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-11.10.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-Unlimited-11.06.25

AirborneUnlimited-11.07.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

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

Classic Aero-TV: Mayman Aerospace Speeder Dazzles Oshkosh Crowds

From 2023 (YouTube Edition): A Moniker Well-Chosen Founded in 2021 by serial entrepreneur David Mayman and headquartered in New York City, Mayman Aerospace is the designer and manu>[...]

NTSB Prelim: Socata TBM 700

The Controller Provided The Pilot With A Low Altitude Alert And The Altimeter Setting That Was Current At The Time On October 13, 2025, at about 0815 eastern daylight time, a Socat>[...]

ANN's Daily Aero-Term (11.11.25): Outer Marker

Outer Marker A marker beacon at or near the glideslope intercept altitude of an ILS approach. It is keyed to transmit two dashes per second on a 400 Hz tone, which is received aura>[...]

ANN's Daily Aero-Linx (11.11.25)

Aero Linx: Seaplane Pilots Association The Seaplane Pilots Association is the only organization in the world solely focused on representing the interests of seaplane pilots, owners>[...]

Aero-News: Quote of the Day (11.11.25)

“While business aviation is fully included in the FAA’s traffic reductions, we know that our sector will continue to pursue mandatory and voluntary means to ensure we a>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC