Gulfstream Aerospace

November 26, 2013 - 2:45pm

The second Gulfstream G650 to sell on the pre-owned market sold for $70 million via The Jet Business in London earlier this month. The private individual who took delivery of the new wide-cabin jet in July sold it to a Japanese property group for a profit of approximately $10 million. Steve Varsano, owner of The Jet Business, said he is currently in negotiations to sell another G650, “hopefully within the short term.” Gulfstream enforces strict anti-speculation clauses on its aircraft until they have been delivered.

November 19, 2013 - 12:00pm

The Gulfstream G280 super-midsize on display this week at the Dubai Airshow broke a city-pair speed record en route to the event, bringing the aircraft’s records total to more than 30. Its latest record run started at 5:23 p.m. on Friday, when the aircraft departed Kuala Lumpur International Airport with Gulfstream pilots Jason Willis and Marilyn Whicker at the controls. The twinjet completed the 3,356-nm (6,215-km) flight to Al Maktoum Airport in 7 hours 34 minutes, averaging Mach 0.80.

November 19, 2013 - 5:22am

The super-midsize Gulfstream G280 on display here this week in Dubai broke a city-pair speed record en route to the airshow, bringing the aircraft’s records total to more than 30. Its record run started at 5:23 p.m. on Friday, when the jet departed from Kuala Lumpur International Airport with Gulfstream pilots Jason Willis and Marilyn Whicker at the controls. The twinjet flew the 3,356-nm (6,215-km) flight to Al Maktoum International Airport in 7 hours 34 minutes, averaging Mach 0.80.

November 14, 2013 - 12:26pm

According to the latest business jet market update from J.P.Morgan, recent data shows further weakness in the pre-owned business jet market. Used inventory rose to its highest level since late last year, while pricing showed another sequential decline, the firm said. Business jet flying bounced back, however, providing a glimmer of hope.

November 13, 2013 - 1:37pm

A federal jury has found William Hugh Weygandt, 64, of Granite Bay, Calif., guilty of a conspiracy to commit fraud involving aircraft parts repair. The verdict followed a three-week jury trial before U.S. District Court Eastern District of California. Weygandt is the former owner and president of Weco Aerospace Systems, an FAA FAR Part 145 repair station with facilities in Lincoln and Burbank, Calif. In January 2007, Weygandt sold Weco to Gulfstream Aerospace, which retained Weygandt as president until Feb. 1, 2008.

November 5, 2013 - 3:35pm

After recently concluding all high-speed certification flights, the FAA has validated the Mach 0.935 maximum operating speed for Cessna’s new Citation X.

November 5, 2013 - 2:57pm

Gulfstream Aerospace expanded the role of Geneva, Switzerland-based Prestige Jet to handle Gulfstream aircraft transactions in France, in addition to Italy and Switzerland. Under the arrangement, Prestige Jet CEO Thierry Le Tourneur and his team will work with Gulfstream central and southern European vice president Rebecca Johnson and international sales senior vice president Trevor Esling, who will continue to oversee Gulfstream sales in the region. Prestige Jet has a staff of eight sales representatives working in Geneva, Milan and Paris.

November 4, 2013 - 12:20am
ExecuJet FBO

With business remaining relatively stagnant in Europe and North America, the business aviation industry is looking to other parts of the world for growth, and nowhere is growing faster than Africa. An economic explosion in the exploitation of oil/gas and mineral reserves is driving a need for a boom in corporate aviation, not only to support internal operations, but also to bring in the executives from overseas who represent a major increase in inward investment into the continent, especially from China.

October 29, 2013 - 2:53pm

California-based Clay Lacy Aviation is seeing the highest growth in its managed aircraft fleet in the company’s history. Over the past six months 15 business jets ranging from a Gulfstream G550 to a Learjet 45XR have joined its corporate charter fleet, which now numbers 75 aircraft.

October 23, 2013 - 9:40pm
Gulfstream G550

Gulfstream Aerospace’s deliveries of completed aircraft more than doubled to 38 (32 large-cabin and six midsize jets) in the third quarter versus 17 large-cabin jets in the same period a year ago, parent company General Dynamics said during its quarterly investor conference call yesterday morning. In the first nine months, Gulfstream (Booth No. N3932) has shipped 103 outfitted airplanes (87 large cabin, 16 midsize), a nearly 81-percent rise from the 57 aircraft (52 large cabin, five midsize) handed over to customers in the same period last year.

 
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