New Pacific to Auction Boeing 757s Amid Liquidation

New Pacific is set to auction a unique collection of aviation assets, including two operational Boeing 757-200 aircraft, an engineless airframe, and a valuable FAA Part 121 operating certificate. This sale follows FLOAT Alaska’s Chapter 11 filing and New Pacific’s sudden closure in late 2025. The auction, scheduled for March 18, 2026, raises questions about the future of these aircraft, focusing on whether they will serve in charter operations, cargo transport, or as sources for spare parts.

Details of the Auction

Bidders must qualify by March 16 and sign a non-disclosure agreement to participate. The auction package includes three Boeing 747-200s stored in Mojave, alongside spare parts and tools. The two functional aircraft, identified as N627NP and N628NP, are equipped with Rolls-Royce RB211-535E4 engines. In contrast, the N629NP airframe will be sold without engines, yet remains valuable for its potential use in supporting other aircraft.

Qualified bidders have the flexibility to purchase either the complete package or individual assets. This adaptability allows for scenarios where one buyer acquires the operating certificate, another secures the flyable jets, and a third invests in the stripped-down aircraft primarily for parts.

Market Trends for Boeing 757s

The current landscape for used Boeing 757s indicates a shift away from traditional passenger service. Analysts suggest that retirements over the next decade may match the size of the entire in-service fleet as of 2025. Despite this trend, the aircraft still holds value in the cargo and specialist mission markets. Boeing projects sustained growth in North American air cargo, and the International Air Transport Association (IATA) anticipates an increase in cargo volumes in 2026.

This ongoing demand underscores the potential for Boeing 757s to thrive as freighters in the aftermarket. The presence of an operator certificate can enhance the attractiveness of these aircraft, making them appealing to various buyers, including those focused on narrowbody freighter operations.

Potential Buyers and Their Interests

Three categories of buyers are likely to emerge for these assets. First are cargo and aftermarket specialists like AerSale and AAR, who see utility in the two engine-equipped aircraft and the parts value of the N629NP. Charter operators, such as Elevate Aviation and Private Jet Services, may also show interest, particularly for large-group VIP services. These companies have previously collaborated with New Pacific, deploying its 78-seat business-class jets across diverse routes, catering to corporate shuttles, sports teams, and luxury travelers.

Lastly, investors or startups prioritizing the Part 121 certificate over the airframes could also be in the mix. Strategic buyers may view the auction as an opportunity to acquire assets for resale at a higher value.

As the auction date approaches, the aviation industry will be keenly observing how New Pacific’s assets find new life in a rapidly evolving market.