Boeing 747 bought in on-line public sale on Alibaba’s Taobao

Two Boeing 747-400s sold on an Alibaba-owned e-commerce web site for $48 million, making the pair of jumbo jets the highest-value sale ever for Taobao.

The 2 “Queens of the Sky” had been from a bankrupt cargo firm, Jade Cargo Worldwide, and bought to Chinese language logistics firm SF Specific, in keeping with the itemizing. The Intermediate Folks’s Court docket of Shenzhen Metropolis had tried six earlier offline auctions, BBC reported, earlier than placing the planes up on Taobao.

The bids on one of many planes opened Monday at 135 million yuan, with 27 bids positioned earlier than the ultimate sale of simply over 162 million yuan, or about $25 million.

A 3rd aircraft went unsold attributable to just one purchaser registering to bid, Chinese language information company Xinhua reported.

The bids nonetheless aren’t the best ever sale on a web-based public sale website, in keeping with BBC. The primary sale stays a superyacht that went for $85 million on eBay in 2006.

Alibaba, eBay and Boeing didn’t instantly reply to requests for remark.

The gross sales symbolize the subsequent chapter within the 747’s lengthy historical past, because the jumbo jets face retirement amongst passenger carriers, although they’re nonetheless use as air freighters. Earlier this month, United Airlines retired the 747 from its fleet with a last flight to Hawaii. Delta Air Lines, now the final U.S. provider working the aircraft, plans to supply its final industrial flights aboard its 747s on the finish of the 12 months.

—CNBC’s Leslie Josephs contributed to this report.

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