Father, Son Get G650s The Same Week

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Key Takeaways:

  • An Egyptian family (Nasef and Onsi Awiris) purchased two Gulfstream G650 bizjets for $59 million each.
  • The Gulfstream G650 is in extremely high demand, leading to a four-year waiting list and instances where aircraft were "flipped" for up to $7 million profit before delivery.
  • Due to the high demand and reselling, Gulfstream has modified its sales agreements to prevent pre-delivery sales of the G650.
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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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