While many expected 2008 to be one of the slowest summers in quite a while for the pre-owned market, foreign buying activity seems to have given the industry a boost. There are still plenty of U.S. buyers, but because prices rose to new heights a year ago as inventory fell, many seem to be holding back until the ongoing retrenchment in pricing is fully realized.
In the five years since Gulfstream established its maintenance center at London Luton, the facility has grown from 28,000 to 56,000 sq ft. It is the only Gulfstream-owned service center to be operated outside the U.S. The MRO became the first FAA-certified aircraft maintenance center outside the U.S. to be awarded the FAA’s Aviation Maintenance Technician Diamond Certificate of Excellence.
IAI’s Gulfstream G550-based conformal airborne early warning & control (CAEW) aircraft is making its world debut here at Farnborough. The aircraft has flown with the Israel Air and Space Force only since February, and its appearance here was not confirmed until a few days before the show.
IAI’s Conformal Airborne Early Warning aircraft, top right, arrives at Farnborough for its first public appearance. Underneath all the bulges and fairings lurks a Gulfstream G550 bizjet airframe, which has been heavily modified to carry the conformal arrays for the Elta EL/M-2085 airborne early warning radar.
Gulfstream Aerospace is developing a derivative midsize business jet based on the former Astra SPX and–in a Herculean effort to transform its product line in the minds of customers, suppliers and company personnel alike–is revising the nomenclature, options and mission profiles of its current business jet offerings, the company revealed at the Marriott World Center Hotel on Sunday night and further elaborated at an NBAA Convention press confer
Gulfstream Aerospace recently delivered the first of an order for five C-37A special mission versions of the GV to the U.S. Air Force. The lease and support service agreement is valued at $477 million and the remaining aircraft are slated for delivery at intervals through September next year. The first aircraft was delivered at Gulfstream’s Savannah, Ga.
Flight testing of Gulfstream’s GV-SP is back on pace following a schedule interruption caused by last month’s terrorist attacks. The latest ultra-long-range business jet from Gulfstream Aerospace, the GV-SP made its first flight on August 31, four weeks ahead of schedule and well on the way to an expected certification date late next year.
Travelers Aviation has increased its aircraft hull coverage limit to $50 million. The new ceiling will allow Travelers to insure larger general aviation aircraft, including jets such as the Gulfstream G550, Falcon 7X and the Bombardier Global Express. Both Travelers Flight Plan Preferred and Travelers Flight Plan Premier policies will now have capacity to insure this new hull limit for eligible accounts.
Gulfstream has received type certificate validation from the Civil Aviation Safety Authority of the Republic of Korea for the G550. Operators of the G550 and G500 can now register their aircraft in that country. In addition, the fleet of G550s and G500s in April surpassed 200,000 total flight hours since the first G550 entered service on Sept. 29, 2003.
Online fuel buyer AML Global is preparing to start offering discounted insurance and pilot training rates to business aircraft operators. The company claims to save operators an average of 7 to 10 percent on jet-A purchased through its process.