Government Liquidation Holds Auction for 747

Government Liquidation will be holding an auction of its first 747 Boeing aircraft, from Oct. 10-11, 2011. The aircraft is currently located at the Roswell, N.M., International Air Center.

The airplane has an estimated amount of 160,000 pounds of aircraft aluminum, along with some steel and copper wiring. All avionics, electronics and engines have been removed from the airplane. The 747’s first flight was 1970. Since then, the aircraft has been a part of the fleets for United Airlines, Pan Am and Polar Air Cargo. In 2003, the U.S. Air Force purchased the aircraft and used it for training exercises for wartime repairs.

According to Government Liquidation, the aircraft will have to be broken down into pieces by either of the two on-site authorized contractors; the pieces must fit in a 20 or 40 cubic yard roll off or on a flatbed trailer. The winning bidder will have two weeks from winning the bid to break down and remove the aircraft in its entirety.

The buyer must use one of two on-site companies to downsize/mutilate the aircraft. The companies certified to disassemble the airplane are Stewart Industries and AER Inc. All scrap under the contract requires mutilation which must be witnessed and certified by Department of Defense personnel within 30 days.

Title to the material does not pass to the buyer until the scrap has been mutilated.

Bidding starts at $150.

In related news, Liquidity Services, the parent company of Government Liquidation, recently received an extension of its contract with the Defense Logistics Agency. Through the program, the Department of Defense will use Liquidity Services as its “primary channel to dispose of scrap property that is approved by the DoD for sale to the public.”

More information on the auction may be obtained by clicking here: Auction Details.