Published 12:23 IST, March 30th 2024

FAA grants certification to Gulfstream G700 luxury business jet

Initially slated for late 2023, Gulfstream had anticipated obtaining certification for the large-cabin G700 earlier.

Reported by: Business Desk
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Luxury business jet | Image: Unsplash
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FAA grants certification: The Federal Aviation Administration (FAA) has officially certified General Dynamics Corp's Gulfstream flagship G700 business aircraft, intensifying competition in the high-end market for luxury jets.

Initially slated for late 2023, Gulfstream had anticipated obtaining certification for the large-cabin G700 earlier. 

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Image Credits: Unsplash

The certification process, under increased scrutiny since the Boeing 737 MAX incidents, faced additional attention following a mid-flight incident involving an Alaska Airlines MAX 9 in January.

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Gulfstream President Mark Burns had anticipated a thorough certification process for the G700, considering industry dynamics post-737 MAX incidents, though without expecting unreasonable demands.

Notably, the G700 exceeded expectations, demonstrating shorter takeoff and landing distances than initially projected.

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"We have successfully completed the most rigorous certification programme in company history with the G700," remarked Burns.

In a recent update, Gulfstream announced performance enhancements, including an increased range of 7,750 nautical miles and a higher maximum operating speed, making it the fastest Gulfstream jet.

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Despite concerns about slowing global growth and the availability of pre-owned planes affecting demand, business jet manufacturers remain optimistic about sustained customer interest, buoyed by increased demand during the COVID-19 pandemic.

Boeing, on the other hand, faces delays in certifying its 737 MAX 7 and MAX 10 models, compounded by the withdrawal of a safety exemption request in January.

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(With Reuters Inputs)

12:23 IST, March 30th 2024