadership positions in production and material control, planning and manufacturing, and was general manager of twinjet production. He joined Gulfstream in 1996 as vice president of co-production, where he was responsible for the ramp-up and dual production of the Gulfstream IV-SP and V.
The second super-midsize G250 took flight on March 24 from Israel Aerospace Industries’ facilities at Ben Gurion Airport in Tel Aviv, Israel. Piloted by IAI chief test pilot Ronen Shapira, the G250 flew for one hour 57 minutes during its first flight and to 20,000 feet. G250 S/N 2002 joins the first test article in a test program that is expected to take more than 1,300 flight hours.
The recession has caused the cancellation of some business aircraft programs and the slowdown in the development of others. Gulfstream, on the other hand, made the strategic decision to stay on course in its development of its new super-midsize G250 and long-range, large-cabin G650.
AIN has learned that Gulfstream Aerospace is working on new designs that may leverage elements of the new G650. One source speculated that a shorter G650 fuselage with new engines could provide a modern replacement for the G450/G550. Another source said that engine manufacturers Pratt & Whitney and GE are proposing new engines for Gulfstream’s next jet program.