Aviation International News reports, “Deliveries from the top-five business jet OEMs are forecast to jump by 17 percent from an estimated 575 in 2023 to 670 deliveries in 2024, according to investment research firm Jefferies.” This would top “the 652 delivered in 2019, according to the analyst.” Driving “this growth are new programs – including Gulfstream’s flagship G700, which is anticipated to soon enter service, and Dassault Aviation’s Falcon 6X – along with an easing of the supply-chain headwinds, Jefferies added.”
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Tag: Business
Gulfstream Finalizes G700 Testing, Puts G800 on Deck
Aviation Week reports that Gulfstream’s five G700 test flight aircraft are winding down from certification test flight, with FAA approval anticipated sometime this fall. The G700 is experiencing strong sales, with deliveries rolling out into late 2026. But Gulfstream is still looking to the future with the G800 ultra-long range business jet, seeking to replace the current G650 model. Gulfstream’s test plan for the G800 will be less intensive than the G700, due to the G700’s test flights doing much of the “heavy lifting” for flight testing. Gulfstream CEO Mark Burns said, “Things like flights into unknown icing and flammable fuel drainage, and all the difficult things you have to get through for testing an airplane, do not have to be repeated on the 800.” Gulfstream estimates it “will take 6-9 months after G700 certification is complete to finish G800 certification.” The company is targeting early 2024 for FAA certification of the G800.
Full Story (Aviation Week)
Embraer Capitalizes on Business Jet Market
Aviation International News reports that Embraer “is riding the tide of new business jet buyers entering the market.” Embraer Executive Jet President Michael Amalfitano said, “New users are coming into the marketplace, and we are very well positioned with our products because those first-time buyers are coming to buy entry-level light jets and medium-category aircraft; whether they do that in a purchase sense or user sense, the numbers are significantly growing.”
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Russian Business Aviation Near Collapse
Aviation International News reports that Russia’s business aviation industry “is on the verge of collapse due to the EU and U.S. closing their airspace to all aircraft owned by Russians in retaliation for Russia’s invasion of Ukraine.” Industry analysts predict this will “lead to the decline of business aviation traffic in Russia by almost 85 percent and force business jets owned or controlled by Russian interests to switch to Asian and domestic routes.”
Full Story (Aviation International News)