Gulfstream wants to regain bragging rights as the builder of the world's largest private jet.
The planner unveiled plans to create a more spacious version of the flagship G650, which was unopened last year as the largest luxury jet by Bombardier Inc. & # 39; s Global 7500. Gulfstream's new G700, with an expected debut in 2022, will be capable of flying 7,500 nautical miles and cruising at equally high sound speed.
The G700 has "the tallest, widest, longest cabin in our industry," Gulfstream President Mark Burns said at a private jet conference late Monday in Las Vegas.
Gulfstream, a unit of General Dynamics Corp., is betting that the $ 767 million G700 will entice the world's richest flyer with the larger cabin and an upgraded selection. The initial customer is Qatar Airways, which has booked 1
A decline in orders could lead to deliveries begin to flag in 2021, according to a study by Honeywell International Inc. While a number of new aircraft models are expected to increase shipments this year and next, long-term threats have emerged from the US-China trade war, Britain's looming break from The European Union and a shaky global economy.
Bombardier began delivering the Global 7500 in December, prompting speculation that Gulfstream would strike back with a larger aircraft Bombardier's jet, which came on the market two years later than planned, was based on a new design.
"The Global 7500 is the industry's flagship. It's a clean sheet design, built to work like no other," said David Coleal, president of the Bombardier Aviation Unit. "Remember that everything else out there is just one stretch.
The Bombardier aircraft has a range of 7,700 nautical miles and can fly as fast as Mach 0.925, or just less than the sound's The $ 73 million aircraft has a wingspan of 104 feet, and its 111 feet in length allows for four different seating zones.
Gulfstream waited to announce its latest aircraft for the delivery of two new, smaller jets – the G500 and G600 The G600 began shipping to customers in June and the G500 debuted about a year earlier, the models were introduced in 2014. The G650 debuted in 2012.
General Dynamics climbed less than 1% to $ 176.95 at 10:11 in New York. Bombardier fell below 1% to C $ 1.63.
(Except for the headline, this story has not been edited by NDTV staff and is published is due to a syndicated feed.)
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