(I included this as a reflection of this business segment as it relates to overall business growth. You don’t buy planes unless you’re optimistic about your business’ future outlook.)
From the Savannah Morning News:
New orders for Gulfstream jets ramped up considerably in the first quarter of 2010, offering hope a business aviation market ravaged by politics and the economic downturn of the past few years is beginning to thaw.
"The aerospace group is off to a very good start in 2010," Jay Johnson, president and CEO of Gulfstream parent General Dynamics, told analysts in a recent conference call.
"First quarter revenues are up 15 percent over the last quarter of 2009, and the G650 order book remains strong. Aircraft maintenance, repair and overhaul demand is good."
The Savannah-based company is on pace to deliver 77 large and 14 mid-size aircraft in 2010.
"I think we'll continue to see gradual improvement in the business aviation market this year," Johnson said.
The complete article can be found here.
No comments:
Post a Comment
All comments are moderated before being posted. Postings are at the sole discretion of the blog moderator. Anonymous postings are no longer allowed. I encourage your comments, but put you name on the bottom line!