World's Largest Private Jet
Next G of Business Jets
Gulfstream Aerospace, a unit of General Dynamics, has unveiled its long anticipated G700 business jet at the world's largest corporate jet airshow in Las Vegas this week. Gulfstream says the G700 is a long range, enhanced speed and performance aircraft that is meant to set a new standard in long range business jets. According to Gulfstream President Mark Burns, it's an all new, advanced technology aircraft that "redefines safety, comfort and range at speed".
Delivered to Buyers in 2022
The G700 is priced at $75 million, powered by Rolls-Royce engines and has the tallest, longest and widest cabin in the business jet industry. It seats 19 passengers. This plane is built for distance, speed and comfort. It can fly 7500 nautical miles at Mach 0.85. It has five living areas, a 6-place dining or conference room, an extra large, ultra-galley with passenger lounge or crew compartments and a master suite with showers.
Turbulent Buying Times
The 2019 National Business Aviation Association Air Show comes against a backdrop of a slowing global economy, Brexit questions and US-China trade tensions, all of which are putting a down-draft on the corporate jet market. But there are some distinctive new trends emerging at the Air Show. Global companies want larger corporate jets that fly greater distances and provide long haul travel. That's just what Gulfstream's G700 seems to be delivering.