Revenues Up at Gulfstream, GV Avionics, Embraer Lineage 1000E, 10-Year Outlook
Posted on May 1st, 2019
Revenue and deliveries up at Gulfstream
In the third quarter of 2015, Gulfstream’s parent company, General Dynamics, reported an increase in revenue and deliveries. The company’s revenue went up by 2.4%, and outfitted deliveries saw a significant 38% increase compared to the same period in 2014. It’s worth noting that the revenue data for General Dynamics includes figures for Jet Aviation.
Although the company doesn’t give delivery figures by aircraft model, it’s estimated that the final tally of Gulfstreams delivered is 31 large cabin jets and 12 mid-size cabin jets.
The mid-size cabin segment at Gulfstream, which encompasses the Gulfstream G280 and Gulfstream G350, saw a remarkable 100% surge in deliveries. It’s reported that the number of aircraft delivered in Q3 2014 doubled from 6 to 12 in Q3.
Embraer’s Bottom Line Improved by Business Aviation
Embraer’s revenue from executive jets nearly doubled in the third quarter, thanks to a 100% increase in deliveries to 30 aircraft.
The segment’s revenues increased from $213 million in the same period in 2014 to $402 million this year. Additionally, commercial jet revenues for the Brazilian manufacturer rose by 4.2% compared to the first quarter of 2014, with 21 deliveries, up from last year. These improvements helped Embraer counter the sharply lower revenues from the Defense & Security segment, where sales dropped from $346 million in the third quarter of the previous year to $182 million this year. The KC-390 airlifter is expected to resume flight tests after an eight-month pause in October.
Continue reading about Embraer business aviation on flightglobal.com>>
Forecasted Demand Expects 10-Year Increase
According to a new report from aircraft acquisition services/brokerage company, the demand for business jets is expected to reach 8,775 over the next 10 years, with a projected market value of $271.1 billion through 2024. The forecast also predicts a $7 billion market for business aviation collectively between Honeywell, Rockwell Collins, and Garmin.
Ultra long-range business jet charters, such as Bombardier’s Global family, are expected to be in high demand.
The international aircraft acquisitions company based its forecast on interactions with all of the principal players involved in executing tasks across the aircraft sales cycle. Jetcraft’s experts analyzed each major purchasing region, including North America, Latin America, Europe, the Middle East and Africa, as well as the Asia Pacific and Russia. The forecast found that North America will continue to be the world’s largest market for business aircraft purchasing.
What’s inside a 52 million dollar private jet?
With an onboard dishwasher and shower among its extensive luxury amenities, the Embraer Lineage 1000E was one of the best planes on display at Europe’s biggest private jet show, EBACE.
During the summer, Geneva hosts the annual EBACE airplane market, where 58 private planes and helicopters are displayed for both charter and sale. The aircraft are parked on a spacious paved hangar-sized area adjacent to the airport’s international runway. If the notion of an individual spending an amount equivalent to the GDP of certain countries on a private jet blows your mind, then it’s advisable to steer clear of this event.
While the majority of private jets were designed as compact and efficient means of transportation for business executives to attend meetings, there are exceptions such as the Embraer Lineage 1000E. This particular aircraft stands out as it was specifically built for traveling in style to locations around the globe. Although the plane costs upwards of 20,000 USD per hour to charter, last year, there was an increase in demand for these “VIP Airliner Charters”. These jets are made and outfitted for people who want the best in life, at any cost. For instance, two Boeing 747-8 BBJs are currently being finished to customers’ standards ahead of their deliveries.
Gulfstream Offers FANS 1/A+ Solution for Operators of the GV Models
Experience the benefits of the state-of-the-art Fully Integrated Avionics System, designed to meet mandates, enhance safety, and reduce operating costs while also cutting down flight times to and from Europe.
Gulfstream Aerospace Corp. announced it has approval from the U.S. Federal Aviation Administration (FAA) to install the soon-to-be-required communication and surveillance system, Future Air Navigation System (FANS) 1/A+, on Gulfstream V aircraft.
FANS 1/A+ was developed to address the ability of air traffic control (ATC) to handle a dramatic increase in aircraft traffic. The avionics system uses automation and satellite-based technology to improve aviation communication, surveillance, and traffic management.
FANS 1/A+ benefits include:
– Reduced fuel burn and flight time by accessing shorter flight tracks
– Reduced pilot workload
– Reduced separation between aircraft, allowing for increased air traffic
– Flight details are automatically communicated to ATC through a VHF or SATCOM data links
As reported by Gulfstream FANS 1/A at gulfstreamnews.com>>
Tags: gulfstream, business aivation
