Father, Son Get G650s The Same Week

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Key Takeaways:

  • An Egyptian family, Nasef and Onsi Awiris, recently took delivery of two Gulfstream G650s, purchasing them at an early order price of $59 million each.
  • These deliveries were part of a batch of seven G650s sent to the Middle East and Africa.
  • The Gulfstream G650 is highly sought-after, with a current four-year waiting list for new buyers.
  • High demand has led to some aircraft being "flipped" for profits of up to $7 million, prompting Gulfstream to alter its sales agreements to prevent pre-delivery resales.
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While it seems a lot of billionaires are apparently pining for just one Gulfstream G650, an Egyptian family took delivery of two of the now-$65 million bizjets last week. Nasef Awiris and his father Onsi got their aircraft three days apart at the early order price of $59 million. According to Corporate Jet Investor, the aircraft are both registered on the Isle of Man. The deliveries were in a batch of seven G650s that all went to the Middle East and Africa.

As we reported in November, the G650 has become so sought-after by wealthy operators that Gulfstream has had to change its sales agreements to prevent aircraft from being sold before they are delivered. Some G650s have been “flipped” for as much as $7 million more than their book value to new owners who didn’t want to get into the four-year queue to get one.

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