Businessman Denis O’Brien has taken delivery of a new $70 million corporate jet, just 2½ years after he last bought an identical one.

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The new Gulfstream G650, which is among the world’s most sought-after executive jets, was dispatched from Savannah, Georgia, where Gulfstream’s corporate headquarters are located, on Friday.

It flew from there directly to the Isle of Man, the location for a wide network of companies linked to Mr O’Brien, where the plane was registered and allocated the unique call sign M-YGIG.

The plane’s ownership was registered at the weekend to a Manx company linked to Mr O’Brien, AC Executive Aircraft (2017), and documents show the purchase appears to have been funded by Bank of America.

AC’s shares are held in trust and the company’s directors include Dublin-based aviation leasing consultant Margaret Clandillon. Her other business links to Mr O’Brien include acting as a director of Actavo, his infrastructural services company once known as Siteserv.

Tricolour

On Saturday morning, the new plane, sporting silver and black livery and with an Irish tricolour on its tail, landed in Dublin, where it was photographed by Irish aviation enthusiast Ken Meegan.

Aviation records show it remained in Dublin until Sunday evening, when it flew to Luton airport, where it remained at the time of publication. Mr O’Brien’s spokesman did not respond to a request for comment, and it is unclear if the billionaire was onboard the plane when it left Dublin.

The list price of a new G650 was $64.5 million in 2015, but is likely to have risen to beyond $70 million with “escalation payments”.

Mr O’Brien last took delivery of a G650 in November 2015. That plane, which was owned by another Manx company using a similar structure, is now for sale through O’Gara Jets, a broker in Georgia where Gulfstream is located.

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Article courtesy of Mark Paul.  Irish Times.

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