Mexico holds symbolic raffle for unwanted presidential jet

Mexico held a symbolic raffle Tuesday (Sept 15) for a luxury presidential jet that President Andres Manuel Lopez Obrador calls an "insult" to the people and which has yet to find a buyer. 

President Andres Manuel Lopez Obrador

President Andres Manuel Lopez Obrador

Instead of taking home the Boeing 787 Dreamliner, holders of the 100 winning tickets were rewarded with a share of prize money totalling two billion pesos (S$128 million).

Mr Lopez Obrador, a leftist austerity crusader, has been vowing to sell the aircraft since his 2018 election campaign, saying "not even Donald Trump has a plane like that."

The jet was purchased for about US$218 million during former president Felipe Calderon's 2006-2012 term in office, and is now worth an estimated US$130 million.

The only one who used it was his successor Enrique Pena Nieto.

It has proven hard to find a buyer for a massive jet customised with an executive bedroom, private bath and seating for 80 people.

In February, Mr Lopez Obrador proposed a raffle and awarding the plane to one lucky winner.

But the plan failed to get off the ground due to a law that prohibits raffling or donating the nation's assets.

Instead the plane became an emblem adorning the six million tickets in a lottery aimed at raising funds roughly equivalent to the plane's value.

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