Used G650 Flipped For $6.5 Million Over List Price

  • E-Mail this Article
  • View Printable Article
  • Text size:

    • A
    • A
    • A

One of the first owners of a Gulfstream 650 has flipped the aircraft for 10 percent more than she paid for it. Fabiana Flosi, the wife of Formula One Racing CEO  Bernie Ecclestone, who paid $65.5 million for aircraft number 6023, sold it in September for $72 million. According to Bizjet Blogger, Ecclestone wasn't happy with the short-field performance of the G. Seems it couldn't depart fully loaded from airports near homes the Ecclestone family owns. It needs 5,858 feet at sea level at MTOW but it will go 7,000 nm at Mach .85 when the wheels tuck up. Apparently Saanen Airport near Gstaad, Switzerland was the deal breaker. It offers only 4593 feet and is at about 4,500 feet.

The aircraft was sold to Vichai Srivaddhanaprabha, a Thai businessman and the owner of the UK’s Leicester City Football Club. Srivaddhanaprabha will likely use East Midlands Airport, which offers a generous 9,491 feet. By paying the premium to Flosi and Ecclestone, Srivaddhanaprabha gets to skip to the head of the line for an aircraft that has a four-year backlog. The early transaction doesn't appear to violate Gulfstream's policy on preventing speculators from buying up the early positions and marking up the aircraft for the impatient. Gulfstream has threatened to cancel warranties if those who have ordered the aircraft sell them before they are delivered. There are apparently three 650s on the market and Corporate Jet Investor says those with the galley in the front will command the best prices.