The plane is missing an engine, the cockpit needs restoring, and its once bright red and silver exterior is faded and tarnished with rust.The 1962 Lockheed is one of three private jets the Heartbreak Hotel rocker owned.This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.It's rusty, missing an engine, and has been sitting on a runway in New Mexico for more than 30 years — but a private jet once owned by Elvis Presley is on the market for the second time in less than two years.Presley's collection included two other planes: the Lisa Marie, a 1958 Convair 880 named after his daughter, and the Hound Dog II, another Lockheed JetStar he bought in 1975.The 1962 Lockheed JetStar, once joint-owned by Presley and his father Vernon, is being sold "as is" on online auction site IronPlanet."It may go for even less this time around," Robb Report said.The current auction ends in late July.The current owner paid US$430,000 ($578,000) for the plane last May — well below the estimated selling price of $2-3.5 million, according to the GWS listing from 2017.Both are owned by the Graceland Estate, making the 1962 Lockheed the only privately owned plane previously owned by Presley."It's not clear what one would do with the plane," a report in luxury publication Robb Report said.Despite its reported potential, this is the second time The King's old jet has been up for auction in the past two years.But previous auction house GWS Auctions claimed the interior of the 56-year-old plane was in the same condition Presley left it, with the "gold-tone hardware, woodwork inlay, red velvet seats and red carpet", custom-designed for the King himself, still intact."It would have to be disassembled and transported somewhere — although it could potentially fetch millions if it was fully restored.""This jet has the potential of being restored, and placed on exhibit for the world to come see," the GWS listing said.It is not possible to see what bids have been made, if any, but the listing had more than 100 watchers. The red1962 Lockheed Jetstar has no engine and needs a restoration ofits cockpit.In 2015, Julien's Auctions, a Beverly Hills,California-based auction house that specializes in entertainmentmemorabilia, auctioned Presley's two planes, called the Lisa Marieand the Hound Dog II. Presley bought the twojets, which are no longer airworthy, in 1975, just two years before hisdeath.Roy McKay told NBC-affiliated KOB-TV in Albuquerque he designed theinterior himself, adding during the purchase, it had a two-toned grayinterior and "kind of looked like a casket.
It was also one of the largest aircraft in the class for many years, seating ten plus two crew. A previous owner disputed the auction house’s claim the king of rock ‘n’ roll designed its …
Type. One 1962 Lockheed Jetstar, no engine, 2 previous known owners, shag carpeting, red velvet seats, A hundred 40-year-old fried pb and banana sandwhichs in the overhead bin. The red 1962 Lockheed Jetstar has no engine and needs a … Search aircraft for sale for free!
FOR SALE: $500,000. Lockheed built 162 of the 4 engine P&W turbojet powered JetStars from the 60’s to the early 70’s and 40 of the TFE731 powered JetStar 2’s in the late 70’s. Raw Message. Lockheed JetStar. Presley died Aug. 16, 1977, at the age of 42 in Memphis.The auction was announced by IronPlanet, which releasedthe photos of the jet that has been sitting on a tarmac inRoswell, New Mexico. Lindsay Goldstein, a spokeswomanfor (http://www.ironplanet.com.au/for-sale/Aircraft-1962-Lockheed-Jetstar-1329-Jet-Elvis-Presley-Previous-Owner-New-Mexico/1477613)IronPlanet , said the current owner "has not made anychanges to this piece of history. Permalink. The jet was owned by Elvis and his father, Vernon Presley, Liveauctioneers.com says. It has been privately owned for 35 years and sitting on a tarmac in Roswell, New Mexico. It was a progenitor of a category that has come to symbolize power, luxury and success. Country of Origin. Lockheed’s JetStar was the first dedicated business jet, entering service in 1961. But the red 1962 Lockheed Jetstar has no engine and needs a restoration of its cockpit. However, a previous owner disputed the king of rock'n' roll designed its red velvet interior. Live Auctioneers. About 70 of the original Jetstars were re engined with the same 731 engines in the late 70’s to early 80’s by Airesearch Aviation at a cost of about 1 million dollars. Link/Page Citation A private jet once owned by Elvis Presley is up for auction despite having only been bought by a new owner last year for $430,000. The four engined JetStar was initially designed as a private venture but was also selected to fulfil a US Air Force requirement for a multi engined light transport and crew trainer. The Lockheed JetStar (company designations L-329 and L-1329; designated C-140 in US military service) is a business jet produced from the early 1960s to the 1970s. Fumigation not included in offer