Gulfstream Fleet in Russia Continues to Grow

Gulfstream Aerospace Corp. has seen its Russia-based business-jet fleet grow more than sixfold in the last six years.

Today, the first day of the three-day Jet Expo 2013 event in Moscow, Gulfstream announced there are 53 customer-operated aircraft in Russia and a combined 76 in Russia and the wider Commonwealth of Independent States (CIS). In 2007, those numbers were eight and 11, respectively.

“The Gulfstream brand is very strong in Russia,” said Larry Flynn, president, Gulfstream. “We sold our first aircraft to a Russian customer in 2002 and have experienced remarkable growth since then. We have the biggest market share in the large-cabin segment, but we’ve also had success with sales of our mid-cabin models. The recent opening of our sales and design center in London is a direct result of strong customer response in Russia and other parts of Europe.”

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More than a quarter of Gulfstream’s European fleet is in Russia. Surrounding countries, including CIS members Azerbaijan, Kazakhstan and Ukraine, also are home to multiple Gulfstream operators.

To support the growing fleet in Russia and the CIS, Gulfstream has more than $120 million in parts and materials inventory at three European locations — Luton, England; Madrid; and Basel, Switzerland.

Source: Gulfstream Aerospace Corp.
Date: Sep 13, 2013