According to many pundits, the so-called recession that gripped the world in 2009 is far from "over," but we've been noticing steady signs of recovery in the travel industry over the course of 2010. While consumers and businesspeople alike are still pinching pennies and thinking twice as hard about where their funds are going, more and more bodies are moving about, particularly by plane. Gulfstream, which maintains a headquarters in Savannah, Georgia, seems more convinced than ever that we're on the rebound, and it's announcing today a huge investment that'll better position it "to meet future demand for business-jet aircraft and support services."

The spend? $500 million over the next seven years, and that'll buy significant expansion of its Savannah plant as well as around 1,000 full-time Gulfstream Aerospace jobs (a hike of about 15 percent from its current level of 5,500 employees). According to Savannah Now, those positions will include production specialists, engineers, and support technicians. Needless to say, quite a few folks in the Peach State are celebrating the news, with Gov. Sonny Perdue being one of many on hand today for the announcement. Moreover, the expansion will result in new facilities at the northwest quadrant of the Savannah / Hilton Head International Airport.

Gulfstream suggests that the investment will also help it meet a growing demand for large-cabin aircraft, with large chunks of the cash used to build production plants for G650 ("Like a G6!") and G250 jets, as well as maintenance capacity for all of the models that the company manufactures. Unsurprisingly, we're hearing that the bulk of that demand is coming from international clients (Asia Pacific, specifically), but the company seems bound and determined to keep its roots in the south.

We know Gulfstream doesn't speak for the entire aviation industry, but it's definitely good to see a major player like this making such a tremendous investment in the future of air travel. Here's hoping it's just the beginning of a beautiful turnaround.

[Via Twitter (@mksteele)]

Filed under: Business, Asia, North America, United States, Luxury Travel