Gulfstream Aerospace announced that its Gulfstream IV-SP has achieved a 99.6-percent dispatch reliability rate over the past year, while the GV dispatch rate is now exceeding 99 percent. The fleet of GIVs, GIV-SPs and GVs comprises some 551 in-service aircraft, and the GIV fleet alone recently passed a cumulative total of 1.5-million in-flight hours and exceeded a fleet total of 770,000 landings.
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.
Wing Aviation recently began construction of a 54,000-sq-ft facility to house its new Gulfstream maintenance center at the Montgomery County Airport in Conroe, Texas, located approximately 45 mi north of Houston. The new facility is scheduled to open in April 2002.
Flight testing of Gulfstream’s GV-SP is back on pace following a schedule interruption caused by last month’s terrorist attacks. The latest ultra-long-range business jet from Gulfstream Aerospace, the GV-SP made its first flight on August 31, four weeks ahead of schedule and well on the way to an expected certification date late next year.
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.
Gulfstream Aerospace is the first aircraft manufacturer to receive FAA Organizational Designation Authorization (ODA), which allows the company to act on the agency’s behalf to examine initial phase manufacturing of its own aircraft designs, production quality and airworthiness in Savannah, Ga.
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.
That sound you hear is the subdued tightening of belts as business aviation faces a recession after a half-decade of unprecedented growth.
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.