HYDERABAD: Aircraft maker Gulfstream Aerospace Corp has garnered a big chunk of business jets business in the Asia-Pacific region and sees India as the next big opportunity along with China.
Taking part at the India Aviation Show 2012 being held at Hyderabad, top executives of Gulfstream stated that their business mix has changed over the last decade with non-US business going up.
They now have an overall order book of $17.9 billion as of 2011.
Mr Roger Sperry, Regional Senior Vice-President of Gulfstream, Aerospace, said business jets drive business and India is no exception. Of the 84-odd mid and large bodied jets in India, Gulfstream has 20 of them flying. Even in the Asia-Pacific region, Gulstream has a 48 per cent market share in the large cabin aircraft segment.
“We are optimistic as the Indian GDP is poised for growth so is the case with corporate entities. We see private jets driving economic growth,” Mr Sperry said.
The company is showcasing entry-level G150 and another larger bodied aircraft G450 at the show.
The all-new G650 is ready for delivery later this year. About 20 of these are getting final touches and interiors done for delivery .
“Part of the General Dynamics, Gulfstream has grown its business through the downturn. If we delivered 94 jets in 2009, it was 99 in 2010 and 107 last year. In 2011, 90 were large cabin aircraft and 17 mid-cabin ones,” he explained.
The company has been investing heavily on its service organisation. In the $1.2 billion spare parts arm, over 3,500 engineers work. This includes 33 facilities of Jet Aviation, which had come through an acquisition.