The links for Dude, Where's my Recession just keep on coming. Apropos this article the Instapundit has commented on Aviation Week's report on the run on Gulfstream G650 jets.
G650 Customers Wait in Line
Gulfstream's planned output of 83 G650 business jets in the first 2.5 years of production is oversubscribed by a factor of six to seven, says parent company General Dynamics. Gulfstream began accepting $500,000 refundable deposits on the new $58.5 million ultra-long-range jet on April 15, signing time-stamped letters of intent with customers that it is now working through to convert to orders.
Gulfstream's planned output of 83 G650 business jets in the first 2.5 years of production is oversubscribed by a factor of six to seven, says parent company General Dynamics. Gulfstream began accepting $500,000 refundable deposits on the new $58.5 million ultra-long-range jet on April 15, signing time-stamped letters of intent with customers that it is now working through to convert to orders.
Oh, it's so hard to spend $58.5 million these days.
But the big issue is...where are all these new jets going to land on the Westside?
Bloomberg.com has a report on the problem in Santa Monica from increased private jet traffic.
Jet landings and takeoffs have increased 14-fold since that agreement, to 18,575 in 2007. Traffic jumped 22 percent the year after the Sept. 11, 2001, terrorist attacks, when more business flyers began to use private planes to avoid delays caused by new security measures.
Jets stack up on Santa Monica's runway waiting for a break in traffic in the air, including from nearby Los Angeles International Airport. During the movie industry's Academy Awards, jets idle on the runway for hours, spewing fumes into residential streets.
Oh... the problems with private jet travel these days....
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