Post by : Badri Ariffin

U.S. corporate jet maker Gulfstream Aerospace is gearing up for long-term growth, even as trade tensions with China slow business opportunities in one of the world’s most lucrative markets for private aircraft.

The General Dynamics-owned company, renowned for its luxury jets, expects U.S. demand to remain robust and is launching new aircraft models to maintain momentum. While China hosts about 150 Gulfstream jets, the ongoing trade friction has caused a temporary slowdown in orders.

“Trade tensions have definitely slowed a number of opportunities in China,” said Gulfstream President Mark Burns, highlighting the challenge of navigating global politics while meeting rising demand elsewhere.

Demand for private jets has surged globally, fueled by high-net-worth individuals seeking safer, more flexible travel options during and after the COVID-19 pandemic. In the U.S., affluent consumers continue to drive growth, while lower-income buyers have become more cautious.

Corporate clients are also contributing to the boom. Following strong quarterly results, many Fortune 500 companies are increasing investments in private aviation, supporting the expansion of Gulfstream’s fleet.

The company plans to introduce its new super-mid-sized G300 jets, which can carry up to 10 passengers and compete with Bombardier’s Challenger 3500 series. Production is expected to grow steadily through 2029, assuming supply chain capacity remains sufficient and demand continues to be strong.

With global interest in private aviation at a historic high, Gulfstream is positioning itself to capture a larger share of the market, balancing expansion plans with geopolitical challenges.

#Business News #Economic