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Gulfstream confirms order

By Reuters - Global Times Source:Reuters-Global Times Published: 2014-4-15 23:43:01

Gulfstream Aerospace Corp, wholly owned by General Dynamics, said it has sold 60 aircraft to China's Minsheng Financial Leasing Co in what it called one of the biggest single orders for jets in Gulfstream's history.

The aircraft order, signed in the fourth quarter, represents firm sales and an option for additional jets, Gulfstream said in a statement released on Tuesday without disclosing financial terms.

According to the statement, the sale includes aircraft ranging from the mid-size G280 jet to the ultra-large cabin G650.

Savannah, Georgia-based Gulfstream is competing against Brazil's Embraer SA, Cessna Aircraft Co and Bombardier Inc to gain a foothold for business jets in the fast-growing China market, which each company sees as a crucial region for future growth.

Reuters - Global Times
Posted in: Companies