“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 Aerospace maintains an optimistic outlook for business aviation, citing an influx of new buyers—including some first-time purchasers of high-end models—that is helping to offset pandemic-induced challenges.
- The G700 program has remained resolutely on track despite the pandemic, with five test articles flying and the first aircraft nearing completion.
- The company adapted its operations during the crisis, continues to prioritize sustainability in aircraft design and fuel use, and projects stable pricing and an ongoing uptick in flying activity into 2021.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
