Deliveries of Gulfstream business jets in the first quarter were down slightly compared with the same period a year ago, but the firm’s first-quarter order backlog of $6.4 billion was an increase of $900 million from last year. Gulfstream said it delivered 15 green GIV-SPs and GVs (vs 18 in the first quarter last year) and 10 finished G100s and G200s (the same as last year’s first quarter).
Little more than a week after halting efforts to find outside investors for a majority share in its Avolar business aviation venture, United Airlines parent UAL Corp. pulled the plug entirely on March 22 and announced it is closing down the Chicago-based subsidiary.
When UAL Corp. announced earlier this year the creation of United BizJet Holdings, and that the new stand-alone enterprise would include a fractional-ownership program, some in the industry considered this a plain and simple “if you can’t beat ’em, join ’em” strategy.
Avolar, a stand-alone subsidiary of UAL Corp. created in March to launch a new business aviation venture, has already acquired three business jets as part of the fractional- ownership core fleet and expects to begin flying this month.
- Page 2