Biggest Private Airplane

China's biggest private messenger, SF Express, purchased the aircraft from the Intermediate People's Court in the south of Shenzhen, which confiscated them after Jade Cargo International went bankrupt in 2013. At the Taobao judiciary auctions three Boeing 747-400s were offered for purchase from Monday to Tuesday.

A jet that had been left at the Shenzhen Bao'an International Airport was left unbought with a bids of 122. Six million Yuan. The Taobao is an on-line buying site similar to eBay. of 8 million and 135 million yuan, respectively, and both attracted two bidders during the auctions. Finally, the planes were chopped off at 160.

and 162 million Japanese yuan, an increase of 20 percent over the opening bid. Under the Taobao auctions site regulations, tenderers were obliged to pay bail of 6.1 million Japanese yuan, 6.7 million Japaneseuan and 6.7 million Japaneseuan. Eight million for each of the preauction jet aircraft.

MSF Express told the Post Office that it was the purchaser of the two aircraft without going into further detail. Since 2015, the Shenzhen Intermediate People's Courts has been trying to find purchasers for the three aircraft and lists them with an overall starting value of 1.32 billion Japaneseuan. September saw the tribunal place them on Taobano's bidding house, with a total of 391 million Japanese yuan auctioned, 70 percent below the original high.

Concord Aeroospace, a Florida-based aviation and space technology firm, last year attempted to resell a Boeing 747 on eBay with a launch offer of $300,000. There has been a decline in interest in the Boeing 747, once known as the "Queen of Heaven". Nevertheless, Boeing recently increased its forecast of continental China air traffic over the next 20 years, predicting 7,240 carriers with aggregate air traffic worth nearly US$1.1 trillion.

"China's fleets are likely to expand well above the international market and almost 20 percent of worldwide aircraft orders will come from Chinese airlines," Boeing said in its China Current Market Outlook in September. One of China's biggest logistic companies, SF Express, under the control of Wang Wei, a millionaire, said early this year that it would be spending 2.7 billion Japanese yuan to buy aircraft and hire aviators.