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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

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

Aero-News: Quote of the Day (07.11.25)

“Honored to accept this mission. Time to take over space. Let’s launch.” Source: SecTrans Sean Duffy commenting after President Donald Trump appointed U.S. Secret>[...]

ANN's Daily Aero-Term (07.11.25): Permanent Echo

Permanent Echo Radar signals reflected from fixed objects on the earth's surface; e.g., buildings, towers, terrain. Permanent echoes are distinguished from “ground clutter&rd>[...]

ANN's Daily Aero-Linx (07.11.25)

Aero Linx: European Hang Gliding and Paragliding Union (EHPU) The general aim of the EHPU is to promote and protect hang gliding and paragliding in Europe. In order to achieve this>[...]

NTSB Final Report: Schweizer SGS 2-33A

Glider Encountered A Loss Of Lift And There Was Not Sufficient Altitude To Reach The Airport Analysis: The flight instructor reported that while turning final, the glider encounter>[...]

NTSB Prelim: Aeronca 7AC

Airplane Climbed To 100 Ft Above Ground Level, At Which Time The Airplane Experienced A Total Loss Of Engine Power On May 24, 2025, at 1300 eastern daylight time, an Aeronca 7AC, N>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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