MARCH 8, 2005 - Posted at 10:11 a.m. CST
NEWPORT, AR - The city of Newport's airport commission plans to sell a twin-engine aircraft it owns.
The city bought the twin engine 1981 Chieftan C-R plan five years ago for $2,000. The aircraft had been listed as surplus property after it was confiscated in a drug bust and forfeited.
The city agreed to terms that required it to hold onto the aircraft for five years. Now, Airport Commission Chairman Jim McLarty says the plane is ready for the auction barn.
McLarty says the plane is in top condition, and proceeds from the sale will go toward financing for a runway extension.
The plane will be offered at public auction on March 19 at 11:30 a.m. Grady Auctions of Newport will be in charge of the sale.