According to letters sent to the Texas Workforce Commission, Gulfstream Aerospace is laying off 219 Dallas-based employees. This comes on the heels of similar Warn letters sent earlier this month to the 70 employees of the General Dynamics Aviation Services (GDAS) facility in Minneapolis notifying them of its closure at the end of June.
Gulfstream Aerospace added another European parts distribution center to its product support network. The Corjet Europe facility in Madrid, Spain, will serve as a strategic parts distribution facility for high-usage items commonly required by Gulfstream customers. Located at Madrid Barajas Airport, the facility currently holds almost $4 million in Gulfstream parts, with plans for expansion this year.
The change in fortunes of the business aviation industry since the 2008 EBACE show last May truly beggars belief. Since sometime around September last year the financial crisis–caused at least in part by self-destructive behavior of some of the industry’s best customers, the bankers–has been one kick in the teeth after another.
Business aviation is currently facing numerous challenges, but Gulfstream officials speaking this week at EBACE remained upbeat. “I’ve been in this industry 30 years and I’ve seen many ups and downs,” said Gulfstream president Joe Lombardo, Gulfstream president and executive vice president of parent company General Dynamics. “February was a bad month for us, with a lot of order defaults occurring. But we’re now seeing some positive signs.
Gulfstream Aerospace has received authorization from the U.S. Federal Aviation Administration to use automatic dependent surveillance-contract (ADS-C) for oceanic and remote area waypoint reporting. This will be the first application of the technology on purpose-built business jets.
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.