Gulfstream yesterday announced further cuts in its 2009 delivery projections, this time to the popular large-cabin sector as the economy further declines and customers cancel or delay orders.
The slow-down is also forcing the Savannah, Georgia-based manufacturer of business jets to lay off 1,200 employees in several locations, 12% of its workforce.
New targets for large-cabin jets stand at 73 "green" aircraft deliveries for 2009, down from the 94 announced in January. The January large-cabin guidance, which in hindsight appears overly optimistic, represented a 7% increase in the segment, up from 87 large-cabin deliveries last year.
The company in January had said it would slash production of its mid-size jets 50% this year compared to last year, down to 30 from 69.
Leave a comment
Want a user picture? Get a Gravatar!