Yesterday’s tax auction by the Brazilian government of a Bombardier Challenger 300 and Dassault Falcon 900 at Viracopos Airport in Campinas, Brazil, failed to garner the minimum bids of $12.85 million and $5.05 million, respectively. Another auction will be scheduled, possibly by year-end, with lower minimums that have not yet been determined. The business jets were seized by the government after they were supposedly imported by Brazilian citizens without payment of customs duties.
No Bids in Brazilian Bizjet Tax Auctions
- November 26, 2013, 2:20 PM