Gulfstream —as well as another five niche players. Oversupply and tough competition has long been the norm.
Fast forward to today and that international backstop is now missing. Weak commodity prices, particularly oil, have hit places like Brazil and Argentina hard. Sanctions hobble Russia, while a weak economy and a government crackdown on all things ostentatious made China hit the brakes on private aircraft purchases. Likewise, the Mideast jet market has been in flux for a number of reasons including Saudi Arabia's corruption crackdown.
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