It looks like a low pass, for unknown reasons but more likely a demonstration of some kind than an runway inspection. That's just a guess, of course, but I think it's the simplest thing that explains what the picture seems to show:
- Gear retracted means it isn't landing
- Level flight means it isn't taking off (probably)
- Very low altitude means it isn't asking the tower to check if the gear is down (that sometimes happens if there's a gear problem and the pilots don't know if it's down or not)
- No flaps means it isn't trying to fly slowly (which would be better for a runway inspection)
- Directly over the runway (apparently) means it isn't doing a runway inspection (flying off to one side would give a better view of the runway)
Having said all that, the angle of the picture doesn't clearly show the aircraft's position relative to the runway. And I know nothing about turbine aircraft operations :-) So I may be completely wrong.