Savannah Technical College is serving one of the coastal area's largest employers with a new aviation training center. State and local officials were on hand this week to open a nearly $7 million classroom, hangar and lab facility. It will train graduates to work at jet manufacturer Gulfstream Aerospace.
Savannah business leaders want more than just harbor deepening funds from the state legislature this year. At a breakfast meeting Wednesday Chamber Chairman Bill Shira said he'd like lawmakers to extend a tax break benefiting jet-maker Gulfstream.
Sales of two newly-certified aircraft helped boost revenues at Savannah-based luxury jet manufacturer Gulfstream Aerospace. The firm's corporate parent, Viginia-based General Dynamics, announced on Wednesday that its aerospace group sales were $1.8 billion in the third quarter, up 30% from the same period a year ago.
General aviation industry officials say, 7,000 Georgians go to work everyday in their industry -- and that should be good reason to keep a tax break in place for the wealthy customers who buy private airplanes. Current federal budget negotiations have opened a torrent of criticism toward what some -- including President Obama -- characterize as a tax loophole for fat cats.
A Chinese aviation leasing company has announced a deal with Gulfstream Aerospace to buy 50 high-end business jets for more than $2.5 billion. Gulfstream spokesman Jeff Miller has confirmed the deal with Minsheng Banking Corp. The deal is expected to be converted into firm orders over the next three to five years.
U.S. Army Corp of Engineers officials have given their approval for an 890-acre expansion at the Savannah-Hilton Head International Airport. The project will allow the airport to make several improvements -- including building a new taxiway and a tunnel for traffic to flow underneath a taxiway. But it also will allow Gulfstream Aerospace to expand their headquarters.
A bill on its way to the governor's desk extends a sales tax exemption on airplane parts. But an amendment to the measure also gives tax breaks to developers of malls, amusement parks and resorts. Some economists say that's a waste of taxpayer money.
Georgia exports rose to an all-time high of $28 billion last year. The US Census recently released information about the value of the nation's international trade. The numbers show Georgia's top exports are wood pulp, poultry, kaolin and carpet. Top destinations are Brazil, Mexico and China.