Aircraft
'Battle of Bigs' Heats Up as Global 7500 Nears Entry
Citi says there’s an expectation that Gulfstream will soon announce a new product to maintain its position at the high end of the market.

The service entry of Bombardier’s flagship Global 7500 in the coming months will force Gulfstream Aerospace “to start thinking about how it positions the G650 in the market after facing minimal competition for six years,” according to a report issued yesterday by Citi Research. However, the entry of the 7500 into the market isn’t likely “to wreck G650 values,” because the 7,700-nm-range Bombardier jet has a higher price point, said Citi Research U.S. aerospace and defense senior equity analyst Jonathan Raviv.