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Gulfstream Aerospace celebrates flight test program milestone

Gulfstream Aerospace has reflected on the first ten flight tests for the Gulfstream G500 and Gulfstream G600 jets. The jets are twin-engine, with the G500 replacing the G450. The G500 has a range of 5,000 nautical miles (9,260km) at Mach 0.85, with nonstop flights connecting distant cities such as Istanbul to Cape Town, Los Angeles to London, and San Francisco to Tokyo. The G600 can fly 4,800 nautical miles (8,890km) at a high-speed cruise of Mach 0.90, and seats up to 19 passengers, with room for nine to sleep.

19th September 2017



Dassault's Falcon 5X jet takes its first flight

Fractional-share provider PlaneSense has completed a five-yearly functional test of its emergency fire extinguishing system in its 40,000ft2 hangar at its Portsmouth International Airport headquarters in New Hampshire.

29th August 2017

This month (October), Business Airport International would like to know, which of these statements best describe your awareness of GDPR?

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Global Jet Capital joins EBAA

Global Jet Capital, a provider of financing solutions for private aircraft, has joined the European Business Aviation Association (EBAA). Recently, it also become a member of the German Business Aviation Association (GBAA).

This represents a good opportunity for Global Jet Capital, which estimates that there are 1,736 business jets in the midsize, heavy and airliner category in Europe, accounting for around 13% of the global total. Between now and 2025, it also believes there will be 1,530 business jets worth US$46bn delivered to the continent.

The company launched in 2014, and is capitalized by three global investment firms – GSO Capital Partners, a Blackstone company now in partnership with Franklin Square Capital Partners; The Carlyle Group; and AE Industrial Partners. Global Jet Capital has over US$1bn of dedicated funding to provide to clients looking to finance or lease private jets, which can cost as much as US$70m. Globally, approximately 80% of business jet users will seek financing or leasing solutions to acquire aircraft.

Robert Gates, head of sales for Europe, Asia and Middle East, Global Jet Capital, said, “Europe is the world’s second-largest private aviation market after North America, and it’s a focus region for us as we grow our business. Matthias Müller, based in Zurich, and Graeme Shanks, based in London, have recently joined the Global Jet Capital team as sales directors to cover this important market. We are delighted to have joined EBAA, and this represents another example of our commitment to the European business aviation market.”

November 30, 2016

 


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