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Aircraft

A 30-Year-Old Boeing 767 Is On Sale Cheap

A 30-Year-Old Boeing 767 Is On Sale Cheap
Jennifer Billock

Have you ever wanted to own your own plane? You may be able to now thanks to a bankrupt Russian airline that abandoned a plane in Hong Kong – it’ll only set you back about $795,000, but you’ll get a plane that needs a lot of work, has no documentation, and has been sitting in that place for four years.

Russia’s former private airline, Transaero, was once the country’s biggest. But in 2015 it went bankrupt and shut down – and when the airline’s last plane took its last trip, it ended up in Hong Kong, where it was left to rot.

Now, the 27-year-old Boeing 767 is up for sale by the Airport Authority in Hong Kong, for $795,000. The plane has no maintenance records and is in poor condition. The purchaser would need to remove the plane from the lot it’s on within three months.

“Even though it’s an old aircraft past the normal 25-year assumed lifespan, no records is what will kill it,” David Yu, the International Society of Transport Aircraft Trading appraiser in China, told the South China Morning Post. “It would take a lot of additional capital to make it flyable again, including reconstructing records and other maintenance.”

Mostly, experts think the plane only has viable sales value for scraps or for use as a cargo plane. No one is quite sure why the Airport Authority in Hong Kong has finally decided to sell the plane from the hangar it’s been sitting in for the past four years.

 

[Image Source: Shutterstock]

View Comments (2)

2 Comments

  1. OUTraveling

    May 17, 2019 at 4:07 pm

    Any boat owners on this forum?

    I have another project for you to bust out your thousands on.

  2. Danwriter

    May 18, 2019 at 10:49 am

    “It would take a lot of additional capital to make it flyable again, including reconstructing records and other maintenance.”

    Followed by…

    “Mostly, experts think the plane only has viable sales value for scraps or for use as a cargo plane.”

    You realize, of course, that cargo planes actually have to fly?

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