Gulfstream Launches New Business Jet

General Dynamics Corp. on Monday unveiled its long-awaited new business jet, a high-end aircraft aimed at securing a position in a market that has struggled for a decade to shake off weak demand as companies cut back on flying executives aboard private jets.

The company’s Gulfstream unit said it has secured initial orders for its new G700 jet, which will seat 19 passengers for long-haul journeys. It said an arm of Qatar Airways is buying 10 and U.S.-based Flexjet is taking an undisclosed number. First deliveries are expected…

Staff Writer
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