New Mexico sells state aircraft for $245,000

The administration of N.M. Gov. Susana Martinez sold the state's 1976 Beechcraft King Air for $245,000. The twin-engine aircraft had been grounded since 2007, and New Mexico estimated it would have cost $1 million to upgrade the aircraft. Fayard Enterprises, a company that supplies planes for skydiving outfits, bought the aircraft.

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