Bill Boisture, who resigned suddenly in April as president of Gulfstream Aerospace, has been on the job for the last 30 days as president of NetJets. He joined the Woodbridge, N.J.-based fractional-ownership operator early last month and is directing the company’s North American operations out of Columbus, Ohio.
Gulfstream reported delivering 19 jets in the third quarter, two more than the same period last year. But for the nine months ending September 30, Gulfstream delivered 53 aircraft this year versus 68 last year and 76 in 2001. Gulfstream projects it will deliver 50 large aircraft (G300 and above) this year. The company delivered 85 aircraft last year and 101 in 2001.
Gulfstream Aerospace took the wraps off its newest model, the G450, at the NBAA Convention last month. The fourth example (S/N 4004) of the GIV-X (or next-generation GIV) was on static display at Orlando Executive Airport, along with two G550s, a G400, a G200 and a G100.
Gulfstream Aerospace's announcement yesterday of four new directors at its Savannah, Ga. headquarters hints at design elements for the widely expected G600, which is thought to be a composite-fuselage, long-range widebody business twinjet. Gulfstream has repeatedly denied such speculation, and a spokesman today maintained there officially is no G600 model, even though the company holds trademarks for this model name, the G625 and G675.
General Dynamics’ aerospace segment, which includes Gulfstream, saw its third-quarter earnings rise 37 percent, to $226 million, while sales climbed 21 percent, to $1.31 billion. International sales are rising and accounted for 53 percent of Gulfstream’s orders in the three-month period, a trend evident throughout the industry.
General Dynamics said yesterday that its third-quarter earnings rose 25 percent thanks to demand for its Gulfstream business jets and healthy combat systems growth. The company’s aerospace segment, which includes Gulfstream, saw its earnings rise 37 percent, to $226 million, while sales climbed 21 percent, to $1.31 billion.
The current and projected soft economy and related depressed sales market for business jets has result-ed in a nearly one-year schedule extension of the Gulfstream 150, according to Gulfstream Aerospace.
Gulfstream Aerospace acquired the maintenance operation of BBA Aviation’s facility at London Luton Airport, making the facility the first Gulfstream-owned service center outside the U.S. The facility will continue to provide maintenance for Citations, Falcons and Hawkers, as well as all Gulfstreams.
Signature Flight Support expects to open its new 74,000-sq-ft hangar at London Luton Airport this month. Alongside the new facility is a 10,000-sq-ft office unit, and about half of this space has been rented to based corporate operators to date.
A further 5,000 sq ft of accommodation is also being built for completion by the end of July, and this will be available for stores or more offices.
As a result of its expanded product line of new and derivative aircraft–seven models in all–Gulfstream Aerospace recently reorganized its sales team.