Business has been so good at West Coast charter/management firm Jet Edge International that the company devised an unusual arrangement to build a fleet of Gulfstream G200s. With a fleet consisting of mostly large-cabin Gulfstreams, Jet Edge has seen growing demand for the super-midsize charter market, and the G200s (and one G280, with two more coming) are ideal to fill that need, according to president Bill Papariella.
The U.S. Export-Import Bank recently topped $1 billion in support of American-made business airplane and helicopter financings since the beginning of Fiscal Year 2012. In a deal that drove it past this milestone, the bank approved a guarantee of a $300 million loan extended by Apple Bank for Savings to Minsheng Financial Leasing Co. of Tianjin, China, to finance the purchase of eight business jets from Gulfstream Aerospace. At EBACE 2012, the Ex-Im Bank announced it would provide support for at least $1 billion in business airplane and helicopter financings by the end of 2014.
Gulfstream has a fleet of over 100 business aircraft owned and operated in the Arabian Gulf region, with both Saudi Arabia and the United Arab Emirates (UAE) representing strong customer basses in the large-cabin market.
Jet Aviation Hong Kong recently received approval from the European Aviation Safety Agency (EASA) to provide line and base maintenance for the Gulfstream G450 The MRO is a Gulfstream factory-authorized warranty service center for the G450/G550/G650. Jet Aviation Hong Kong offers line maintenance, inspections and defect rectifications, AOG support and has access to a 99,027-sq-ft hangar. The company holds Hong Kong CAD maintenance repair station approval, an FAA repair station certificate and mainland China JMM approval for PRC-registered aircraft.
Gulfstream Aerospace has established a four-year college scholarship for eligible seniors attending West Michigan Aviation Academy (WMAA) in Grand Rapids. WMAA is a tuition-free public charter high school that offers an aviation education, along with a “rigorous” academic curriculum.
Gulfstream will award a $60,000 scholarship to one WMAA graduating senior each year from 2014 to 2017, totaling $240,000. Students will be selected on the basis of financial need, academic performance and enrollment in an aviation-related degree path at an accredited higher education institution.
Gulfstream Aerospace is here with its entire line of business jets, hoping to keep its Asia Pacific fleet growing after a spectacular surge over the 2008-2014 period. On the static display, airshow visitors can see the G150, G280, G450, G550 and G650 models, with the super-midsize G280 and the ultra long-range G650 being debutants at the Singapore Airshow. The airframer is continuing to invest in its sales force and product support offering in the region, Roger Sperry, senior regional v-p international sales told AIN.
Arriving at a show without new speed record claims would be unthinkable for Gulfstream, and the airframer has not disappointed for this show with new achievements for its super midsize G280 and the ultra long-range G650.
The G650 flew from Hawaii to Singapore in 14 hours 6 minutes. For the 5,909 nm, the average Mach number was therefore 0.85.
Gulfstream Aerospace’s G650 added another city-pair record to its résumé, flying the 5,905-nm route from Honolulu to Singapore for the 2014 Singapore Airshow on Friday in 14 hours 6 minutes. The aircraft, which carried two passengers and five crewmembers, averaged Mach 0.85 over the record-breaking flight, despite flying against headwinds exceeding 100 knots for more than half the flight. Once the U.S. National Aeronautic Association validates the new record, the flagship Gulfstream will have amassed 39 such milestones.
Gulfstream Aerospace has enhanced its support for operators attending major U.S.-based events with the addition of its biggest and most capable Field and Airborne Support Teams (Fast) vehicle to date. The specially equipped 74-foot tractor trailer can support line-service repairs, engine exchanges, post-flight and storage inspections, unscheduled inspections and cabin interior repairs.
The worldwide supply of used aircraft is revisiting a level not seen in more than five years, despite a growing business jet population that saw nearly 4,000 enter service during that period. The U.S. claimed nearly half of those new aircraft deliveries, followed by Europe and Asia, South America and Africa and Australia. One might speculate that if a buyer is purchasing a business jet in a down economy there must be an excellent reason for the investment, and perhaps this is why only 200 of those delivered during this period have made their way onto the used market.