Ready, Fire, Aim! - Mihail's Public Blog: Gulfstream tries to gain share of $11B market

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Tuesday, September 10, 2002

Gulfstream tries to gain share of $11B market

ONE-SIZE-FITS-ALL NO MORE
Three of Gulfstream's new business jets -- the G150, G300 and G500:

MODEL BASE PRICE (millions) PASSENGERS RANGE (Nautical Miles)
G100 $11.5 6–7 2,700
G150 12.5 6–8 2,700
G200 19.5 8–10 3,600
G300 25.5 11–14 3,600
G400 32.25 11–14 4,100
G500 37.5 14–18 5,800
G550 44.75 14–18 6,750
Source: the company

From the Wall Street Journal (subscription required):

During past decades, business jets remained the province of the wealthy and famous. But the stock-market boom of the 1990s combined with the increased inconvenience of commercial-airline service made these aircraft a mainstay of American corporations. Sales peaked at about $11 billion in 2000. Since then, the market has contracted, turning up pressure on aircraft manufacturers to differentiate themselves to win sales from a smaller pool of customers.

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