Alaska's VIP Aircraft Sold At A Loss

[nhboy (Premo)]

"Sarah Palin bolstered her reputation as a reformer – and got one of her biggest cheers in her Republican convention speech last week – when she said she had sold the governor's official jet on eBay as her first act on taking office in Alaska.

What she didn't say was that the aircraft had failed to sell over the internet and was eventually sold off at a loss.

In fact when it was listed on eBay it attracted only one serious bid, and that fell through. Dan Spencer, director of administrative services at Alaska's Public Safety Department, told reporters that John Harris, the speaker of the Alaska House, then brokered a sale to Larry Reynolds, a businessman who made campaign contributions to both Mrs Palin and Mr Harris.

Mr Reynolds paid only $2.1m for the aircraft, and now wants $50,000 from the Alaskan taxpayer to cover maintenance costs."

Sale of Alaska's state jet on eBay revealed as a lie - Americas, World - The Independent


Looks like she got a decent sum for it. Why high-light the Ebay sale which failed vice telling the whole story?

[Pandora (Premo)]

Purchased for $2.7m in 2005
And she sold it for 2.1m. Did they expect her to get what was paid for it? Even with the extra 50K, no big deal, it was sold and the money collected put back in the budget where it belong.

Your point?

[Andras]

Palin said she 'put' it on ebay, not 'sold' it on ebay.

And I've never heard of selling a used vehicle for more then you bought it for.

[Lenny]

Originally Posted by Andras

Palin said she 'put' it on ebay, not 'sold' it on ebay.

And I've never heard of selling a used vehicle for more then you bought it for.

... but it was a scoop of horse sh!t.

[AK-74me]

This is about the biggest non-news on Palin yet and that is saying alot.

[Christy]

Originally Posted by Andras

Palin said she 'put' it on ebay, not 'sold' it on ebay.

I thought she was just joking when she said she put it on ebay.

Good for her, I think she got a pretty decent price for it in the end.

[3M3tib]

They wouldn't have taken any depreciation on that aircraft, would they?

[wmburdette (Premo)]

...comes from not having to maintain the aircraft, support the cost of operations (not just fuel), and the staff to maintain it, handle it on the ground, hangar space, and the pilots. These savings are usually much more than just the difference between bought and sold price.

[huntr1]

Originally Posted by wmburdette

...comes from not having to maintain the aircraft, support the cost of operations (not just fuel), and the staff to maintain it, handle it on the ground, hangar space, and the pilots. These savings are usually much more than just the difference between bought and sold price.

How dare you bring common sense into a Dumbocrat's Palin Bashing thread!

[Vince]

Originally Posted by Pandora

Purchased for $2.7m in 2005
And she sold it for 2.1m. Did they expect her to get what was paid for it? Even with the extra 50K, no big deal, it was sold and the money collected put back in the budget where it belong.

Your point?

Sounds like a good sale. I guess annoyingboy would expect to buy a new car today and sell it for the same price after he drove it off the lot. Not going to happen.