Jet Support Services (JSSI) has named Lou Seno its new president. He has three decades of aircraft financing experience and previously was a senior manager at Boeing Capital’s and GE Capital Solutions’ business aviation units.
Gulfstream Aerospace has reinstituted its “Meet the Quote” spare parts price-matching program, initially launched in March 2004, and operators have until July 31 to enjoy the savings. The program includes price matching on the most popular exchange parts, including valves, alternators, regulator and brake assemblies, actuators and display units. The offer is extended to operators of all Gulfstream jets.
The aerospace division at General Dynamics, which includes Gulfstream and Jet Aviation, “held its own” in the first quarter, parent company chairman and CEO Nicholas Chabraja said yesterday during an investor conference call. “A noteworthy accomplishment, I think, in light of business market conditions.” As a whole, first-quarter revenues at General Dynamics rose to $18.3 billion, up 18 percent from the same period last year.
Although Gulfstream has joined the rest of the aviation industry in announcing layoffs, the company remains on schedule with new-airplane programs. In February, the first midsize G250 forward, center and aft fuselage sections were joined.
Gulfstream Aerospace has reinstituted its “Meet the Quote” spare parts price-matching program, initially launched in March 2004, and operators have until July 31 to enjoy the savings. The program includes price-matching on the most popular exchange parts, including valves, alternators, regulator and brake assemblies, actuators and display units.
Jet Aviation, which purchased Midcoast Aviation in 2006 and then was bought by General Dynamics last year, announced that Don Petersen is taking over as president of Midcoast Aviation and Jet Aviation’s North America maintenance and completions businesses. Current president Kurt Sutterer is retiring next month after 29 years with Midcoast. He became president of Midcoast in 2004, then took over Jet Aviation’s U.S.
Gulfstream Aerospace last month announced that its large-cabin G650 achieved first flight of a simulated version of the jet on December 15 at the G650 Integration Test Facility (ITF) in Savannah, Ga. The ITF includes a full-scale G650 cockpit equipped with avionics, some production hardware and sensors as well as a full-scale cabin mockup with galley.
In December last year, aircraft manufacturer Gulfstream Aerospace laid off “a number of contract employees” and advised that at the end of the first quarter 2009 it would consider the possibility of full-time employee layoffs. Two months into this year, parent company General Dynamics announced a reduction in force that comprises 1,200 workers, including approximately 600 contract personnel.
Gulfstream Aerospace recently completed its 2,000th airborne product support flight, achieving the milestone seven years after introducing the on-demand maintenance service in May 2002.
Less than 40 days ago, General Dynamics chairman and CEO Nicholas Chabraja said subsidiary Gulfstream was seeing demand for large-cabin jets hold strong, though he acknowledged that sales of its midsize jets had “dramatically softened.” At the time, Chabraja predicted that Gulfstream would deliver 94 large-cabin jets (seven more than last year) but would more than halve midsize shipments to “about 30.” Today his expectations met the reality of