Business
Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC
Online Auction Opens August 16th and Bidding Closes August 17th, 2023 https://www.hgpauction.com/auctions/118284/skybus-llc/ SAN DIEGO--(BUSINESS WIRE)--
About this update from Heritage Global Inc.
[{"type":"text","content":"\nOnline Auction Opens August 16th and Bidding Closes August 17th, 2023\n\n\nhttps://www.hgpauction.com/auctions/118284/skybus-llc/\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nHeritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, in conjunction with Cloud Investment Partners, a diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector, announced today that they will host an online auction of large quantity of CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer required by Skybus LLC. The online auction is scheduled to open on August 16th at 7:00am ET and slated to close in sequential order at 10:00am ET on August 17th, 2023.\n\n\n“The CFM56 Market is in extremely high demand. We had an outstanding sale for iAeroThrust earlier this year, prompting Skybus to entrust both HGP and Cloud Investment Partners with their assets for sale. This impressive list of assets includes Engines, LLP’s, Blades, Disks and more,” said David Weiss from Cloud Investment Partners.\n\n\nCraig Thompson, Senior Vice President of HGP added, “We are excited to collaborate with Cloud Investment Partners for the auctioning of Skybus’s surplus inventory of CFM56-3, 5A, 5B, 5C and 7B parts. We anticipate a robust participation in the event and are confident that this offering will be highly sought-after in the marketplace.”\n\n\nInterested parties can view all assets for sale and register to bid on HGP’s website.\n\n\nKey items for sale include:\n\n\n\n(2) CFM56-5B4/P Complete Engine in Stand\n\n\n\nPW JT9D-7J Complete Engine in Stand\n\n\n\nEngine Module Stands\n\n\n\nLLP’s\n\n\n\nVarious Tagged HPT\n\n\n\nLPT Stage Blades\n\n\n\nFan Disks\n\n\n\nBooster Spools\n\n\n\nLPT Shafts and Cases\n\n\n\nAir Seals\n\n\n\nHPT Shafts\n\n\n\nHeritage Global Partners, Inc. (\"HGP\") is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Re...