When aircraft sit for prolonged periods of time, very bad things happen, especially in harsh environments. Such was the case for a 1984 Hawker 800B that was repossessed by the group of banks that had lent against the aircraft. The current market value of the aircraft should have been in the neighborhood of $800,000 with a wholesale value of about $685,000. This aircraft could not be economically made airworthy and was ultimately sold for its scrap value of $34,540.

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To get more detail on the Hawker 700B, read the entire article in AIN On-line.