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…

Boeing makes significant, undisclosed, investment in supersonic business jet developer Aerion

Boeing’s investment aims to tap growing high-end demand for air travel that slashes travel time. In a filing, Boeing Co has disclosed, it has made a significant investment in Aerion, a supersonic business jet developer. The development comes in the wake of Boeing, the world’s largest planemaker looking to tap increasing demand for high-end aircraft…