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Record-Breaking Fleet Grows Around the World

RESTON, Va., Nov. 25, 2019 /PRNewswire/ — General Dynamics (NYSE: GD) announced today that the Gulfstream G500 has been delivered to its first European customer. An undisclosed Western-Europe-based charter operator took delivery of the aircraft at Gulfstream Aerospace headquarters in Savannah, Georgia.

The G500 earned certification from the European Union Aviation Safety Agency on Oct. 11 and is in service in North America, Brazil, the Middle East and Europe.

“We are excited about making G500 deliveries to Europe,” said Mark Burns, president, Gulfstream. “Since the introduction of the jet in 2014, customers around the world remain impressed and enthusiastic about the innovative cabin, next-generation technology, including the award-winning Symmetry Flight Deck, and high performance, speed and range capability of the aircraft. As the G500 fleet continues to grow in Europe, and around the world, its advanced technology raises the bar for business aviation.”

The G500 can travel 4,400 nautical miles/8,149 kilometers at Mach 0.90 and 5,200 nm/9,630 km at Mach 0.85. Its Symmetry Flight Deck features the first electronically linked active control sidesticks in civil aviation, the most extensive use of touchscreen technology in business aviation and a data concentration network, all of which streamline operations and reduce pilot workload.

Passengers also benefit from technology in the cabin. Along with award-winning, bespoke interior design, the G500 offers the Gulfstream cabin experience of 100 percent fresh air, 14 Gulfstream panoramic windows, a low cabin altitude and whisper-quiet sound levels.

ORLANDO, Fla. (Reuters) – Gulfstream Aerospace expects growth in both sales opportunities and deliveries next year, as the U.S. business jet maker brings two new large-cabin corporate planes to market, company President Mark Burns said on Wednesday.

Burns said in an interview that the entry into service of the company’s new G500 and G600 business jets will drive market growth for Gulfstream, a division of General Dynamics Corp. (GD.N)

“I expect next year will be a growth year,” he said on the sidelines of the National Business Aviation Association annual corporate jet show in Orlando, Florida. “We’re bringing two new airplanes to market at a time when the market is improving.”

After years of sluggish sales, potential buyers at the show are looking closely at new aircraft models with longer ranges and technology for smoother rides, while weighing the advantage of recent U.S. tax deductions. Hopes for new orders in the industry have also been underpinned by a dwindling supply of pre-owned aircraft.

Burns said he is confident that Gulfstream will meet its existing 2018 plans to deliver between 115 to 125 planes this year, although he could not be more specific ahead of the company’s third-quarter earnings report next week.

The G500 was certified in July and its first delivery was made in September. The slightly larger G600, which can fly nonstop from London to Los Angeles, is expected to be certified by year’s end and enter service in 2019.

A 10-year outlook by Honeywell Aerospace (HON.N) ahead of the convention forecasts up to 7,700 new business jet deliveries worth $251 billion from 2019 to 2028, up 1 percent to 2 percent from the 10-year forecast in 2017.

(Reporting By Allison Lampert; editing by Jonathan Oatis)

Tag: Mark Burns

General Dynamics Begins Gulfstream G500 Deliveries to Europe

Gulfstream Expects Business Jet Market Growth In 2019

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