That's less than $2 million for each aircraft when you consider the five spare engines. The used aircraft market can't be that bad off is it? Astounding.... Do all the 767's need D checks or what? Jose Prize Fan of wondering In a message dated 3/12/2004 10:09:42 AM Eastern Standard Time, bahadiracuner@xxxxxxxxx writes: > Subj: [Sky-1] UAL gets rid of the 762s > Date: 3/12/2004 10:09:42 AM Eastern Standard Time > From: bahadiracuner@xxxxxxxxx > Reply-to: Skyone@xxxxxxxxxxxxxxx > To: AIRLINE@xxxxxxxxxxxxxxxxx, Skyone@xxxxxxxxxxxxxxx > Sent from the Internet > > Air Transport Group agrees to acquire planes and engines from United > Airlines for $32 million. > > UAL Corp., the parent of United Airlines, reached a deal to sell 16 Boeing > 767-222 aircraft and five spare engines to the Air Transport Group Inc. for > $32 million, according to a papers filed in bankruptcy court. > > The proceeds will be used to pay down UAL's debtor-in-possession loan. > > UAL tried to sell the planes and parts for nine months, attracting three > bids including the one from Air Transport, according to the court papers. > > UAL will need bankruptcy court approval for the deal at a hearing on March > 19. > >