Two Boeing 747s sold via Alibaba's Taobao online shopping site

Two Boeing 747s sold via Alibaba's Taobao online shopping site

Two Boeing 747s sold via Alibaba's Taobao online shopping site

The Intermediate People's Court of Shenzhen City auctioned the pair of 747-400 jets on Taobao, a website owned by e-commerce giant Alibaba.

A Chinese cargo carrier called SF Airlines has recently purchased two Boeing 747 jumbo jets via an auction held at the online shopping website Taobao.

The buyer of the two jets was the Chinese cargo carrier SF Airlines.

According to the Russia Today report the court auctioned off three jets with one remaining unsold on a starting bid of $18 million.

Some of the biggest e-commerce platforms in the world are based in China.

It is the first time such aircraft have sold via an online auction in China, with the event gathering over 800,000 viewers.

After six failing for six attempts over the past two two years to sell three 747s from defunct carrier Jade Cargo International, a court in the southern Chinese city of Shenzhen chose to auction them online. There was even a third jet up for auction but it failed to sell.

The court found success online, though.

The other plane - stored at Shenzhen Baoan International Airport - was not sold because only one buyer registered for the auction.

The planes have been in storage in the cities of Shanghai and Shenzhen since 2013 after their owner, Jade Cargo International, filed for bankruptcy in September that same year.

Taobao actually operates a court auction platform where assets seized from across China are listed for auction.

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