Martin Jetpack listed on Trade Me for $1 – sky’s the limit

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Most of the assets of the now-defunct Martin Aircraft Company were snapped up in an international tender that closed last week, but two of the protype Martin Jetpack aircraft are about to land on Trade Me – where they’ll start with a $1 reserve.

“We’re getting calls and emails from people all over the world who are interested in the Martin Jetpack story and in the sale of the equipment,” says Skylarc Asset Realisation’s Sam Brown.

“All I can say is that we’ve sold the tender package with jetpacks, unmanned drone test aircraft, spare engines, training simulators, every imaginable spare part, computer servers, branding and technical documentation. It will soon be heading off to the buyer. And no, I can’t say where it’s going or what price it went for,” Sam says.

Two prototype Martin Jetpacks and other remaining assets of the pioneering Christchurch aviation company will go live on Trade Me in the next few days – where each item will start with a $1 reserve.

“This is a once in a lifetime opportunity to buy a Martin Jetpack. You won’t be flying anywhere with it, but it will be a great talking point,” Sam says.

“In the last few weeks I’ve spoken to plenty of aviation buff and collectors who are eying up this opportunity. Some of them have likened this to having the opportunity to buy a John Britten motorcycle. One of his motorbikes is on permanent display in Te Papa.”

When the last of the Martin Jetpack Trade Me auctions ends on Tuesday 23 November, the door will close on the Martin Aircraft Company and a unique slice of New Zealand aviation history. Aviation enthusiasts are likely to remain on alert, to see whether Martin Jetpacks re-emerge in some form under the new ownership.

David Ruscoe and Russell Moore of Grant Thornton New Zealand were appointed as Liquidators of Christchurch-based Martin Aircraft Company Limited in March, following the wind up of the company in 2019. They appointed Sam’s company to manage the sale of the remaining assets on their behalf.

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