Brokerage Firm Hagerty Echoes Concerns on G650 Fleet April 29, 2016 AINonline by Kerry Lynch Business aviation brokerage and Gulfstream aircraft specialist Hagerty Jet Group agrees that the G650 market must be closely watched as inventory has sharply risen and prices softened. Deutsche Bank analyst Myles Walton recently downgraded the stock of Gulfstream parent General Dynamics, citing concerns about the effect of rising pre-owned G650 … Continued
Gulfstream Deliveries Dip 15.6% in First Quarter April 29, 2016 AINONLINE by Chad Trautvetter – April 27, 2016, 11:17 AM Revenues and earnings at General Dynamics’ aerospace division slid in the first-quarter as Gulfstream deliveries fell nearly 16 percent year-over-year, the company announced today. The segment, which also includes aircraft MRO and completions firm Jet Aviation, posted revenues of $1.987 billion in the quarter, down $121 … Continued
UBS: Bizjet Market at Weakest Point Since 2009 April 29, 2016 AINONLINE by Chad Trautvetter– April 25, 2016, 11:13 AM UBS Global Research’s latest business jet market index fell to its lowest level since 2009, when the industry was just starting to recover from the Great Recession. The firm’s index is down 4 percent from February, currently sitting at 29. This is “well below” 50, the threshold … Continued