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.
Everybody's been somewhere and done something. But Israel Aerospace Industries chief test pilot Ronen Shapira has been a few more places and done a few more things than most of us.
Gulfstream Aerospace (Booth No. 2043) has been able to “proactively manage our business to respond to market realities,” said company president Joe Lombardo. “When you consider today’s market realities, we’re doing relatively well.”
At a time when the business aviation industry is showing signs of recovery, you may be wondering whether it makes more sense to update a used airplane or buy a new one from a manufacturer. Some brokers, analysts and consultants say you’re now often better off putting money into a good used aircraft–one you buy or one you already own–than opting for a factory-fresh model.
Avtrak and Midcoast Aviation have reached an agreement by which Avtrak will provide technology that will automate the information flow through Midcoast Aviation’s MRO processes, said Dennis Steinbeck, v-p of business development for Littleton, Colo.-based Avtrak. More details about the agreement are to be announced by Avtrak (Booth No. 2137) here.
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>
Moving production lines outside the U.S. to countries where the cost of manufacturing is lower is a thorny and complicated subject, as well as a practice that has been going on for more than a half century and affecting numerous industries. But now, as the unemployment level in the U.S.
Large-cabin business jets continue to lead Gulfstream’s order and delivery figures, while sales outside the U.S. continue to surpass domestic sales. Both elements are helping to keep the bottom lines of Gulfstream and parent company General Dynamics relatively stable, while they provide a glimmer of end-of-the-tunnel light for the second half of this year and perhaps even some optimism for higher revenue next year.
Gulfstream Aerospace has received type certificate validation from the Civil Aviation Authority of New Zealand for the Gulfstream G500 and G550, allowing operators to register these business jet types in that country. The two aircraft join the large-cabin GIV, GIV-SP, G400 and G300, all of which New Zealand approved for registration in 2003.
Gulfstream Aerospace promoted Greg Collett to v-p of initial phase operations and Austin Shontz to v-p of final phase operations. Collett oversees initial phase manufacturing of large-cabin Gulfstreams and is responsible for advanced programs, advanced manufacturing technology and operations at the Mexicali facility.