Chinese Airline Buys Two 747s In Online Auction | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.14.24

 Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Mon, Nov 27, 2017

Chinese Airline Buys Two 747s In Online Auction

Had Been Seized From Jade Cargo In Bankruptcy Proceeding

Proving that you can buy just about anything online, Chinese cargo airline SF Airlines has purchased two 747 jumbo jets in an online auction for the equivalent of $48 million.

The airplanes were offered on the Chinese online shopping platform Taobao, according to a report from Mashable online. They had been owned by Jade Cargo International, but had been seized by a court in the Chinese city of Shenzhen when the carrier declared bankruptcy in 2013.

The Chinese media outlet Xinhua reported that SF Airlines outbid 25 other buyers for the airplanes. The auction attracted the interest of 800,000 viewers.

The planes had been offered for sale a regular auctions six times since October 2015, but no buyers were found. Left with few options, the court listed them in the online auction in September.

It is believed that this is the first time such jets have been sold in China in an online auction.

(Image from file)

FMI: Original report

Advertisement

More News

ANN's Daily Aero-Term (05.17.24): Very High Frequency

Very High Frequency The frequency band between 30 and 300 MHz. Portions of this band, 108 to 118 MHz, are used for certain NAVAIDs; 118 to 136 MHz are used for civil air/ground voi>[...]

ANN's Daily Aero-Linx (05.17.24)

Aero Linx: Aviation Suppliers Association Established February 25, 1993, the Aviation Suppliers Association (ASA), based in Washington, D.C., is a not-for-profit association, repre>[...]

ANN FAQ: Submit a News Story!

Have A Story That NEEDS To Be Featured On Aero-News? Here’s How To Submit A Story To Our Team Some of the greatest new stories ANN has ever covered have been submitted by our>[...]

Classic Aero-TV: ANN Visits Wings Over The Rockies Exploration Of Flight

From 2021 (YouTube Version): Colorado Campus Offers aVariety Of Aerospace Entertainment And Education Wings over the Rockies Exploration of Flight is the second location for the Wi>[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.17.24: Hummingbird 'Best', Cavorite Flies, Starliner Update

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Airborne 05.15.24: Ghost Sq MidAir, B-2 Junked, Dream Chaser Readies

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC