Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Gulfstream designs, develops, manufactures, markets, and services business jet aircraft.

Kerry Lynch

Gulfstream Aerospace delivered fewer of its recently certified flagship G700s than anticipated in the second quarter, a slower start for the ultra-long-range model as the Savannah, Georgia manufacturer reportedly works through a last-minute modification. The G700 snagged FAA certification just as the first quarter ended, with EASA approval following at a relatively quick pace in mid-May.
While Gulfstream handed over the first two G700s in April, it had only delivered eight by early July, according to aircraft brokerage Hagerty Jet Group, which added that a handful of those remain in Savannah. “In April, General Dynamics reported that they will hand over 50 or more G700s by the end of the year...which seems a bit optimistic considering that we just turned the corner on the second half of the year,” Hagerty added.
Backing this is analyst Baird, which also counted eight deliveries in the quarter. Baird now expects some earnings to shift to the back half of the year. “We are surprised by the slower-than-anticipated start for G700 deliveries with so many airframes on the tarmac ready to be handed over to customers,” Baird analyst Peter Arment said in a July 2 report made public by Seeking Alpha. “We are reducing our 2Q24 EPS estimates by $0.28 to $3.02, well below the current consensus of $3.34.”
Hagerty further pointed out, “If you travel to Savannah, it’s hard to miss the dozen or so G700s on the ramp near the air traffic control tower.” Many of those are missing horizontal stabilizers, which are being modified to meet FAA-mandated changes, according to Hagerty. Gulfstream has remained mum about these modifications, the aircraft brokerage added, saying, “We know that many of them will have their bottoms repainted in addition to some bonding work to the tails, but additional details are vague.” Gulfstream has not yet responded to an AIN inquiry about the modifications.
Hagerty also has been keeping a close eye on the G650 preowned market since G700 deliveries began, but supply thus far has remained flat. The firm traced 10 transactions involving the model. As many as five sales are further pending out of 22 on the market. This puts the available supply at 17, representing 3% of the fleet. Prices have softened and, for older models, have dipped below the $30 million mark, Hagerty said. “This is right where we were in the depths of the pandemic in late 2020.”

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Reports: Gulfstream G700 Deliveries Lag in Second Quarter

Gulfstream expects to deliver at least 50 G700s this year, but only eight had been handed over by mid-year

Gulfstream reportedly is working through an FAA-mandated mod to the horizontal stabilizer on its G700 and was behind anticipated deliveries in Q2, reports say.

Reports: G700 Deliveries Lag in 2Q24

2024 Corporate Aviation Leadership Summit

Hanneke Weitering

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

Agreement covers up to 12 of the Alia-250 model and is Beta's second sale in New Zealand

New Zealand Air Ambulance Service Orders Beta's eVTOL Aircraft

New developments at airports including regulations and noise issues; legal disputes; openings, acquisitions and mergers.

Midnight eVTOL aircraft production begins in 2025

Archer Completes Georgia eVTOL Factory

AmyWilder

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Deliveries of the turboprop single can now start in the UK

Piper M700 Fury Secures UK CAA Nod

News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

Testing on Quarterhorse Mk 1 was completed in 21 days

Hermeus Completes Quarterhorse Demonstrator Ground Tests

Jessica Reed

News and issues about aviation maintenance, repair and overhaul (MRO), covering all segments of the aviation industry; and modifications for aircraft and engines. Subjects include product support of aircraft, engines and avionics, MRO company mergers, acquisitions, announcements and personnel, Airworthiness Directives, Supplemental Type Certificate approvals and other topics.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Leadership changes will go into effect on Jan. 1, 2025

Dave Yip To Take Over as Acting CEO of Metrojet

N1000-XSS1 technology demonstrator achieves first test flight

U.S. Start-up Nimbus Flies Electric Bizjet Demonstrator

Latest structural tests earned credits towards FAA type certification

Joby Completes Static Load Tests on eVTOL Aircraft Tail

Charles Alcock

News and developments about aircraft engines, including turbofan, turboprop, turboshaft and piston.

In this article

Gulfstream G700/G800

Gulfstream

More In Aircraft