9 months ago

Gulfstream Reports Strong US Business Jet Demand Amidst China Slowdown

Gulfstream Reports Strong US Business Jet Demand Amidst China Slowdown
Gulfstream says US business jet demand strong but China slow due to trade tensions · thehindubusinessline.com

Imagine a company that makes fancy private planes called Gulfstream.

The boss said that people in the U.S. are buying lots of these planes, which is great news!

They have new, cool models coming out soon that people want.

However, because the U.S. and China are having some arguments (trade tensions), it's harder for Gulfstream to sell planes in China right now.

They have planes flying there, but new sales are slower.

The company still plans to build more planes every year until 2029 because the U.S. market is so strong.

They are hopeful that the U.S. and China will sort out their disagreements soon, which would help sales in China too.

Key facts

Company
Gulfstream Aerospace (a division of General Dynamics)
Primary Market Strength
United States
Challenged Market
China, due to U.S. trade tensions
Growth Outlook
Output growth planned through 2029
New Models
Super-mid-sized G300 jets
Aircraft in China
Approximately 150

Quotes

Mark Burns

President of Gulfstream Aerospace

“It’s a good market for us. But you know, obviously the trade tensions do create some slowdown in that marketplace. So I'm hopeful that there's something that gets done in the near future.”
thehindubusinessline.com
“Our plans are to continue to grow. The supply chain right now is supporting that ability to grow.”
thehindubusinessline.com

Sources

Related news