Press Release

Issued by Gulfstream Aerospace Corporation.

October 9, 2011

Gulfstream Aerospace Corp. today announced a major expansion of its cost-per-hour maintenance program known as PlaneParts. The new optional coverage is for several aircraft systems installed during final-phase manufacturing.

These systems are water and waste, entertainment and in-flight information, Broad Band Multi-Link (BBML), Gulfstream's Enhanced Vision System (EVS), in-flight phones and satellite television. For an additional per-hour cost, coverage for these items is available for all in-production aircraft upon entry-into-service.

"This new PlaneParts feature gives operators the ability to extend coverage of final-phase and completion items such as BBML and EVS to five years," said Mark Burns, president, Gulfstream Product Support. "Operators want to be able to control maintenance costs. They want a fixed maintenance budget at the beginning of the year, not one that keeps going up because of unforeseen costs. PlaneParts helps them do that."

Enrollment in PlaneParts provides Gulfstream operators with no-charge replacement components for parts removed due to failure, life limit or wear, in exchange for monthly payments based on the aircraft's model and age. Gulfstream operators benefit from single-source component ordering and can take advantage of a product support network that extends to Asia, Africa, Australia, Europe, North America and South America. The network includes 24/7 aircraft-on-ground assistance.

The PlaneParts program was launched in October 2010.