Gulfstream Plans to Deliver G700s in First Quarter This Year Written 26 January 2024


Gulfstream G700 at 2022 NBAA-BACE, Orlando Executive Airport. | Credit: ZLEA; Wikipedia; CC BY-SA 4.0 DEED

FlightGlobal reports that Gulfstream “is hoping that deliveries of its G700 can begin in the current quarter after slower than anticipated certification of the ultra-long-range business jet by the Federal Aviation Administration caused revenue and profit to fall below expectations for 2023.” US type approval “for the Rolls-Royce Pearl 700-powered G700 was anticipated in the fourth quarter, enabling 15 deliveries by year end.” However, that “did not happen, causing Gulfstream’s parent General Dynamics to miss out on around $1 billion in revenue and $250 million in earnings for the three-month period.” General Dynamics CEO Phebe Novakovic “said Gulfstream has told the first customers for the jet to ‘schedule their pre-delivery inspections contemplating delivery this quarter.’” Gulfstream expects to “deliver 50 G700s this year, a large proportion of the 160 jets it expects to hand over in 2024.”
Full Story (FlightGlobal)