“There are a lot of new buyers in the marketplace,” said Mark Burns, president of Gulfstream Aerospace. That observation explains the positive outlook maintained by the leadership team at the business aviation OEM—in spite of a soft second quarter and the ongoing prospects of unease in the economy into 2021. The pandemic has taken—in upsets to the company’s supply chain as well as its own operations as it has navigated the year—but it has also given back in other ways. Burns noted that the dramatic change in the playing field during 2020 has acted as “an accelerant for new businesses” with their accompanying need to travel, and to meet with customers and suppliers. And enough of these new entrants to the marketplace have turned to business aviation as a solution to start making up for other losses in the corporate aviation world.
Gulfstream Leadership Looks Forward to 2021
Key Takeaways:
- Gulfstream maintains an optimistic outlook, buoyed by an influx of new business aviation buyers, including first-time purchasers opting for high-end models, despite initial economic softness and supply chain disruptions.
- The company successfully adapted its operations during the pandemic, keeping the G700 development program resolutely on track with five test articles flying and the first aircraft soon entering completion.
- Gulfstream continues to prioritize sustainability in aircraft design and operations, maintains stable pricing, and anticipates continued deliveries and market growth into 2021.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
