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Friday, December 13, 2013

Government Plane Expected To Be Sold For Between $2M-$3M

The Ontario company hired as a broker in the sale of the provincial government's airplane, expects the aircraft will be sold for between $2 million and $3 million.

Transportation Minister Claude Williams estimates the plane is worth about $3.8 million.

The Director of Sales and Marketing for Flying Colours of Peterborough, Gary Wood points out there are between 70 and 80 aircraft of the same model already on the market and it could take six to nine months to sell the King Air B-200.