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747 jets

Jumbo sale: two 747 jets auctioned on Chinese online platform

BEIJING: The sky seems to be the limit for Chinese online shopping portal Taobao, which auctioned off two Boeing 747 jumbo jets on Tuesday for nearly US$50 million. Chinese air cargo company SF Airlines bought the pair for over 320 million yuan (US$48 million), the official Xinhua news agency reported. After six failed attempts over two years to sell three 747s from defunct carrier Jade Cargo International, a court in the southern Chinese city of Shenzhen decided to auction them online. Read More: Boeing eyes rivals…