Gulfstream Aerospace continues to build on its momentum of last year with deliveries of 39 completed aircraft during the first quarter, a 34.5-percent increase on Q1 2013. This is on the back of a total of 144 deliveries last year, a 53.2-percent rise from the company’s performance for 2012.
The world’s leading business jet manufacturers posted financial results for the first quarter of 2014 in the weeks leading up to this year’s EBACE show. Overall, the latest numbers are somewhat encouraging in the context of the industry’s slow recovery but there are significant variations in the details. Here AIN provides a summary of the main conclusions.
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Gulfstream Aerospace has appointed Arno Forehand general manager of its component repair facility in Lincoln, Calif. He replaces David Pearman, who is now general manager of Gulfstream’s service center in West Palm Beach, Fla. In his new role, Forehand will handle the daily operations of Gulfstream Lincoln, a 34,000-sq-ft operation dedicated to repair and overhaul of components such as alternators, converters, generators, avionics and flight instruments.
Gulfstream Aerospace has named Skyservice as its first company-authorized warranty facility in Canada. The agreement, which covers the G550, G500, G450, G350, G280, G200 and G150, applies to Skyservice’s three locations in Toronto, Calgary and Montreal, though initially the Toronto site will provide customer support.
A spokesman for Gulfstream told AIN, “This new approval is a natural outcome of our growing fleet in Canada and direct feedback from our customers there asking for service opportunities in Canada.”
The business jet industry continued to build on its delivery momentum from last year, according to first-quarter delivery statistics released today by the General Aviation Manufacturers Association (GAMA). OEMs handed over 154 business jets worldwide in the first three months, a 19.4-percent increase over the 129 delivered in the first quarter of last year.
Gulfstream Aerospace appointed Tony Swift as its first field service representative (FSR) in Africa. Swift, who is based in South Africa, reports to Ken Maxwell, senior manager for international field service operations. Swift will act as the liaison between the company and Gulfstream operators based in or traveling through Africa.
General Dynamics’s aerospace division, which includes Gulfstream Aerospace and Jet Aviation, saw first-quarter revenues climb 19.5 percent year-over-year, to $2.125 billion, while profits soared 30.3 percent, to $404 million, from the same period last year.
Minsheng Financial Leasing’s (MSFL) order for 60 Gulfstream jets (40 firm, 20 options) announced last week at ABACE in Shanghai is in addition to, not further confirmation of, a $2.6 billion order for 50 Gulfstreams under an MoU signed between the two companies in July 2011. Thus, Minsheng now has up to 110 Gulfstreams on order–a mix of G280s, G450s, G550s and G650s–that AIN estimates are worth approximately $5.6 billion, including options.
Deer Jet, China’s largest fleet operator, has launched its “General Aviation Equity Fund,” with the goal of increasing investment in general aviation services, such as FBOs and MROs, in China. The fund is anticipated to generate 2 billion RMB in investment capital in the first round, towards a total of 5 billion RMB. Deer Jet announced the fund here at ABACE 2014
To supplement its service and support presence in the Asia-Pacific region, Gulfstream opened a customer support contact center at its Product Support Asia headquarters in Tung Chung near Hong Kong International Airport. The center will initially focus on over-the-counter sales and warranty support. Technical operations personnel, to include avionics/electrical and technical/mechanical systems specialists for all Gulfstream models, will be added later this year.
The OEM has maintenance technicians at the Gulfstream Beijing service center to perform the work.