Starting from a Fake University
Chapter 905 - 499: Bidding for a Domestic Large Aircraft (Please Subscribe) _2

Chapter 905: Chapter 499: Bidding for a Domestic Large Aircraft (Please Subscribe) _2

Just afraid of encountering a blockheaded opponent.

Though Ding Yue had money, he couldn’t be reckless with it. If he couldn’t secure the domestic C919 commercial airliner for 250 million yuan, then Ding Yue would consider giving up and go purchase another large aircraft instead.

So, on September 3rd.

Ding Yue took his secretary Wen Ruohan, flying to Yancheng where Xia Country Airlines Company had prepared the auction site.

Principal Xu Dongcheng also came to join the bustle this time, seemingly as a companion to Ding Yue for this auction.

"Principal Ding, there are a total of nine universities participating in the auction for the domestic C919 commercial airliner. Originally, other companies wanted to join, but they were rejected. It seems that Xiahang plans to sell exclusively to domestic aviation universities this time."

Principal Xu Dongcheng shared the information he had learned with Ding Yue.

"Mm-hmm, that’s quite good. If other companies were involved in the auction, we might not have been able to secure it," Ding Yue nodded.

He also knew that only nine universities were involved in the auction.

Xiahang did quite a good job this time by not scrapping or selling the "retired" domestic C919 commercial airliner to other domestic or foreign companies.

Instead, it was selling to domestic aviation universities for use in aviation education.

Also, the starting price of 120 million yuan was quite fair.

The auction itself wasn’t very grand.

After all, the participants were all domestic universities.

The most renowned among them was Southeast Aviation University, one of the top three aviation institutes in the country, along with Xia Country Aviation University and Northwest Aviation University.

It was obvious that Southeast Aviation University was not lacking large aircraft for teaching purposes.

So they were clearly targeting the domestic C919 as their big catch.

Actually, everyone was here for the domestic C919.

But Ding Yue was different.

Ding Yue pondered that after buying this domestic C919, he might be able to exchange it for related black technology from the system store. Perhaps then, his Mist City Arts and Science University could achieve something in the field of aerospace?

Ding Yue’s thoughts were always visionary.

He should take this opportunity to gradually develop the aerospace institute!

About ten minutes later at the auction venue.

The person in charge of the auction from Summer Aviation Group arrived at the scene. After introducing the domestic C919 commercial airliner, he announced, "The auction starts now, with a starting bid of 120 million yuan..."

The starting bid was 120 million yuan, with each bid increment set at a minimum of five million yuan.

Indeed, the next second, a university bid 125 million yuan, marking the first bid increment of five million.

"140 million!"

The auction had only just begun, and already a university had directly increased the bid by 15 million.

Ding Yue was in no hurry.

He wanted to see just how high these universities could go with their bids, and then decide if it was within the range he had anticipated.

If it was, he would bid for it directly. If not, then it wasn’t meant to be, and Ding Yue couldn’t be bothered to keep adding bids of five million each time.

"Principal Ding, what’s your budget?"

Principal Xu Dongcheng, sitting beside Ding Yue, saw that he hadn’t raised a bid and asked out of curiosity.

"Principal Xu, how much do you think this domestic C919 commercial airliner could go for at the highest?"

Ding Yue turned his head to look at Principal Xu Dongcheng and posed a counterquestion.

"I think this domestic C919 commercial airliner’s auction price will at least reach upwards of two hundred million yuan. As for how high it could go, I have no idea, because we don’t know the psychological expectation price of these universities, right?"

Principal Xu Dongcheng merely made a rough estimate.

"I might as well tell you, Principal Xu. Our Mist City Arts and Science University’s highest bid could probably go up to 250 million yuan. If it exceeds that, I feel there’s no need to buy it. At that point, it would be better to buy an old plane," Ding Yue said with a smile.

"Mm, about the same. If it goes over 250 million yuan, it would indeed be too expensive and not worth it," Principal Xu Dongcheng said thoughtfully and nodded.

