Freighters for Auc­tion

Beijing Review - - This Week -

Three Boe­ing 747-400 freighters will be pub­licly auc­tioned on Taobao. com, a shop­ping plat­form of China’s e-com­merce gi­ant Alibaba.

It is the first time Boe­ing cargo air­craft have been the sub­ject of a Taobao auc­tion. The auc­tion will open on Novem­ber 20, with a start­ing price rang­ing from 123 million yuan ($19 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 it filed for bank­ruptcy in 2013.

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

Al­most all Chi­nese courts have reg­is­tered on Taobao’s ju­di­cial

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