Gulfstream G650 Reaps $10M Profit on Pre-owned Market

AINalerts » November 26, 2013
November 26, 2013, 2:45 PM

The second Gulfstream G650 to sell on the pre-owned market sold for $70 million via The Jet Business in London earlier this month. The private individual who took delivery of the new wide-cabin jet in July sold it to a Japanese property group for a profit of approximately $10 million. Steve Varsano, owner of The Jet Business, said he is currently in negotiations to sell another G650, “hopefully within the short term.” Gulfstream enforces strict anti-speculation clauses on its aircraft until they have been delivered. The first pre-owned G650 was sold in September by Formula 1 CEO Bernie Ecclestone.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X