New Pacific to Auction Boeing 757s Amid Liquidation Process

New Pacific is set to auction a collection of assets, including two operational Boeing 757-200 aircraft, as part of its liquidation process following the abrupt shutdown of the airline at the end of 2025. The auction, scheduled for March 18, 2026, will also feature an engineless airframe and a valuable FAA Part 121 operating certificate. This certificate may hold significant strategic importance for potential buyers, potentially rivaling the value of the aircraft themselves.

The decision to liquidate comes after FLOAT Alaska’s Chapter 11 filing, which has raised questions about the future of the airline industry in the region. The Boeing 757, while no longer in high demand among mainstream passenger airlines, could find new life in charter services, cargo transport, or as a source for spare parts.

Details of the Auction

Bidders interested in participating must qualify by March 16, 2026, and sign a non-disclosure agreement. The auction includes not only the two functional Boeing 757s, identified as N627NP and N628NP, but also the engineless N629NP, all of which are currently stored in Mojave. The aircraft are equipped with Rolls-Royce RB211-535E4 engines, which enhance their appeal for potential cargo operations.

Even without engines, the airframe of N629NP retains value as a source for parts, which can support other aircraft in operation. Qualified bidders will have the flexibility to bid on the entire package or individual assets, allowing for various combinations of ownership. This flexibility could lead to different buyers acquiring the certificate, flyable aircraft, and stripped airframe, catering to diverse market needs.

The Evolving Market for Boeing 757s

The used Boeing 757 market has shifted from being a traditional airline replacement sector to a more niche aftermarket focused on cargo and specialized missions. Analysts predict that Boeing 757 retirements in the next decade could equal the entire fleet currently in service, indicating a significant decline in passenger operations.

Despite this trend, the aircraft still holds value. Boeing anticipates continued growth in North American air cargo, and the International Air Transport Association (IATA) projects rising cargo volumes through 2026. This backdrop supports the ongoing interest in converting Boeing 757s into freighters, as they fit well into the increasing demand for cargo capacity.

The combination of a valuable operator certificate and the potential for aftermarket support contributes to sustained interest in Boeing 757s. The aircraft’s afterlife, particularly in freight operations and parts supply, remains robust even as its passenger service diminishes.

Potential Buyers and Future Prospects

Three primary categories of buyers are likely to emerge in this auction. The first group consists of cargo and aftermarket specialists, such as AerSale and AAR. They are primarily interested in the two engine-equipped aircraft for their utility as freighters, along with the parts value of the stripped airframe.

Another potential buyer segment includes charter-focused operators and brokers, like Elevate Aviation and Private Jet Services, who have previously collaborated with New Pacific to utilize these jets for various luxury travel routes. Demand from sports teams, entertainment groups, and corporate clients has remained strong for these high-capacity, business-class-only jets.

Lastly, investors from startups or strategic firms may place a higher value on the Part 121 certificate itself, potentially acquiring the assets for resale at a higher price in the future. This diverse interest highlights the unique opportunities presented by the auction and the growing market for specialized aircraft operations.

As New Pacific’s auction approaches, the aviation community watches closely, eager to see how these assets will be repurposed and what future opportunities lie ahead in the evolving landscape of the airline industry.