Gulfstream

Good News For Gulfstream As Industry Turns Corner

It sounds like the people at Gulfstream are in for a better 2010 than they had in 2009.  Jay Johnson the CEO and chairman of General Dynamics which is the parent company of Gulfstream stated,  “We’re seeing a gradual improvement in the business jet market.”  This was stated during the company’s second-quarter financial conference held yesterday. Johnson went on to state, “Gulfstream flying activity is up and we’re seeing a 16-percent increase in aircraft service sales…The industry has turned the corner.”

Gulfstream often seen as the leader in the business aviation space and one of the stronger markets in the industry is a good indicator of where the business of jet aviation is headed.  Most of the numbers for Gulfstream are up in most of its orders in all categories.  It was stated that Johnson expects sales to rise by “low to mid single digits” this year, with “steady growth” in revenues next year as G250 and G650 deliveries start in the second half.

Gulfstream numbers are not reflective on the entire industry but it is good to hear that corporate jets and jet aviation is beginning to “turn the corner”.  We at Corporate Jet Insider believe it to be about time.

Apple Executive Chooses Gulfstream As Corporate Jet

There is always a number of people buzzing in the technology community when Apple comes out with a new product or there is a new press conference about its latest news.  The Apple community is very loyal and they have a very sought after following in the mobile market.  I am an Apple user in their laptops and computers, but I have not yet adopted the iPhone.  It has to do with the service I use, but I still look forward to seeing what is the latest in the world of Apple.  On Friday, Steve Jobs the leader of Apple held a press conference on the latest iPhone4 and I was one of the ones that paid attention to what was being said.  The conference ended and they opened it up for questions and right out of the box, the first question asked Jobs how he was feeling and about his health. He responded by saying he felt better last week while he was on vacation in Hawaii and not working.  This made me think about the way he travels.

Steve Jobs has been known for his salary of $1 per year, but he also has a number of things that are required under his compensation agreement.  Part of that is his corporate travel.  Steve Jobs chooses to travel on a corporate jet owned by the Apple company and I assume his latest trip to Hawaii was no different.  What business jet does Steve Jobs use?  He travels around in a well publicized Gulfstream V.  The Gulfstream which is pictured here is top of its class and a great way for the Apple executive to get around on his many travels.

Jobs no doubt has many reasons to travel on the Gulfstream and security is probably a main component of that idea.  With the secrecy of what goes on in Apple and the number of corporations looking to beg, borrow or steal from the innovations and for journalists looking to get the scoop on what is going on at Apple, I can bet that security is a big decision why Gulfstream is sailing through the skies with this top executive.  You too can own a Gulfstream V for your corporation.

[Photo via John R. Beckman at Airliners.net]

What is the fastest corporate jet? Comparing Citation X and Gulfstream

I have seen this asked many times in forums and in other circles.  Many jet owners need not worry too much about the speed unless of course you are in a hurry.  Overall, the speed of an aircraft might be one of the criteria for picking what works for your needs, but you have to weigh all factors when purchasing your corporate or business jet.  I was reading recently over at the FlightGlobal blog about the new Gulfstream 650 and its recent announcement at the EBACE 2010 event of its latest test of reaching mach .925.  The announcement is a great benchmark and something that is a feather in the cap of the folks over at Gulfstream.  The info at Flightglobal stated:

On May 2, Gulfstream achieved mach .925, when certified will make the new business jet the world’s fastest civil aircraft. Gulfstream conducted its high speed testing at 42,500 feet and achieved buffet-free banking up to 45 degrees at high speed cruise. The program has accumulated 138hr over 48 flights since its November first flight. The third flight test aircraft is expected to make its first flight in the next week. The company expects to receive its Type Inspection Authorization from the FAA in the fourth quarter of 2010.

The interesting part of the post however, and the post itself was interesting, was not necessarily in the above statement, but more with the comments that occurred on the post itself by the people that read the announcement.  They were debating whether the Citation X and the Gulfstream were comparable.  This goes along with the idea of having a list of the needs you have when making a decision to buy a corporate jet.  Take a moment and read through the comments and see if you agree or disagree with the ideas there.  If you had to choose an aircraft what would be your criteria?

What Type of Corporate Jet Do You Need?

There is a how to for just about every single industry out there.  That is no different than a simple “How To Buy A Personal Jet“.  One of the things that stood out to me was the basics of the “how to” section.  For instance it seems pretty simple to pick out the jet you need.  All you need to do is find out how many passengers will be using the jet and how far you will be traveling.:

Determine the size and flying range you’ll need. Light jets ($3 million to $8 million) can take 5 to 8 passengers roughly 2,000 miles (3,219 km); midsize executive jets ($9 million to $16 million) can take up to 9 passengers from 2,000 to 3,000 miles (3,219 to 4,828 km); and large executive jets ($17 million to $45 million) can carry 12 passengers more than 4,000 miles (6,437 km). The more popular makers and models are: Learjet, Boeing Business Jet, Cessna, Gulfstream and Dassault Falcon.

Of course there are many more variables to take into consideration when purchasing a corporate jet and we will intend to discuss some of those things here, but I like when they boil things down to the very basic levels.  If you are in the market for a corporate jet, a personal use jet or are looking for more information, contact us.  We can also make this a simple process, but the most simple we can make it is to allow us to handle your purchase.

Gulfstream Adds Support of Products in China

The corporate jet marketing is rapidly growing in China and Gulfstream is adding some support to Deer Jet of China.  Deer Jet is one of the largest corproate jet fleets in China and Gulfstream announced in its news release on June 1 that it will be adding a support team to handle the company’s fleet of Gulfstream Jets.

Deer Jet owns three Gulfstream G550s, two Gulfstream GVs, four Gulfstream GIVs and four Gulfstream G200s.  The company in China will be getting a maintenance technician, avionics technician and quality-control specialist. In addition, Deer Jet and other regional customers will have access to two Gulfstream interior technicians based in Hong Kong and a Gulfstream field service representative (FSR) based in Beijing.  Gulfstream will also be expanding its presence in China to include the positions of a Product Support regional program director, an international distribution manager for parts and materials, an FSR.

This was interesting information from the release:

According to published reports, China’s private-jet market is expected to grow by a world-leading rate of 15.6 percent from 2009 to 2018. A wholly owned subsidiary of Hainan Airlines Group, 16-year-old Deer Jet grew by 32 percent in 2009 and is projected to grow by 60 percent in 2010. Approximately 30 private jets are currently registered to operate on China’s mainland. Including its in-service Gulfstream aircraft, Deer Jet operates 23 corporate jets, three of which are owned by private customers. This year, Deer Jet plans to add at least 10 new jets, all owned by private customers, to its fleet.

China continues to expand and become a great place for businesses to expand their reach and their sales.  Gulfstream is one of the leaders in the corporate jet industry and we are glad to see them succeeding not only here in the United States but abroad in China.  Congratulations from all of us at L & L International and the Corporate Jet Insider!