Gulfstream enjoys seven-fold growth in Russia and CIS countries

Over the past 6 years, Gulfstream Aerospace has garnered a seven-fold growth in the Russia and CIS market, with the number of its aircraft based in the region rising from 11 in 2007 to 76 as of the end of June this year. According to Trevor Esling, the US producer’s senior vice president for global sales, this year’s initial first-half proved to be the slowest period for Russia and CIS sales because the financial crisis of 2009 briefly unsettled this development market. However he has high hopes for an uptick in the remainder of this year. At the JetExpo 2013 Moscow show, Gulfstream is exhibiting its G650, G280 and G450 models. The brand-new G650‘s mix of long-range, high-speed and a roomy cabin suggests that it significantly fits the profile for Russian clients. However interest is likewise increasing in its super-midsized G280 sibling and Esling claimed that the brand-new design is now offering an appealing substitute to the rival Bombardier Challenger 300 and 605 models. Of the 76 airplane now based in the area, 53 are in Russia itself and the staying 23 are in various other CIS states, with Esling recognizing Kazakhstan and Ukraine as brand-new hot-spots for business jet demand. In Russia, the consumer foundation continues to be controlled by high-net-worth individuals along with companies. In reality there is a great deal of overlap in between these 2 groups because the individuals are commonly the main investors of the business using the aircraft, particularly in sectors such as the growing oil and gas sector. Typically, investing conditions for business air charter companies have actually improved in Russia in regards to lessened administration and market regulations. “There are still some abnormalities on tax issues, such as VAT, and efforts have begun to attempt to make the tax structure much more equal to that of the European Union,” pointed out Esling. He added that flight terminal infrastructure for business aircraft has actually improved in Russia, but that this as well still needs even more focus. Gulfstream’s main customer support presence in Russia is via the Jet Aviation licensed service center in Moscow. The business has a field solution agent in the Russian capital and its field and airborne support teams additionally are active in Ukraine, along with parts of Western Europe that are prominent with Russian aircraft owners. The Gulfstream service center at London Luton Airport likewise is a practical facility for many Russian consumers due to the fact that many of them have homes in the UK.

Tags: gulfstream, g650, G450, challenger 605, Challenger 300, Gulfstream Aerospace, G280

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