Minsheng Financial Leasing Co. (MSFL), Asia’s largest business jet leasing firm, is climbing steeply to increase the size of it inventory even more. On perhaps one of the clearest days in ABACE memory, Minsheng confirmed yesterday that it had placed orders with both Gulfstream and Bombardier in the fourth quarter of last year.
Gulfstream’s super-midsize G280 added two speed records during its flight to Shanghai for ABACE 2014, with city-pair records between Germany and Dubai and then on to Hong Kong.
From Germany’s Friedrichshafen Airport, the G280, piloted by Brett Rundle and Bruce Egart, flew 2,751 nm to Dubai International Airport in five hours and 49 minutes, for an average speed of Mach 0.84. The same crew then flew 3,449 nm to Hong Kong International Airport in seven hours and seven minutes, at an average speed of Mach 0.82.
Gulfstream’s super-midsize G280 added two new speed records during its flight to Shanghai for ABACE 2014, with new city-pair records between Germany and Dubai and then on to Hong Kong.
From Friedrichshafen Airport in Germany the G280, piloted by Brett Rundle and Bruce Egart, flew 2,751 nm to Dubai International Airport in five hours and 49 minutes, at an average of Mach 0.84. The same crew then flew 3,449 nm to Hong Kong International Airport in seven hours and seven minutes, averaging Mach 0.82.
Gulfstream Aerospace’s substantial investment in establishing China’s first factory-owned service center for business aircraft appears to be paying off as the U.S. airframer prepares to add support capability for its latest G650 and G280 models later this year.
Gulfstream Aerospace realigned its product support organization last week to “enhance the customer experience” and position the division for growth. Mark Burns remains president of Gulfstream Product Support.
Gulfstream Aerospace recently delivered the 300th outfitted G450, a milestone that comes nearly nine years after the twinjet entered service in May 2005. “The delivery…is a proud moment for Gulfstream because it demonstrates the reliability, performance and comfort the aircraft provides and reflects continuing interest from customers,” said Scott Neal, Gulfstream senior vice president of worldwide sales and marketing. “The G450 remains the market leader in its class.
Airbus Corporate Jets has appointed Benoit Defforge managing director. He will also maintain his previous role as head of the Airbus Corporate Jet Centre (ACJC).
Bill Chiles, president and CEO of helicopter operator Bristow Group, announced he will retire at the end of July but will remain with the company in a consulting role for another two years. He will be replaced by senior v-p and CFO Jonathan Baliff.
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.