Posts Tagged ‘business jets’

Gulfstream set to announce new jet

Wednesday, October 8th, 2014

Aerospace consultant Brian Foley of Brian Foley Associates predicts Gulfstream Aerospace will be the “talk of the town” next Tuesday Oct. 14 when the company summons aviation reporters to its Savannah headquarters for a major announcement. That announcement will be the mysterious P42 project, the Gulfstream 450 replacement. The current 10-year-old 450 program is a 4,350 nautical mile, 16-passenger, Mach 0.88 aircraft with a maximum weight of 74,600 pounds. If Foley is correct, Gulfstream promises to be the star of the upcoming National Business Aviation Association convention in Orlando starting Oct. 21. It won’t be just about the new jet but how the jet is made using modern technology.

There are good reasons to assume Foley is correct. J.P. Morgan’s Joseph B. Nadoll III said last year that Gulfstream would put off a launch of its G450 replacement (code named P42) until next year. It did. Gulfstream execs began hinting in August of 2014 at the Latin American Business Aviation Conference that they might unveil the P42 project soon. It will be a family of jets. Pre-announcing is a break with the “big surprise” theory of public relations still followed by most jet companies that wait for NBAA or some other major conference to reveal the news.

What will all the other companies be doing? Foley gave this rundown. Cessna (owned by Textron Aviation to include Beechcraft) is working on previously announced jet programs, as is Dassault. Bombardier seems caught up by internal turmoil and changes in management, and may not even finish some of the projects previously announced. Embraer has its “work cut out for it,” Foley said, building previously announced aircraft. (Gulfstream, the stage is yours.)

Something to look for is a coming transformation in engine fuel efficiency (15% improvement) based on technology already in use by the airlines, Foley said. He predicted one of the airframe companies will “grab the technology and run with it.” Whether it’s this year or five years from now, it will happen, he said.

Hawker jet line to find owner by mid-year

Wednesday, March 27th, 2013

Beechcraft Corporation will sell off the jets the company once made as the former Hawker Beechcraft by mid-year. Dow Jones Business News had a report on the possible sale last month. The last time the jets were almost sold, the interested parties, according to the Dow report, were: Textron (parent company of Cessna), Mahindra and Mahindra of India, Embraer of Brazil, New United of China, and Carlyle Group, an investment company. There are new parties interested, the Dow report indicates.

Next stop, bidding war for Hawker jets

Friday, February 1st, 2013

Sure, Hawker Beechcraft is emerging from bankruptcy, but the magazine Corporate Jet Investor says that isn’t the end of the drama. Next stop? A bidding war for the jet assets. Alasdair Whyte of the magazine says in a personal newsletter that bidders ought to step up, now that Beechcraft (the new name) is rising from the depths. The magazine has previously speculated on who the bidders might be. In that article, the contestants listed are: Mahindra & Mahindra, India’s largest auto maker and supplier of components to Boeing and Gulfstream; Nextant/Directional Capital which already offers the Hawker 400XP aircraft; AVIC, known as China Aviation Industry Corporation (AVIC) that has joint ventures with both Embraer and Cessna and owns Cirrus Aircraft; Xi’an Aircraft International that acquired Austrian composite parts maker FACC in 2009; Hunan Boyun that makes carbon-fiber auto and aircraft parts; and BAE Systems that just might want its own commercial aircraft business.