History and Background Gulfstream Aerospace is the world's leading designer and manufacturer of business jet aircraft. A group of investors led by Forstmann Little bought Gulfstream from Chrysler Corp. in 1990. The primary customers of the company are Fortune 500 companies that are based in North America.
Green aircraft are new planes that lack exterior painting, optional equipment, and interiors.
Other revenue comes from the completion of aircraft, sales of pre-owned jets, fees for maintenance and technical support, and financing services. A recent program called Gulfstream Shares has expanded sales by offering fractional ownership of Gulfstream jet aircraft at a smaller cost. Gulfstream V Introduced in 1996, this aircraft quickly gained notoriety for its ability to travel long distances at high speeds. This craft seats up to 19 passengers and can cruise at an altitude of up to 51,000 feet. Other unique features of this plane include the ability to maintain comfortable cabin pressure even when at high altitudes and to circulate fresh air throughout the flight.