Brexit Jitters Stall Some Jet Sales at Gulfstream | Aviation International News

Brexit Jitters Stall Some Jet Sales at Gulfstream

But prospects are still good and the continued solid U.S. economy and quick stock market recovery calmed nerves of potential buyers.

Sales prospects for Gulfstreams were spooked by the Brexit vote, causing them to delay their purchases of midsize and large-cabin jets from the Savannah, Ga.-based aircraft manufacturer. But their nerves were calmed by the continued strong U.S. economy and quick post-Brexit stock market recovery, Gulfstream said.

By Chad Trautvetter • Online Editor

July 27, 2016

The Brexit vote put a damper on Gulfstream sales at the end of the second quarter, but prospects are still good—“better than any [other] time so far this year”—and the continued solid U.S. economy and quick stock market recovery after the UK voted to exit the EU has calmed the jittery nerves of potential buyers, Phebe Novakovic, chairman and CEO of parent company General Dynamics, told investors today. Geographically, half of the jet orders placed in the quarter were from North America, with the remainder from the Middle East, Asia, Europe and South America, “in that order,” she said.

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