G650 jet flipping earns millions

11/13/2013 | NBC News

A demand for large-cabin private jets has made the market ripe for jet flipping. Formula One tycoon Bernie Ecclestone recently flipped his G650 just weeks after receiving the plane from Gulfstream, resulting in at least a $6 million profit. According to industry insiders, at least two other buyers have flipped their planes and other deals are in the works. Analysts say the G650 is primed for flipping because only about 30 have been delivered since its launch last year.

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