Wynn Resorts Selling Gulfstreams?

[gbruton]

I was sitting in the FBO the other day flipping thru the aircraft magazines to see what was for sale and prices etc.

Found both Wynn Resorts G650 and G450 listed for sale.

I highly doubt it is due to any cash issues and the fact they are in the business of flying high rollers around they need some type of aircraft.

Switching fleet? Moving to Global?

Perhaps they are taking on a new G6 or G5 but why sell the 650 and 450 before you have the aircraft.

Thoughts?

[Art Smass]

Maybe they have imminent deliveries on new a/c - and the 2nd hand market has plenty of airframes available atm so not guaranteed to sell the existing a/c quickly

[Global Aviator]

Where are they listed?

[LGW Vulture]

I think Steve Varsano has both for sale. I was on the G450 in Vegas last month. Not the nicest interior in the world for sure.

[Tray Surfer]

Where are they listed?

They are listed on Controller via a broker.

The 650 has been for sale for ages...

https://www.controller.com/listings/aircraft/for-sale/1458873/2007-gulfstream-g450

https://www.controller.com/listings/aircraft/for-sale/1435617/2012-gulfstream-g650er

[Tray Surfer]

I think Steve Varsano has both for sale. I was on the G450 in Vegas last month. Not the nicest interior in the world for sure.

Quite an odd interior... That double credenza mid cabin is a new one on me... And looks very dated...

[Global Aviator]

Thanks for the links. Prices definitely on the way down with the Global 70000 and G5/6 on the way!

Certainly even more of a buyers market.

[Tray Surfer]

Thanks for the links. Prices definitely on the way down with the Global 70000 and G5/6 on the way!

Certainly even more of a buyers market.

Yep... Pre-owned is taking a beating, and will continue to do so with what is coming onto the market in the next 2 years... But, as you say, a buyers market... Unless you have a secured buy-back price from the manufacturer for your frame.

[Klimax]

the original question asked, still remains.. Why is he selling?

[x933]

G450 is 10 years old
G650 is 5 years old

Fleet replenishment?

[gbruton]

I can not imagine replacing a 5 year old G650 for what another G650?
If the G6 was out then I could understand that change perhaps with the logic the G650 has some challenges at certain airports due too weight and wing but not age.

Plus, they already show they are ok with keeping a 10yr old jet...

Some clients may have issues with a aircraft that old and they are updating because of that. But Las Vegas Sands flys GIVSP's still and even older 747Sp and L1011. So age may not be that big of a concern to passengers.

[Global Aviator]

Age of aircraft in Asia is an issue, everyone wants to fly in new... and well many can afford it!

[flyboyike]

I can not imagine replacing a 5 year old G650 for what another G650?


Evidently, Steve Wynn can imagine it fine, and that's all that matters.

[x933]

I can think of many customers who replace aircraft every 3 years. Could be any number of reasons for it - age, finance structure making it fiscally sensible, new wife, take your pick. If you are in the industry, you can probably think of someone.

Who cares...

[hawkerxp]

maybe the aircraft are leased and the lease has ended? Many reasons to sell a 5 year old aircraft :ugh:

Maybe they want to keep aircraft within their warranty from now on.

There may have been a guaranteed buy back

Who really knows... really! but keep on guessing :D

I am with x933 who cares...

[gbruton]

Not so much that I care... It does not affect me at all.
I was just more curious in the sense if someone new what aircraft they where changing to that is all.

[Klimax]

Maybe he's tired of sitting in a dark airplane at night time departures - waiting for the "Gulfstream G650 re-boot and wait for 15 min solution". Maybe he's had enough of faulty REU's. There can be lots of reasons.

[SpaceWrangler]

G650 has been for sale for over 550 days...G450 has been for sale for over a year. Jet Business gets deals done, I don't think they are seriously for sale.