Corporate Jet Investor Brings News From The World Of Private Aviation

There's always something happening in the world of private aviation and it can be tough to keep track. To help you out, I scoured the annals of Corporate Jet Investor to bring you an easily digestible review of current events and happenings in the industry, from major aircraft sales to brand new operating leases.

Private-jet flipping, anyone?

London-based private jet showroom, The Jet Business, announced that it successfully closed a sale of a Gulfstream G650, the second to trade. A Japanese property investment group purchased the jet from a private party for an estimated price tag of over $70M, which is well above the jet's 2008 cost of $59M. The current price for Gulfstream G650 is $64.5M and buyers must wait until 2017 for delivery.

Holy loophole!

Meanwhile, Freestream Aircraft, a business jet broker and advisory firm, placed a Gulfstream G650 on a seven-year operating lease with an investment company in the United States. Although Gulfstream frowns upon buyers flipping its aircraft, it reserves the right to withdraw warranties from aircraft sold prior to delivery, potentially reducing a jet's value by millions of dollars. However, operating leases are permitted, because ownership of the aircraft is not changing hands.