Gulfstream Aerospace this morning unveiled the G250 to succeed the G200 (née Galaxy), which was the first super-midsize business jet to enter service–back in January 2000. This marks the second new aircraft launch this year for the Savannah, Ga.-based manufacturer, following the official go-ahead for the ultra-large-cabin G650 in March.
Gulfstream Aerospace is demonstrating its second-generation enhanced-vision system (EVS II) on its G150 experimental flight-test aircraft here at the NBAA Convention.
Gulfstream Aerospace (Booth No. 275) last month delivered the 200th large-cabin, mid-range G200. As of June 30 the in-service fleet had accrued nearly 320,000 flight hours and completed more than 200,000 takeoffs and landings since the model’s entry into service eight years ago. In addition, the large-cabin, long-range G450 and large-cabin, mid-range G350 fleets recently surpassed 100,000 flight hours each.
Gulfstream Aerospace, in late August, opened the second phase of its new R&D center in Savannah, Ga., dedicating the facility to the efforts of its research and development employees over the 50 years that took the company to its half century this year. Federal, state and local dignitaries joined Gulfstream parent company General Dynamics chairman and CEO Nicholas Chabraja and Gulfstream top management to participate in the opening.
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 Aerospace last month celebrated the 50th anniversary of the first flight of the Grumman Gulfstream I turboprop twin. According to the Savannah, Ga.-based company, the GI “laid the foundation for the future family of Gulfstream aircraft.” It received FAA certification on May 21, 1959, and was in production for 10 years. Grumman built 200 GIs, and about one-third of them are still in service, Gulfstream said.
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.
Gulfstream Aerospace parent company General Dynamics has agreed to pay approximately $2.25 billion to buy Jet Aviation from the Permira Funds private-equity group. Subject to antitrust legal approval, General Dynamics’ acquisition of all Jet Aviation stock should be complete by year-end after Permira subsidiary Dreamliner Lux signed a SwF2.45 billion purchase agreement on August 19.
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.
General Dynamics, parent company of Gulfstream Aerospace, today agreed to pay approximately $2.25 billion to buy Jet Aviation from the Permira Funds private equity group. Subject to antitrust legal approval, General Dynamics’ acquisition of all Jet Aviation stock should be complete by year-end.