EBACE 2011: Gulfstream Sees Growing Orders, Product Support Business

Gulfstream Aerospace is well on its way to achieving certification of two new jets this year–the G250 and G650–as utilization of the nearly 2,000-strong, i

By Matt Thurber • Editor-in-Chief

May 16, 2011

Gulfstream Aerospace is well on its way to achieving certification of two new jets this year–the G250 and G650–as utilization of the nearly 2,000-strong, in-service Gulfstream fleet grows, new orders exceed deliveries and the product support business continues to expand. Gulfstream’s backlog at the end of 2010 was $17.8 billion, according to president Joe Lombardo, and projection for 2011 deliveries is for 90 large-cabin jets (up from 75 last year) and 15 super-midsize jets.

Demand for Gulfstream aircraft remains significant outside of North America, according to Lombardo. During the first quarter, about 70 percent of sales were international and half of those were from Asia. Utilization is up and Gulfstream fleet hours “have just about returned to 2008, pre-recession levels,” he said. The Savannah, Georgia-based OEM brought four jets to the EBACE static display–a G550, G450, G200 and G150. This Wednesday, Gulfstream will hold an operators conference here in Geneva.

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