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-11.24.25

AirborneNextGen-
11.18.25

Airborne-Unlimited-11.19.25

Airborne-AffordableFlyers-11.20.25

AirborneUnlimited-11.21.25

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

Aero-News: Quote of the Day (11.27.25)

“Achieving PMA for the S-1200 Series magnetos is another step in expanding our commitment to providing the aviation community with the most trusted and durable ‘firewal>[...]

Airborne 11.26.25: Bonanza-Baron Fini, Archer v LA NIMBYs, Gogo Loses$$$

Also: Bell 505 on SAF, NYPA Gets Flak For BizAv 'Abuse', FAA Venezuela Caution, Horizon Update Textron Aviation has confirmed it will be ending production of the Beechcraft Bonanza>[...]

FAA Seeks Info For New Brand-New ATC Platform

State-Of-The-Art Common Automation Platform To Replace Legacy Systems The FAA has issued a Request for Information (RFI) regarding the initiative of the Trump Administration and U.>[...]

USAF Reaper Drone Crashes Off the South Korean Coast

Kunsan Air Base Reported the Accident During Routine Operations The US Air Force has confirmed that it lost an MQ-9 Reaper drone to the South Korean waters on November 24. The airc>[...]

Hartzell Engine Tech Magneto Gains FAA-PMA

PowerUp S-1200 Series Approved, Available for 4- And 6-Cylinder Engines Hartzell Engine Tech announced it received FAA Parts Manufacturer Approval for its PowerUp S-1200 Series air>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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