Gulfstream Aerospace has restructured its management, with chairman Teddy Forstmann taking on the new role of chief executive. The business jet manufacturer says the new structure positions it "...for the next phase of growth".
Gulfstream was run by a management committee headed by Forstmann. The move to a more conventional structure is aimed at improving control of the company, which has almost tripled its revenues over the past five years.
Source: Flight International
US firm Sierra Nevada (SNC) has been awarded a $170 million contract to deliver two Rapcon-X surveillance aircraft to the Finnish Border Guard.
Turkish business jet charter company Air Sapphire has been heavily fined by the US government for flying a Gulfstream GIV to Russia without authorisation.
The Federal Aviation Administration has ordered inspections of the Gulfstream G500 and G600 fleet in response to a “quality escape” involving improperly installed engine-mounting hardware.
