Bombardier considering Gulfstream G650 business jet competitor

Bombardier is the third largest commercial aircraft-maker in the world, after Airbus Industrie and Boeing Company.

The Gulfstream G650 is a twin-engine business jet, being developed by Gulfstream Aerospace.

General Dynamics Corporation, the parent company of Gulfstream Aerospace, has announced that the Gulfstream G650 business jet will be delivered to customers from 2012, and will cost about $60 million.

The Gulfstream G650 is likely to be the fastest business jet in the world, with a top speed of Mach 0.925 – or, just below the speed of sound.

According to Richard Aboulafia, an analyst at Teal Group in Fairfax, Virginia, the United States, “the stakes are high” for Bombardier, the world’s biggest maker of business jets.

Bombardier, according to him, is planning to make a jet faster than the Global Express, which is currently Bombardier’s large business jet, or faces the risk of losing customers to Gulfstream Aerospace.

The top end of the market, Aboulafia was quoted as saying, will pay any price for the best business jet, and “there is a risk that people could switch from the Global Express to the Gulfstream G650 business jet if Bombardier does not act.”

This was what Pierre Beaudoin, CEO of Bombardier, himself had to say of the company’s plan to make a plane that would be a rival the Gulfstream G650: “Do we intend to leave space to the Gulfstream 650? Absolutely not.”

According to Pierre Beaudoin, the rise in global trade is leading to higher demand for long-range business jets, which is bound to go up further in the next few years. There is, he added, a demand for a 7,000-nautical-mile business jet that gives good speed as well as comfort on long-distance flights.

“It is superb,” Beaudoin remarked, “to have a plane that can take you to China on a Monday, then to Europe and back to America, and all of this in one week.”

Bombardier’s range of regional and business aircraft include the famous Learjet and Canadair.

However, Bombardier’s biggest business jet at present is the Global Express XRS – which has a range of 6,150 nautical miles (11,390 kilometres) and a top speed of Mach 0.89.

The Global Express XRS costs a minimum of $50 million.

According to data made available by the General Aviation Manufacturers Association, Bombardier shipped business jets worth $3.95 billion in the first 9 months of 2009, followed by Gulfstream Aerospace’s shipments worth $3.05 billion in the same period.

Honeywell International Incorporated, the company that manufactures aircraft-cockpit equipment, had said in a report in October 2009 that the number of deliveries of business jets will drop to as low as 750 planes in 2009 and to less than 700 jets in 2010, from 1,139 planes delivered in 2008.

Bombardier’s CEO Pierre Beaudoin said that while his company’s cancellations of business jets exceeded the new orders it received in the second quarter of the fiscal which ended on July 31, 2009, fewer customers are postponing purchases.

Pierre Beaudoin, 47, has been holding the top post at Bombardier since June 2008. He had taken over as the CEO from his father, Laurent Beaudoin, after having spent 6 years as head of Bombardier’s aerospace business.

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Bombardier Incorporated, the aircraft manufacturer based in Montreal, Quebec, Canada, says it is considering making its largest business jet so far in order to compete with Gulfstream’s G650 model.

Bombardier is the third largest commercial aircraft-maker in the world, after Airbus Industrie and Boeing Company.

The Gulfstream G650 is a twin-engine business jet, being developed by Gulfstream Aerospace.

General Dynamics Corporation, the parent company of Gulfstream Aerospace, has announced that the Gulfstream G650 business jet will be delivered to customers from 2012, and will cost about $60 million.

The Gulfstream G650 is likely to be the fastest business jet in the world, with a top speed of Mach 0.925 – or, just below the speed of sound.

According to Richard Aboulafia, an analyst at Teal Group in Fairfax, Virginia, the United States, “the stakes are high” for Bombardier, the world’s biggest maker of business jets.

Bombardier, according to him, is planning to make a jet faster than the Global Express, which is currently Bombardier’s large business jet, or faces the risk of losing customers to Gulfstream Aerospace.

The top end of the market, Aboulafia was quoted as saying, will pay any price for the best business jet, and “there is a risk that people could switch from the Global Express to the Gulfstream G650 business jet if Bombardier does not act.”

This was what Pierre Beaudoin, CEO of Bombardier, himself had to say of the company’s plan to make a plane that would be a rival the Gulfstream G650: “Do we intend to leave space to the Gulfstream 650? Absolutely not.”

According to Pierre Beaudoin, the rise in global trade is leading to higher demand for long-range business jets, which is bound to go up further in the next few years. There is, he added, a demand for a 7,000-nautical-mile business jet that gives good speed as well as comfort on long-distance flights.

“It is superb,” Beaudoin remarked, “to have a plane that can take you to China on a Monday, then to Europe and back to America, and all of this in one week.”

Bombardier’s range of regional and business aircraft include the famous Learjet and Canadair.

However, Bombardier’s biggest business jet at present is the Global Express XRS – which has a range of 6,150 nautical miles (11,390 kilometres) and a top speed of Mach 0.89.

The Global Express XRS costs a minimum of $50 million.

According to data made available by the General Aviation Manufacturers Association, Bombardier shipped business jets worth $3.95 billion in the first 9 months of 2009, followed by Gulfstream Aerospace’s shipments worth $3.05 billion in the same period.

Honeywell International Incorporated, the company that manufactures aircraft-cockpit equipment, had said in a report in October 2009 that the number of deliveries of business jets will drop to as low as 750 planes in 2009 and to less than 700 jets in 2010, from 1,139 planes delivered in 2008.

Bombardier’s CEO Pierre Beaudoin said that while his company’s cancellations of business jets exceeded the new orders it received in the second quarter of the fiscal which ended on July 31, 2009, fewer customers are postponing purchases.

Pierre Beaudoin, 47, has been holding the top post at Bombardier since June 2008. He had taken over as the CEO from his father, Laurent Beaudoin, after having spent 6 years as head of Bombardier’s aerospace business.