U.S. planemaker Gulfstream unveils flagship G700 long-range jet

The Gulfstream G700 poses a direct challenge to Bombardier’s Global 7500.

Gulfstream, a U.S. planemaker unveiled its widely-expected G700 long-range jet in a direct challenge to Bombardier Inc’s Global 7500 flagship aircraft.

Gulfstream Aerospace, a unit of General Dynamics Corp, stated the G700 would be powered by Rolls-Royce Holdings PLC’s Pearl 700 engines. It expects deliveries to commence in 2022.

Gulfstream unveiled the G700 on the eve of the biggest business jet show in the world – the National Business Aviation Association’s (NBAA) annual corporate aircraft show in Las Vegas.

Large corporate planes that can fly farther are popular with customers and a highlight of the NBAA show which begins on Tuesday.

Mark Burns, Gulfstream Aerospace’s President stated, the G700, priced at $75 million, would be the “tallest, widest cabin in our industry.”

Burns unveiled a mock-up of the plane, which can seat up to 19 passengers, and which features a six-place conference room and can fly 7,500 nautical miles at Mach 0.85.

The Gulfstream G700 competes against Bombardier’s $73 million Global 7500, which is sold out through 2021.

So far, Gulfstream has secured 10 firm orders from clients for the G700, which includes Qatar Airways.

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