G650, developed by the Gulfstream engineers in association with a customer advisory board, offers a new standard in business travel. The unfettered wings of G650 offer a highly efficient airfoil that delivers speed and incredibly smooth ride. Gulfstream Aerospace Corp. expresses inability to keep pace with demand from the rich.
Gulfstream has brought its entire business jet fleet to the Singapore Airshow scheduled to get started on February 16. Within the entire fleet, G650 personal jets deserve special attention. The buyers may have to wait up to two years to get delivery of the jet after paying the value of $65 million, reports Bloomberg quoting Scott Neal, senior vice president of worldwide sales and marketing for Gulfstream, while covering a TV interview.
The dilemma started with the announcement made by Gulfstream's parent company General Dynamics on fewer deliveries of aircraft in 2016 compared to the previous year. The announcement has been made by General Dynamics CEO and Chairman Phebe Novakovic during company's fourth quarter investor relations call, reports Corporate Jet Investor.
Demand and popularity of G650 family as personal jets have been increased since the aircraft are capable of flying at more than 92% speed of sound for thousands of miles. The aircraft also offer fly-by-wire precision teeming with advanced technologies, reads the G650 description published in Gulfstream website. Hailing from Savannah, Georgia, Gulfstream is witnessing the strong demand for personal jets from Corporations and chief executives. The ever growing demand is forcing the General Dynamics Corp. unit to increase production of planes in the G650 family. Gulfstream is grabbing share from rivals with the flagship large cabin aircraft. The market is getting more receptive to the usefulness of a private aircraft while running a business. Asians have been forecast to own as much as 20% percent of the global luxury jet fleet by 2017 since economic growth generates new millionaires. Southeast Asia will create the next wave of demand for private aircraft. Demand for personal jets will benefit Gulfstream, Embraer SA and Textron Inc.'s Cessna, forecasts Jetsolution International Services Ltd., an aviation consultant. Studying Asia as the most potential market, Gulfstream has appeared in the Singapore Autoshow with an offer for next available production slot in 2018.
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