Tag: Gulfstream

  • Gulfstream eyes African market

    Gulfstream Aerospace, an American manufacturer of business jet aircraft, is eyeing the African market as it continues to strategically position itself in a market whose landscape has changed.

    Hedi Fedak, the company’s Director of Corporate Communications, told The New Times, while showcasing their latest business jet in Kigali, that the firm was committed to grow its market share in Africa.

    “We have a very strong presence here on the continent. We have more than 80 aircraft in Africa, and that is pretty significant. This is a big deal for us to be here (in Africa), and particularly here at the aviation show. That is an indication of how important we think this market is,” she noted.

    Fedek said they have a tendency of constantly bringing new unique aircraft to the market and that they are driven by the “mindset of continuous improvement”, all of which will arguably position them in markets like in Sub-Saharan Africa and others.

    Gulfstream’s largest market segment has been large corporations, but they say there are changing consumer trends and a growing demand from private individuals.

    Gulfstream is showcasing its latest business jet, G500, in Kigali on the sidelines of the Africa Aviation Summit, a two-day meeting currently convening stakeholders from the aviation sector.

    The Gulfstream G500 was certified last July and deliveries began in September, and according to officials, there are already more than 10 jets of this kind in service around the world.

    “Our vision for this airplane is to make it the most technologically advanced and one of the fastest business jets in our fleet. There are a number of advancements and enhancements we’ve made to make it more technologically advanced and innovative,” she said.

    Some of these advancements include the cabin environment which provides 100 per cent fresh air, fastest speed of 956 kilometres per hour, fast wireless connectivity, bespoke conference area and private room, among other things.

    The G500’s nonstop reach connects distant cities such as Kigali to London capital of UK, Istanbul to Cape Town in South Africa, Los Angeles to London, and San Francisco to Tokyo in Japan.

    They believe this will give them a competitive advantage not just in their existing markets but in other markets where they are potential customers.

    According to Fedak, Gulfstream has invested over $1 billion in research and development, manufacturing facilities, state of the art technology, and customer support network, all of which she argued that differentiates Gulfstream and put them years ahead of where other companies are in this space.

  • Airline displays GulfStream’s G 280

    The new commercial sales representative of the Gulfstream, Skyjet Aviation Services Limited  has displayed  one of Gulfstream products, G280 in Lagos.

    According to the Director of Aircraft Sales, Bruce Fullerton, “we ( Skyjet and Gulfstream ) will be bringing a Gulfstream 280 Lagos. It was displayed at the weekend at the EAN Aviation hangar.

    “The Gulfstream   G280 has established itself as the super-midsise class leader in performance and economy.

    According to Gulfstream website,   “a newly designed long, sleeking and high-thrust engines increase range and speed, yet fuel economy is so well maximised the G280 has earned best-in-class fuel efficiency’’.

  • Photo: Display of Gulfstream 280 aircraft in Lagos.

    Photo: Display of Gulfstream 280 aircraft in Lagos.

    Authorized Representative, Gulfstream, Mr. Bruce Fullerton and Sales Engineer Senior Technical Specialist, Mr. Travis Karp being recied by Media Consultant, Mr. Ariyo Akinfenwa during the display of Gulfstream 280 aircraft at the Murtala Mohammed Airport, Ikeja, Lagos.   PHOTO: ISAAC JIMOH AYODELE.
    Authorized Representative, Gulfstream, Mr. Bruce Fullerton and Sales Engineer Senior Technical Specialist, Mr. Travis Karp being recied by Media Consultant, Mr. Ariyo Akinfenwa during the display of Gulfstream 280 aircraft at the Murtala Mohammed Airport, Ikeja, Lagos.
    PHOTO: ISAAC JIMOH AYODELE.
  • Govt votes N1.56b for  11th presidential plane

    Govt votes N1.56b for 11th presidential plane

    A NEW plane is set to join the presidential fleet.

    The fleet’s 11th plane – is Gulfstream- is to attract a N1.52million deposit, going by the 2014 budget.

    The aircraft is expected to cost about N8 billion, according to industry sources.

    The rest of the payment will be spread over one, two or three years before the jet is built and delivered.

    The expenditure is part of the projected spending contained in next year’s estimate, which was laid before the National Assembly last week by Finance Minister Dr. Ngozi Okonjo-Iweala.

    These items include: the completion of a hanger, N405,500,000; Tyre bay tools and equipment N106,000,000; Towberless tow tractor for aircraft towing for N58,740,000; hanger sweeper N31,870,000; luggage conveyor belt truck N28,898,000; and Harlan tow tug for aircraft equipment towing N27,590,000.

    Others are CCTV and surveillance equipment for N18,000,000; aircraft tools and equipment N11,480,000; battery workshop equipment N5,050,000; complete tool box for general works and vehicles N360,000; heavy duty crocodile jacks N300,000; aluminum ladder N285,000; safety boots N52,500 and foldable ladder, N50,000.

    The aircraft in the fleet of the PAF include two Falcon 7X jets, two Falcon 900 jets, a Gulfstream 550, one Boeing 737 BBJ (Nigerian Air Force 001 or Eagle One) being used exclusively by the President and a Gulfstream IVSP, one Gulfstream V, Cessna Citation 2 aircraft and Hawker Siddley 125-800 jet.

    It is estimated that each of the Falcon 7X jets bought in 2010 cost $51.1 million. The Gulfstream 550 may have cost $53.3 million.

    However, none of the aviation industry Bluebooks will give the simple calculation accuracy of how much an aircraft really costs. A number of issues are responsible for the difficulty in presenting a clear figure for a make/model/year, of an aircraft to help accurately determine how much it really worth.

    Some of the issues include: lack of central reporting of aircraft sales for either tax or licence requirements, the complexity of individual aircraft value calculations, the timing of sales (long timeframes from offer to closing during which time the market can go up or down substantially), multiple synchronous closings for jet aircraft in particular, international currency sales, and non-disclosure-of-price terms included in many transaction documents.