International orders accounted for more than half of Gulfstream’s 2007 earnings and contributed to a 17.3-percent increase in net sales last year, to $4.8 billion, up from $4.1 billion in 2006.
The first Bombardier Global Express to be certified in Australia has started operation with Melbourne, Victoria-based Visy Board. The aircraft replaces a Gulfstream IV.
Gulfstream Aerospace GIV, Sugar Land, Texas, Nov. 11, 2007–When the GIV touched down at the Sugar Land Regional Airport, the nosegear collapsed, substantially damaging the jet. The pilot told investigators, “When the nosewheels touched down, a violent vibration or shaking was felt, full back force was applied to the control yoke and the vibration eased until the aircraft slowed further and the vibration returned.”
Building upon 11 years of U.S. operations, Jet Parts of Boynton Beach, Fla., has announced that it is expanding into Europe. The company offers rotable and consumable parts for all Falcons, Gulfstream IIs, IIIs and IVs and Hawker 600s, 700s, 800s and 800XPs with a 24-hour AOG service. The Geneva office is slated to open by year-end.
Third-quarter results show that Gulfstream is on its way to ending this year with significantly improved numbers in deliveries, earnings and sales. According to figures released by parent company General Dynamics, Gulfstream delivered a total of 57 green aircraft in the first nine months of this year, compared with 53 in the same period last year. Earnings and margin rates more than doubled.
Although Gulfstream Aerospace has repeatedly denied speculation that it is working on a G600, thought to be a composite-fuselage, long-range widebody business twinjet, last month’s announcement of four new directors at the Savannah, Ga. headquarters hints that the company is looking at new design elements.
Gulfstream Aerospace's announcement yesterday of four new directors at its Savannah, Ga. headquarters hints at design elements for the widely expected G600, which is thought to be a composite-fuselage, long-range widebody business twinjet. Gulfstream has repeatedly denied such speculation, and a spokesman today maintained there officially is no G600 model, even though the company holds trademarks for this model name, the G625 and G675.
General Dynamics’ aerospace segment, which includes Gulfstream, saw its third-quarter earnings rise 37 percent, to $226 million, while sales climbed 21 percent, to $1.31 billion. International sales are rising and accounted for 53 percent of Gulfstream’s orders in the three-month period, a trend evident throughout the industry.
A federal judge approved a deal between the Equal Employment Opportunity Commission and Gulfstream Aerospace in which the airframe manufacturer agreed to pay $2.1 million to more than 60 former employees–none of them pilots–to settle an age-discrimination suit.
Gulfstream Aerospace has awarded FlightSafety International a five-year contract to perform maintenance technician training at its Savannah, Ga. factory. The contract also includes training for all other Gulfstream