Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gulfstream expects more queries during certification after Boeing MAX crashes

Stock MarketsOct 22, 2019 07:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. A mockup of the Gulfstream G700 is unveiled during a news conference at the National Business Aviation Association (NBAA) exhibition in Las Vegas 2/2

By Allison Lampert

LAS VEGAS (Reuters) - Gulfstream Aerospace Corp President Mark Burns said on Tuesday he expected regulators to ask for more details on software when the company certifies its new G700 long-range corporate jet, following two crashes involving the Boeing 737 MAX.

Gulfstream, a division of General Dynamics Corp (N:GD), unveiled its widely expected G700 on Monday in Las Vegas, as the biggest business jet show in the world kicks off.

In an interview, Burns said he believed the Federal Aviation Administration (FAA) and other regulators would seek more information during the G700 certification, following the crashes, although did not expect any unreasonable requests.

The process for certifying new aircraft in the United States has come under scrutiny following the fatal crashes of two flights involving the Boeing (N:BA) MAX in October 2018 and March 2019.

During the certification of its G600 business jet in 2019, Gulfstream received additional requests from the FAA on the aircraft systems, understanding how things worked and how they worked together, he said.

"I do think the FAA will take a different approach on software," he said on the sidelines of the National Business Aviation Association's annual show.

"I don't think it's anything that concerns us. I think that it will be probably very much like the G600 certification. I think it will be the same level of depth of system knowledge that they will want us to explain."

Gulfstream's new G700 is a derivative of the planemaker's strong-selling G650 long-range business jet, but features a new Rolls Royce (LON:RR) Pearl 700 engine, cockpit and five-zone space including a crew-rest area.

The G700, which lists for $75 million, will compete against Bombardier Inc's (TO:BBDb) flagship Global 7500.

Burns said the aircraft's first flight would happen "soon," but declined to specify when.

Gulfstream has already received 10 firm orders for the G700 from Qatar Executive, a division of Qatar Airways and Burns said the plane is sold out for more than a year.

"You cannot get a 2022 airplane," he said.

Gulfstream expects more queries during certification after Boeing MAX crashes
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email