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Freestream arranges first G650 operating lease

Freestream Aircraft has arranged the first public G650 operating lease.
A Gulfstream G650 on the tarmac.

Freestream have closed the first Gulfstream G650 operating lease.

Freestream Aircraft has placed a Gulfstream G650 private jet on a seven year operating lease with a US investment company.

The needs of the original buyer, a North American mining company, had changed since the ordered the aircraft in 2008.

Although Gulfstream is keen to stop speculators from flipping G650s, its anti-speculation clauses allow for true operating leases as the ownership of the aircraft does not change.

Freestream Aircraft arranged the first sale of a G650 in July 2013, when Bernie Ecclestone and his wife Fabiana Flosi sold their aircraft to Vichai Srivaddhanaprabha, a Thai businessman. Their aircraft is believed to have sold for around $72 million – a $10 million profit on the $59 million 2008 list price.

Freestream Aircraft is a leading business jet broker and advisory firm. It was founded in 1992 by Alireza Ittihadieh.

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About Alasdair Whyte

Alasdair launched Corporate Jet Investor in 2010. He has more than 15 year's experience as a financial journalist and has specialised in aviation for most of this time. As well as editing the website, Alasdair helps to organise our international conferences and events. He also regularly chairs them as well as other industry events.