Procurement: February 22, 2004

Archives

It turns out that the F-18 aircraft for sale on eBay was obtained at a scrap auction, because the government officials failed to cut up the parts and render the aircraft  unflyable. An aircraft collector (Ken Bryant of Air Capitol Warbirds Inc., in Wichita, Kansas) bid 25 cents a pound, and scared away the usual gang of scrap dealers that were expecting to pick up the aircraft for a less than a nickel a pound. The aircraft went through several owners before the current one (via broker Landa and Associates of Arlington, Washington). put it up for auction on eBay. The current owner says the aircraft can be restored to flying condition for $9 million. A meeting with government officials (including representatives from the State Department, the Department of Defense and the FBI) left the owner in legal possession of his aircraft. But he had to promise not to sell it to anyone but Americans, and to keep the F-18 in the United States. The FBI advised that the aircraft not be sold at all. The eBay auction ended without a sale, mainly because no one could come up with the cash (at least one check bounced.) The owner is now trying to sell it directly (via the broker). Given the publicity he has gotten, that would be possible. There is still a risk that the government might decide to sue to get the aircraft back. Anyone who does get it flying again will have to spend at least 40,000 a month on maintenance. And that's only if the aircraft is only flown 2-3 hours a month. 

 


Article Archive

Procurement: Current 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 


X

ad
0
20

Help Keep Us Soaring

We need your help! Our subscription base has slowly been dwindling. We need your help in reversing that trend. We would like to add 20 new subscribers this month.

Each month we count on your subscriptions or contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage. A contribution is not a donation that you can deduct at tax time, but a form of crowdfunding. We store none of your information when you contribute..
Subscribe   Contribute   Close