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-05.06.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

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 (05.09.24): Hold Procedure

Hold Procedure A predetermined maneuver which keeps aircraft within a specified airspace while awaiting further clearance from air traffic control. Also used during ground operatio>[...]

ANN's Daily Aero-Term (05.06.24): Altitude Readout

Altitude Readout An aircraft’s altitude, transmitted via the Mode C transponder feature, that is visually displayed in 100-foot increments on a radar scope having readout cap>[...]

ANN's Daily Aero-Linx (05.06.24)

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>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.08.24: Denali Update, Dad-Daughter Gyro, Lake SAIB

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Airborne 05.06.24: Gone West-Dick Rutan, ICON BK Update, SpaceX EVA Suit

See All

Advertisement

Podcasts

Advertisement

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