Home / Business / Companies

Boeing 747s to be auctioned on Chinese e-commerce platform

Xinhua | Updated: 2017-09-22 09:47

HANGZHOU - Three Boeing 747-400 Freighters will be publicly auctioned on Taobao, the shopping platform of China's e-commerce giant Alibaba.

It is the first time Boeing cargo aircraft have been the subject of a Taobao judicial auction. The auction will open on November 20, with a starting price ranging from 123 million to 135 million yuan ($20 million) each.

The freight planes were owned by Jade Cargo International, the first Chinese cargo carrier with foreign investment. The company was founded in 2004, but the joint venture later filed for bankruptcy.

The three Boeing freighters have been put up for auction offline six times since October 2015 but failed to find buyers.

One of the planes is currently located at Bao'an International Airport in Shenzhen, while the other two are at Pudong International Airport in Shanghai.

Almost all Chinese courts have registered on Taobao's judicial sales platform since the service was launched in 2012.

Previously, the right of use of a piece of land in the city of Yancheng in Jiangsu province was auctioned off on Taobao for more than 2.6 billion yuan, hitting a record of online judicial auctions in China.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349