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

 - 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.