Gulfstream Aerospace Corp. today announced the all-new Gulfstream G500 recently wrapped up its world tour after flying nearly 130,000 nautical miles, stopping at 44 cities and visiting 18 countries on six continents in just seven months. The tour, which included a stretch of flying to 20 cities in 18 days, demonstrated the G500’s tremendous reliability and maturity while showcasing its exquisite interior and streamlined flight deck to customers around the world.
Company Is Transforming Its Business Model To Realize Strategic Value
Gogo has completed a comprehensive analysis of its business and is implementing an Integrated Business Plan ("IBP") designed to improve the Company's operational and financial performance. The IBP, branded as "Gogo 2020", transforms Gogo's business model and is intended to significantly reduce its cost structure, improve quality, drive revenue, streamline business processes and prudently strengthen its balance sheet.
Milestone Aviation Group Limited (“Milestone”), a GECAS company, and Leonardo have been selected to renew the medium helicopter fleet of Aramco Overseas Company, a subsidiary of Saudi Aramco (“Aramco”) – a fully integrated, global petroleum and chemicals enterprise. Leonardo and Milestone have signed a contract for 17 Leonardo AW139 helicopters plus 4 options, and Aramco expects to take delivery of a total of 21 aircraft over the next three years, starting this year.
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