The idea for what is now known as the ProJet started four years ago during a conversation between Carey Robinson Wolchok, then a principal at private equity group Aero-Equity, and Israel Aircraft Industries founder Al Schwimmer. That conversation was obviously influenced by the then recently announced Eclipse 500 very light jet, and a relationship was born.
Israel Aerospace Industries
The very light jet segment got a bit more crowded early last month when Westport, Conn.-based startup Avocet Aircraft and Israel Aircraft Industries publicly announced a partnership to develop a six- to eight-seat (including pilot) twinjet.
IAI’s Gulfstream G550-based conformal airborne early warning & control (CAEW) aircraft is making its world debut here at Farnborough. The aircraft has flown with the Israel Air and Space Force only since February, and its appearance here was not confirmed until a few days before the show.
IAI’s Conformal Airborne Early Warning aircraft, top right, arrives at Farnborough for its first public appearance. Underneath all the bulges and fairings lurks a Gulfstream G550 bizjet airframe, which has been heavily modified to carry the conformal arrays for the Elta EL/M-2085 airborne early warning radar.
The 200th Gulfstream G200 rolled out June 4 at Israel Aerospace Industries’ (IAI) manufacturing plant at Ben Gurion International Airport in Tel Aviv. “This is a historic moment for Gulfstream and IAI,” said Gulfstream Aerospace president Joe Lombardo.
Jet Aviation’s facility at Hannover, Germany, has been made an FAA repair station for the Gulfstream 100 and 200 jets, as well as the Westwind series. This allows it to handle scheduled and unscheduled maintenance, airframe and engine repairs, avionics modifications, inspections and defect rectifications for the former Galaxy/Israel Aircraft Industries models.
Gulfstream Aerospace has announced it is extending the same benefits package to previously owned Gulfstream 100 and Gulfstream 200 jets that it has traditionally offered on the sale of other previously owned Gulfstream business jets. Gulfstream Aerospace acquired the type certificates for the G100 and G200–midsize and super-midsize bizjets, respectively–in the June acquisition of Galaxy Aerospace by parent company General Dynamics.
Amid much fanfare, the 200th Gulfstream G200 rolled out yesterday at Israel Aerospace Industries’ (IAI) manufacturing plant at Ben Gurion International Airport in Tel Aviv. “This is a historic moment for Gulfstream and IAI,” said Gulfstream Aerospace president Joe Lombardo.
In 1996 Brian Barents accepted a position with the newly formed Galaxy Aerospace, and along with it the responsibility for integrating the assets of Astra Jet Corp., a struggling New Jersey company with a single product–the midsize Astra SPX.
Barents, president and CEO, was also a part owner of Galaxy Aerospace, along with Chicago’s Pritzker Group and Israel Aircraft Industries (IAI), manufacturer of the Astra SPX.
The Pritzkers of Chicago–one of the nation’s wealthiest families, with controlling interest in the Hyatt hotel chain and one-time part owner of the former Galaxy Aerospace–agreed to pay a record $460 million to the federal government to avoid possible lawsuits from the failure of its Superior Bank.