Word: fanjet
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...goes public, Gulfstream Aerospace is expected to follow. Paulson, a former airline mechanic who once sold secondhand airplanes, set up a company in 1976 that two years later bought Grumnian American Aviation Corp., maker of the Gulfstream line of corporate aircraft. Its principal product, the 19-passenger Gulfstream III fanjet aircraft, costs upwards of $10.5 million and, according to the offering prospectus, boasts the longest range and fastest cruising speed of any business aircraft. In 1982 the Savannah-based company's sales rose by 33%, to $575.5 million, and profits more than tripled, to $43 million...