Actually, if Principal Xu Dongcheng hadn’t been indifferent to the need, his bidding strategy would probably be pegged at the 250 million yuan mark. Any higher, and it wouldn’t be worth the purchase.

"155 million!"

At this moment, another university placed a bid.

Just like the previous university, they increased their bid by 15 million, indicating the minimum bid increment of five million yuan was far from satisfying their bidding determination.

"160 million!"

Southeast Aviation University placed a bid.

They only added five million yuan, seemingly testing the waters to see if other universities would compete against them.

But at this price point, there definitely would still be bids.

Indeed.

Within less than five seconds, another high school had bid 170 million yuan.

"170 million, Southern University Aviation Institute has bid 170 million yuan, do we have any bids higher than 170 million? 170 million for the first time..."

At this price level, the speed of the bidding had clearly slowed down.

Everyone seemed to be watching and waiting.

"175 million!"

Southeast Aviation University couldn’t sit still anymore.

Seeing that no one else was bidding, they quickly added five million.

"180 million!"

Southern University Aviation Institute also increased their bid by five million, appearing somewhat determined to win at all costs.

Ding Yue just sat in the auction seats enjoying the spectacle.

He was just watching how high they would go; after all, Ding Yue was in no hurry. Even if a high school’s bid was called twice, Ding Yue would still have the chance to make a move.

"180 million for the first time!"

"185 million!"

Southeast Aviation University seemed to be in a full-on battle with Southern University Aviation Institute.

Both institutions were adding in increments of five million, and everyone else was watching the drama unfold.

"Two hundred million yuan!"

Just then, suddenly, a high school placed a high bid.

Two hundred million yuan!

Typically, two hundred million is considered a high price range.

After all, Ding Yue’s estimated pricing range was between two and two hundred and fifty million yuan.

Southeast Aviation University and Southern University Aviation Institute were both stunned. How could a new competitor emerge while they were in the heat of the battle?

Who was this new competitor?

When everyone looked, they saw that this high school was East Sea Hope University.

A private high school.

Xu Dongcheng was quite familiar with it. East Sea Hope University and his Westlight University had a somewhat similar ring to their names.

East Sea Hope University was also an established private institution, but its overall strength was slightly inferior to Westlight University.

East Sea Hope University was backed by Hope Real Estate, a rather well-known domestic real estate company.

"Hope University is quite wealthy."

Ding Yue looked over and then muttered to himself.

"Real estate developers, can they lack money? Years ago, when domestic housing prices soared, Hope Real Estate made a killing with a few new properties in the country."

Principal Xu Dongcheng said with a sense of nostalgia.

Back then, Xu Dongcheng had missed the chance to get into real estate, otherwise Westlight University might be even more impressive now, since at that time, real estate was really profitable.

Property prices went from a few thousand to break through ten thousand, twenty thousand, and even thirty or forty thousand yuan.

"I don’t believe they can come up with that much cash flow."

Ding Yue murmured to himself.

A company worth tens of billions, or even hundreds of billions, might find it difficult to come up with several billion in cash assets.

But Ding Yue was different.

As long as it related to the construction and development of Mist City Arts and Science University, Ding Yue could pull out ten billion, or even twenty billion yuan without a problem.

"Principal Ding, are you not bidding yet?"

Xu Dongcheng asked with a smile.

"No rush, let’s wait and see," Ding Yue remained in a carefree state.

"205 million!"

Southeast Aviation University seemed to be getting serious, bent on securing the domestic C919 large aircraft!

Southern University Aviation Institute, which had previously been bidding against Southeast Aviation University, stopped raising their bid upon seeing this.

It appeared that Southern University Aviation Institute’s budget was below two hundred million yuan.

A price of two hundred million could eliminate several high schools from the bidding due to inadequate budgets.

Now, after the bidding had reached two hundred million, only those who were wealthy and keen on acquiring the large aircraft remained.

Among them was Ding Yue’s Mist City Arts and Science University...