Chad is the editor of AINalerts, AIN's daily business aviation newsletter, and is also the news editor at AIN Media Group.&nbsp;He has been writing about aviation, with an emphasis on business aviation, since 1994. Chad started his writing career at The Avion,&nbsp;the&nbsp;student newspaper at Embry-Riddle Aeronautical University in Daytona Beach, Florida, serving as editor-in-chief before graduating with a bachelor's in aeronautical science. After a stint as managing editor at Professional Pilot&nbsp;magazine, he joined&nbsp;AIN in late 1998. Chad holds a commercial pilot certificated with instrument and multi-engine ratings, and he also is a CFI/CFII. He lives and works from his home in Venice, Florida.

Online Editor

Chad Trautvetter

Though second-quarter revenues and profits dipped slightly at Gulfstream Aerospace, the Savannah, Ga.-based aircraft manufacturer still recorded a “strong” quarter, Phebe Novakovic, chairman and CEO at parent company General Dynamics, said yesterday during an investor conference call. Revenues at the aerospace division, which also includes Jet Aviation, came in at $1.995 billion during the quarter, down from $2.053 billion a year ago. Year-over-year profits slid only by $5 million, to $384 million, thanks to higher margins that were primarily the result of continuing efficiencies in G650 production.


Revenues were down mainly as a result of the mix of aircraft delivered. Though completed aircraft deliveries rose to 38, two more than in the second quarter last year, large-cabin shipments fell to 26 from 30 a year ago, while midsize deliveries rose to 12 from six. In the first six months, Gulfstream delivered 77 aircraft (59 large-cabin, 18 midsize) versus 65 (55 large-cabin, 10 midsize) in the same period last year.


The backlog at the aerospace group stood at $14.648 billion at the end of June, down approximately $300 million from late March. Novakovic said the backlog is still quite strong and that sales of large-cabin Gulfstreams–particularly the G450 and G550, which currently account for 70 percent of sales–“remain robust.”

Deliveries Continue To Climb at Gulfstream

Gulfstream delivered 77 aircraft (59 large-cabin, 18 midsize) versus 65 (55 large-cabin, 10 midsize) in the same period last year.

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