Pakistan Air Force VVIP Boeing 707 sold for only Rs8.4 million

[UmarJustice]

An audit report by the Ministry of Defence has revealed that a VVIP Boeing 707 of the Pakistan Air Force was sold for just Rs8.4 million.



The sale which took place in 2008 was not in consultation with the Finance Division. The plane was sold to a private individual without an auction. Documents provided by Pakistan Air Force stated that the Boeing 707 was in good condition. Neither the book value nor the purchase price of the plane was provided for the audit.



According to Air Force officials, the case was reviewed in the Air Headquarters before the aircraft deal and it was suggested to the Lahore Air Force base that the aircraft should be auctioned.



The audit calls for the Ministry of Defence to probe the sale of the plane and hold those responsible accountable.

Pak Air Force VVIP Boeing 707 sold for only Rs8.4 million - thenews.com.pk

 

[fatman17]

An audit report by the Ministry of Defence has revealed that a VVIP Boeing 707 of the Pakistan Air Force was sold for just Rs8.4 million.



The sale which took place in 2008 was not in consultation with the Finance Division. The plane was sold to a private individual without an auction. Documents provided by Pakistan Air Force stated that the Boeing 707 was in good condition. Neither the book value nor the purchase price of the plane was provided for the audit.



According to Air Force officials, the case was reviewed in the Air Headquarters before the aircraft deal and it was suggested to the Lahore Air Force base that the aircraft should be auctioned.



The audit calls for the Ministry of Defence to probe the sale of the plane and hold those responsible accountable.

Pak Air Force VVIP Boeing 707 sold for only Rs8.4 million - thenews.com.pk

they are lucky it got sold for that much - one dosnt even get spares for this type anymore.

 

[Imran Khan]

good at least 84 lakhs not like PIA sold 747 for few hundred thousands

 

[A.Rafay]

Are these planes really worth that throw away prices? Looks good in shape to me.

 

[kaykay]

they are lucky it got sold for that much - one dosnt even get spares for this type anymore.

sir you can't be serious. This is sold for 84 lakhs Pakistni rupees. Even if they would have sold it in scrap,they would have get even more.

 

[Imran Khan]

Are these planes really worth that throw away prices? Looks good in shape to me.

pic was taken in 90s sir . no one used them now . they were in service since in 1986 as retired from PIA . in PIA they were inducted as this sir

AP-AVL Boeing 707-340C 26-08-1968
AP-AVZ Boeing 707-340C 15-10-1970
AP-AWA Boeing 707-340C 23-12-1970
AP-AWB Boeing 707-340C 10-08-1970

 

[A.Rafay]

pic was taken in 90s sir . no one used them now . they were in service since in 1986 as retired from PIA . in PIA they were inducted as this sir

AP-AVL Boeing 707-340C 26-08-1968
AP-AVZ Boeing 707-340C 15-10-1970
AP-AWA Boeing 707-340C 23-12-1970
AP-AWB Boeing 707-340C 10-08-1970

But it should be worth more, considering that it will be sold to scrap, the material that they will recover from this will be worth more.

 

[Imran Khan]

But it should be worth more, considering that it will be sold to scrap, the material that they will recover from this will be worth more.

what you want more a bird was made in 1968 and 1970 ? worked for those days busy airline and serve the nation . after retired it was inducted to air force and served more then it should . and after 43 years of service what you need sir it was scrapped and sold to throw away price . bird already earn 100s times more then we paid for it in 1970.PIA scrapped them in 1993 dear

 

[fatman17]

PIA brought 4 Cathay Pacific 747-200 for US$1.5m each. do you know what was the original price for a new 747-200 - US$ 200m at least.

 

[Gryphon]

According to Wikipedia, three 707's were in service. Is any in service now ??

@fatman17 @Aeronaut @A.Rafay

 

[Imran Khan]

According to Wikipedia, three 707's were in service. Is any in service now ??

all of them scrapped two were cargo 1 was vvip transport .gulf streams took vvip role from them.

 

[acetophenol]

good at least 84 lakhs not like PIA sold 747 for few hundred thousands

just PKR 84 Lakhs? Thats around INR 50 lakhs! Thats around the price of an Audi A4!

 

[Imran Khan]

just PKR 84 Lakhs? Thats around INR 50 lakhs! Thats around the price of an Audi A4!

and what you think abut this scrap ? its worth 1 million$ ?

we buy this baby in 100,000.00$ in 1999 and used it many years scrapped it in 2008

 

[Argus Panoptes]

Are these planes really worth that throw away prices? Looks good in shape to me.

Older jets are not as fuel efficient as the newer ones, and need much more maintenance work to keep their air-worthiness certifications. This means a much higher cost per hour flown. That is why they sell at much lower prices than you would expect.

Here is a former Airforce One for sale with bids starting at $50,000:

Air Force One For Sale: Government Selling Former Presidential Plane

 

[acetophenol]

and what you think abut this scrap ? its worth 1 million$ ?

we buy this baby in 1mn$ in 1999 and used it many years scrapped it in 2008

IM0,they could've got more,a lot more. My university got a Learjet 46 for Aeronautical dept for INR 24 Lakh. For a similiar client , this bird could've picked at least INR 75 Lakh,i.e about PKR 125 lakh