Gulfstream Aerospace is preparing an assembly plant for its new G650, and the U.S manufacturer is also readying an adjacent building for cabin completion work. The completion facility is in a former service center currently being used for flight-test operations. Gulfstream expects all G650 assembly and outfitting to be done at its headquarters in Savannah, Georgia.
Gulfstream International Group, the parent company of Fort Lauderdale, Fla.-based Gulfstream International Airlines, entered Chapter 11 bankruptcy protection last month in an effort to restructure its debt and secure long-term financing. Gulfstream said it has arranged for up to $5 million in debtor-in-possession (DIP) financing from Chicago-based Victory Park Capital Advisors and that it anticipates no effect on its flight schedules.
Gulfstream Aerospace announced ambitious plans last month for a $500 million, seven-year expansion project at its Savannah, Ga. headquarters “to ensure that the company is well positioned to meet future demand for business jets and support services.” To facilitate the new development, the aircraft manufacturer entered into a 50-year lease with the Savannah Airport Commission to build additional facilities on 159 acres of airport land.
Gulfstream Aerospace has announced a $500 million, seven-year facility expansion plan at its Savannah headquarters. The project includes building new facilities and renovating several existing facilities, as well as expanding office and lab facilities at the Gulfstream Research Development Center in Savannah’s Crossroads Business Park.
Gulfstream Aerospace yesterday announced plans for a $500 million, seven-year expansion project at its Savannah headquarters “to ensure that the company is well positioned to meet future demand for business jets and support services.” The aircraft manufacturer entered into a 50-year lease with the Savannah Airport Commission to build additional facilities on 159 acres of airport land.
Gulfstream International Group, the parent company of Fort Lauderdale, Fla.-based Gulfstream International Airlines, filed for Chapter 11 bankruptcy protection today in an effort to restructure its debt and secure long-term financing. Gulfstream said the filing, registered with the U.S. Bankruptcy Court for the Southern District of Florida, would not affect its flight schedule.
PPG Aerospace (Booth No. 4053) Total Service Solutions Group has signed a multi-year contract with Savannah, Ga.-based Gulfstream to provide comprehensive chemical support for the airframer’s G450, G550 and G650 programs. The group provides customers with a modular approach for customized chemical management.
Gulfstream Aerospace last month celebrated the 25th anniversary of the first flight of the Gulfstream IV, which the Savannah, Ga.-based manufacturer said is “the best-selling” large-cabin, long-range business jet in the world. <o:p></o:p>
“There’s a fair amount of caution out there, but we’re seeing steady activity at our Gulfstream and Jet Aviation subsidiaries,” Jay Johnson, chairman and CEO of Gulfstream and Jet Aviation parent company General Dynamics, said last month 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.
According to Jay Johnson, chairman and CEO of Gulfstream parent company General Dynamics, the Gulfstream G650 and G250 test programs are proceeding on track: “Significantly, both aircraft are performing in test exactly as predicted.” The super-midsize G250 and wide-cabin G650 are expected to be certified next year, and G250 deliveries will start “in 2011.” Johnson said Gulfstream plans to deliver 17 G650s in 2012 and 33 each in 2013 and