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.
Gulfstream Aerospace appointed Larry Flynn senior vice president for marketing and sales. He will replace Raynor Reavis, who has announced his retirement. Flynn remains a v-p of Gulfstream parent General Dynamics. Mark Burns will take Flynn’s positions as president for Gulfstream product support and president of General Dynamics Aviation Services.
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.
Gulfstream Aerospace plans to cut about 480 people from its workforce of 8,000, citing a drop in business jet orders in response to the slowing economy. The Savannah, Ga.-based manufacturer laid off 200 employees last fall. Gulfstream, a subsidiary of General Dynamics, also revealed it will cut back production of GIV-SPs and GVs by 11 to 15 percent, or about eight to 10 aircraft this year.
Sales of Gulfstream business jets in the first quarter increased 17 percent year-over-year, Nicholas Chabraja, chairman and CEO of parent company General Dynamics, said during an April 23 investor conference call. Backlog at the Savannah, Ga. aircraft manufacturer climbed $200 million in the quarter, and that includes only sales of in-production aircraft.
Most pilots flying into Dallas Love Field (DAL) are probably not accustomed to seeing “General Dynamics” emblazoned on a civil hangar, but the defense contractor isn’t that new to general aviation. It did own Cessna Aircraft from 1985 until it was sold to Textron seven years later, and three years ago it acquired Gulfstream Aerospace.
Sales of Gulfstream business jets in the first quarter increased 17 percent year-over-year, Nicholas Chabraja, chairman and CEO of parent company General Dynamics, said yesterday during an investor conference call. According to Chabraja, backlog at the Savannah, Ga. aircraft manufacturer climbed $200 million in the quarter, and that includes only sales of in-production aircraft.
Gulfstream Aerospace received FAA approval of an aircraft service change (ASC) for the Gulfstream II fuselage, effectively extending the life of the airframe from 20,000 to 36,000 flight hours. Life-extension work on the Gulfstreams, consisting primarily of inspections, will initially be done at Gulfstream’s main Savannah, Ga. facility but will eventually be expanded to other sites.
Over the next several months, Gulfstream will end Gulfstream 200 (nee Galaxy) business jet completion work at Alliance Airport in Fort Worth, Texas, and turn the facility into the company’s sales and design headquarters. The former Galaxy Aerospace facility was acquired when General Dynamics (Gulfstream’s parent) purchased the company last June. Gulfstream 200 completions are being transferred to Dallas Love Field.