A London business jet broker reports it has sold a Gulfstream G650 for an owner who took delivery in July. The jet went to a Japanese real estate firm for $70 million, netting a profit of $10 million, according to The Jet Business (despite the fact that list price on the G650 is $64.5 million). In September, billionaire Bernie Ecclestone, CEO of Formula 1 auto racing, sold his G650 to a Japanese businessman for $72 million.
It is not uncommon for new owners to flip a business jet shortly after taking delivery, though the practice is frowned upon by manufacturers for a variety of reasons. For example, when the original order holder has a high profile, as in the case of Ecclestone, the quick re-sale looks on the surface like a deal gone sour.
