Gulfstream’s third-quarter results show double-digit improvements in net sales (14.3 percent) and operating earnings (34.3 percent), as well as an increase in backlog and a marked jump in aircraft deliveries, compared with the same nine-month period last year.
General Dynamics (GD) announced this morning that on April 9, Joseph Lombardo will become executive v-p of its aerospace business group and president of subsidiary Gulfstream Aerospace. He will succeed Bryan Moss. Lombardo, 58, has been Gulfstream’s COO since 2001. Moss, 66, who has been Gulfstream president since 2003, will become president emeritus of Gulfstream, a new position.
NetJets Europe (NJE) sold shares in 18 complete aircraft last year, representing an 80-percent increase in sales over 2003. By the end of last year the European fractional ownership program’s fleet consisted of 58 aircraft. That number is set to grow to 91, with 33 deliveries scheduled for this year.
The Gulfstream G150, which the Savannah, Ga.-based company describes as the first wide-cabin, long-range, midsize business jet, rolled out January 18 in el Aviv before hundreds of employees of Israel Aircraft Industries, which is producing the G150 at its plant on Ben Gurion International Airport.
Latin America’s business jet fleet has seen modest growth over the past 12 months, but it has still not achieved any substantial increase over the past decade. As of December 31 last year there were a total of 907 jet-powered business aircraft registered in 15 Latin American countries monitored by aviation consulting group Airclaims–up by slightly less than 5 percent from the 2003 total of 868.
Gulfstream is reportedly preparing a new model to succeed the G300, reliable industry sources have informed AIN. Expected to be introduced during the first quarter of this year (possibly late this month at the Singapore show), the new model would apparently take the place of the current G300 in Gulfstream’s production lineup.
In a landmark decision, the FAA has adopted a final rule allowing the use of HUD-based enhanced vision systems (EVS) for descent below published instrument approach minimums.
A new high-speed data system developed by Arinc Direct has cleared the final hurdles for certification in the Gulfstream V. Gulfstream claims that the product, called the Broad Band Multi-Link (BBML) system, is the fastest business jet cabin data connection on the market, capable of achieving data transfer speeds of up to 3.5 Mbps.
Certification of the infrared enhanced vision system (EVS) for the Bombardier Global Express XRS–said to be “imminent” at press time–will close an important technology gap between Gulfstream and Bombardier, head-to-head competitors in the ultra-long-range business jet market.
The G150, which Gulfstream touts as the first wide-cabin, long-range, midsize business jet, rolled out January 18 in Tel Aviv in front of hundreds of Israel Aircraft Industries employees, officials from both companies, supplier representatives and certifying authorities.