A 30-Year-Old Boeing 767 Is On Sale Cheap
Jennifer Billock May 17, 2019
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]
Why go to Hong Kong, when you can go to the Mojave Desert, so many old & new planes there.. Buy American and keep the money in the USA.
worth nothing like what they are asking. Parts value only. Maybe offer $0 to take it away.
Yes, I am sure everybody realizes a cargo plane has to fly. The point you are missing is that it is much cheaper (and therefore a wiser investment) to retrofit that plane as a cargo plane rather than have to retrofit it as a passemger plane.
I guess they couldn't have just towed it away and impounded it like a car, right? I'm surprised the Russian airline just didn't ebay the thing after they ditched it.
"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?