The strong growth of the Middle East market for business aviation will be evident at the second Middle East Business Aviation (MEBA) expo next month. The three-day event, to be staged at Dubai’s Airport Expo Center from November 16 to 18, is projected to grow to twice the size of the first stand-alone MEBA show held over two days in January 2007.
Since last year’s NBAA Convention, several manufacturers have launched new airplanes or announced derivative designs based on previous models. Although there weren’t a lot of new certifications obtained in the past year, and despite the sagging economic and warning flags presaging slower business aviation activity, manufacturers–new and old alike–haven’t shied away from introducing new products.
This year is a special one for Gulfstream, as it marks the 50th anniversary of the first flight of the company’s first airplane, the twin-turboprop Gulfstream I. On Aug. 14, 1958, the Grumman-built aircraft took to the skies for its maiden flight as the first turbine-powered airplane designed expressly for business travel.
Gulfstream has received some highly publicized orders for the G650, including a letter of intent (LOI) from Abu Dhabi-based Prestige Jet to purchase five aircraft. Gulfstream has not stated publicly how many orders it holds for the airplane, but the most recent earnings report from its parent company, General Dynamics, provides some data from which inferences can be drawn.
Two weeks before Gulfstream Aerospace unveiled the G650 on March 13, a JP Morgan analyst report said the Savannah, Ga.-based aircraft manufacturer would launch two new aircraft models this year. It now appears that the launch of this second new Gulfstream–the G250, a successor to the super-midsize G200–is nearing and could possibly come at the NBAA Convention in October.
Gulfstream Aerospace parent General Dynamics late last month reported a 25-percent increase in profits during the second quarter, thanks in large part to climbing sales of Gulfstream business jets. The company posted a second-quarter profit of $641 million, up from $513 million in the same period a year ago, on sales of $7.3 billion.
Gulfstream Aerospace parent General Dynamics yesterday reported a 25-percent increase in profits during the second quarter, thanks in large part to climbing sales of Gulfstream business jets. The company posted a second-quarter profit of $641 million, up from $513 million in the same period a year ago, on sales of $7.3 billion.
General Electric Aviation Systems (Hall 4 Stand B7) has long been a pioneer in the more-electric aircraft concept but now is finding that rising fuel prices are increasing the impetus for the technological shift.
Just over a year after completing its biggest acquisition to date, Meggitt group has, according to chief executive Terry Twigger, made significant strides in its ongoing goal of achieving meaningful synergies between a diverse product range spread among its three core divisions: sensing systems, aerospace equipment and defense systems.
The success of Rolls-Royce’s flight test program for the Boeing 787’s Trent 1000 engine has led it to consider retaining the Boeing 747 it acquired for the tests and using it as a flying test bed for future programs. These programs include the new RB212 turbofan Rolls-Royce is developing for the Dassault Falcon super mid-size business jet.