PAF VVIP Boeing 707 aircraft sold for Rs 8.4 million


Astonishing fact came to surface from an audit report by the Defence Ministry which revealed that a VVIP Boeing 707 aircraft of the Pakistan Air Force was sold only for Rs 8.4 million.
The sale which took place in 2008 was not in consultation with the Finance Division. The plane was sold to a private individual without an auction. Documents provided by PAF read that the Boeing 707 was in good condition. Neither the book value nor the purchase price of the plane was provided for the audit.
According to PAF officials, the case was reviewed in the Air Headquarters before the aircraft deal and it was suggested to the Lahore Air Force base that the aircraft should be auctioned.
The audit calls for the Defence Ministry to probe the sale of the plane and hold those responsible accountable.