Gulfstream Promote Short-Term Leasing Program

Want to lease a Gulfstream IV-SP or GV for two to five years? Gulfstream Aerospace and GATC Capital Corporation have disclosed the sale of one Gulfstream IV-SP and five Gulfstream V aircraft to their Gulfstream Lease joint venture, with deliveries slated for 1999 through 2001.

Gulfstream Lease has options on three additional GIV-SPs and three more GVs for delivery in the 2001 to 2004 time frame, bringing the total number of orders and options to 12 aircraft and $410 million. GATC, having an 85% share of the venture, will finance the aircraft and be responsible for aircraft management. Gulfstream, owing the remaining 15%, will assume responsibility for completions, deliveries and maintenance.