US FAA certifies Gulfstream G700 business jet

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The Federal Aviation Administration (FAA) on Friday said it certified General Dynamics Corp's Gulfstream flagship G700 business aircraft, driving fresh...

FILE PHOTO: The Gulfstream G700 is unveiled during a news conference at the National Business Aviation Association exhibition in Las VegasWASHINGTON - The Federal Aviation Administration on Friday said it certified General Dynamics Corp's Gulfstream flagship G700 business aircraft, driving fresh competition in the top end of the market for luxury jets.

Gulfstream said the G700 will have takeoff and landing distances shorter than originally anticipated. Business jet makers expect sustained customer appetite for private planes after a boom during the COVID-19 pandemic, but slowing 2024 global growth and the increasing availability of pre-owned planes could weigh on demand.

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