Gulfstream is on track to open its new service center in Beijing Capital International Airport by the end of this year.
Grumman Gulfstream I
Gulfstream Aerospace views India as a long-term growth market for its business jets, regional senior vice president of international sales for South America and the Far East Roger Sperry said yesterday at India Aviation 2012. Gulfstream is displaying a midsize G150 and large-cabin G450 at the show, which is being held in Hyderabad until Sunday.
Los Angeles-based private equity firm Levine Leichtman Capital Partners finalized its acquisition of ground support equipment manufacturer Tronair yesterday. The Holland, Ohio-based company makes more than 1,000 products–including towbars, electric tugs, tripod jacks, de-icer carts, lavatory servicing equipment, potable water carts and engine inlet covers–for more than 300 business aircraft, military aircraft and airliners.
It is with some justification that Theodore “Teddy” Forstmann, the founder of Forstmann Little & Company, is described in aviation circles as “the man who saved Gulfstream.”
Class warfare is much in the headlines of late, and there’s a sort of parallel in business aviation. While the wealthiest citizens and corporations are sitting on mounds of cash for fear of investing it in the wrong place in troubled times, the middle class, the poor and many small businesses are feeling the financial deprivation of this downturn day-to-day. So goes it in the hierarchy of business-jet manufacturers.
Gulfstream parent company General Dynamics announced last month that Larry Flynn will succeed Joe Lombardo as president of the Savannah-based airframer, starting September 1.
Gulfstream Aerospace is reopening the 62,000-sq-ft Hangar F at Dallas Love Field. “We now have hangars dedicated to specific aircraft models,” said Mark Burns, president for Gulfstream product support. “Large-cabin and midsize-cabin customers have their own specific facility, with parts inventory and office space that cater to their needs.
The EASA has certified the Hubbard Aviation Technologies QS3 hushkit system for the Gulfstream II, IISP, IIB and III as meeting Chapter 3 noise requirements. The certification means that QS3-equipped Gulfstreams have “unrestricted access to Europe’s leading business airports,” according to the company.
Gulfstream Aerospace announced ambitious plans last month for a $500 million, seven-year expansion project at its Savannah, Ga. headquarters “to ensure that the company is well positioned to meet future demand for business jets and support services.” To facilitate the new development, the aircraft manufacturer entered into a 50-year lease with the Savannah Airport Commission to build additional facilities on 159 acres of airport land.
Gulfstream Aerospace has announced a $500 million, seven-year facility expansion plan at its Savannah headquarters. The project includes building new facilities and renovating several existing facilities, as well as expanding office and lab facilities at the Gulfstream Research Development Center in Savannah’s Crossroads Business Park.