Gulfstream GATX Leasing Company Prepares to Accept First Gulfstream GIV-SP for New Gulfstream Lease Program.ATLANTA--(BUSINESS WIRE)--Oct. 11, 1999-- Gulfstream V The Gulfstream V and G-V SP are business jet aircraft produced by Gulfstream Aerospace. They are also used by the US military under the designation C-37A.[1] The G500 and G550 are improved versions. Green Delivery Into Program Scheduled for November Gulfstream GATX GATX General American Transportation Corporation Leasing Corporation (GGLC GGLC Golden Gate Lotus Club (California) ) announces it will receive its first Gulfstream IV-SP from Gulfstream Aerospace Gulfstream Aerospace Corporation is a producer of several models of private jet aircraft. Gulfstream Aerospace Corporation has been a unit of General Dynamics since 2001. Gulfstream's main facility is located in Savannah, Georgia, United States. Corporation in December of this year. The Gulfstream Lease program, a joint venture between GATX Capital and Gulfstream Aerospace Corporation, continues to be the first and only short-term operating lease Operating Lease A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset. Notes: An operating lease is not capitalized it is accounted for as a rental expense. program available for long range, large cabin business aircraft. GGLC is offering the aircraft to prospective customers on two to five year operating leases. "The program is designed to give our customers maximum flexibility when leasing Gulfstream aircraft," said Eric Hinson, senior vice president Gulfstream Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Corporation. "The short-term operating lease allows our customers to enjoy all the benefits of a new Gulfstream aircraft without the obligation to purchase." The Gulfstream Lease Program is designed to provide greater flexibility and ease of entry to customers by requiring no capital investment and lease terms ranging from two to five years. Gulfstream continues to provide sales, marketing and aircraft maintenance services, while GATX Capital will provide account management services. "The performance, comfort and industry-leading reliability of the Gulfstream IV-SP make the aircraft a perfect choice for this program," said Hinson. "For customers needing even greater range, Gulfstream GATX Leasing will take green delivery of their first Gulfstream V next month and this aircraft will be available for service in June, 2000. The Gulfstream V will be an extremely popular aircraft for leasing." Gulfstream Aerospace Corporation is the leading designer, developer, manufacturer and marketer of the world's most technologically advanced intercontinental business jet aircraft. The company has produced more than 1,000 aircraft for customers around the world since 1958. Gulfstream offers a full range of aircraft products and services to meet the aviation needs of its customers, including the Gulfstream IV-SP(R), the ultra-long range Gulfstream V(R), Gulfstream Shares(R), Gulfstream Financial Services, Gulfstream Lease(Sm), Gulfstream Pre-Owned Aircraft Sales(TM), Gulfstream Charter Services(R), Gulfstream Management Services(Sm) and Gulfstream ServiceCare(R). In 1998, Gulfstream reported revenues of $2.4 billion. The company employs more than 8,000 people at eight locations. Gulfstream is a wholly-owned subsidiary of General Dynamics (NYSE NYSE See: New York Stock Exchange :GD), which is headquartered in Falls Church, Virginia Falls Church is an independent city in Virginia, United States. The population was 10,377 at the 2000 census. This city is a part of the Washington Metropolitan Area. A much larger number of people reside in Greater Falls Church . General Dynamics has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 44,000 people worldwide and has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $10 billion. More information about the company can be found at www.generaldynamics.com. |
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