Gulfstream Collects $2B In G700 Orders

Gulfstream hit paydirt with initial fleet orders valued at nearly $2 billion from Qatar Executive and Flexjet for the new G700 flagship unveiled recently at the National Business Aviation Associaton's annual convention in Las Vegas.

The Qatar Executive charter arm of Qatar Airways is taking 10 G700s worth $750 million at list price. The company, which is the G700 launch customer, was also the international launch customer for the G500. The G700 order supplements earlier orders for G500s and G650ERs from Qatar, which currently operates six G650ERs and five G500s.

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Flexjet, the first North American G700 fleet customer, placed a firm order for 16 of the aircraft worth $1.2 billion at list price. The company already operates G650ERs, G500s, and G450s, and was the North American launch customer for the G500. Flexjet plans to make the G700 available for its Red Label service, which includes dedicated crews and other perks.

Gulfstream's 7,500-nautical-mile G700 has five living areas, including an extra-large, 10-foot-long galley, and is powered by a pair of Rolls-Royce Pearl 700 turbofans. First flight is planned for the first half of next year, followed by service entry in 2022.