{"id":772327,"date":"2023-07-25T14:03:45","date_gmt":"2023-07-25T18:03:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/"},"modified":"2023-07-25T14:03:45","modified_gmt":"2023-07-25T18:03:45","slug":"heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/","title":{"rendered":"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC<\/b><\/p>\n<p class=\"bwalignc\"><b>Online Auction Opens August 16<sup>th<\/sup> and Bidding Closes August 17<sup>th<\/sup>, 2023<\/b><\/p>\n<p class=\"bwalignc\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hgpauction.com%2Fauctions%2F118284%2Fskybus-llc%2F&amp;esheet=53477178&amp;newsitemid=20230725152293&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.hgpauction.com%2Fauctions%2F118284%2Fskybus-llc%2F&amp;index=1&amp;md5=9c8f4a97856de59aae17273ca8ccfb09\">https:\/\/www.hgpauction.com\/auctions\/118284\/skybus-llc\/<\/a><\/p>\n<p>SAN DIEGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hgpauction.com%2F&amp;esheet=53477178&amp;newsitemid=20230725152293&amp;lan=en-US&amp;anchor=Heritage+Global+Partners+%28%26%238220%3BHGP%26%238221%3B%29%2C&amp;index=2&amp;md5=6de40b84b07b856e5652c1cbea115ffa\">Heritage Global Partners (\u201cHGP\u201d),<\/a> a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, in conjunction with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcloudinvestmentpartners.com%2F&amp;esheet=53477178&amp;newsitemid=20230725152293&amp;lan=en-US&amp;anchor=Cloud+Investment+Partners&amp;index=3&amp;md5=49d6e1a1322d0917e84bd6b12144ee68\">Cloud Investment Partners<\/a>, a diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector, announced today that they will host an online auction of large quantity of CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer required by Skybus LLC. The online auction is scheduled to open on August 16<sup>th<\/sup> at 7:00am ET and slated to close in sequential order at 10:00am ET on August 17<sup>th<\/sup>, 2023.<\/p>\n<p>\n\u201cThe CFM56 Market is in extremely high demand. We had an outstanding sale for iAeroThrust earlier this year, prompting Skybus to entrust both HGP and Cloud Investment Partners with their assets for sale. This impressive list of assets includes Engines, LLP\u2019s, Blades, Disks and more,\u201d said David Weiss from Cloud Investment Partners.<\/p>\n<p>\nCraig Thompson, Senior Vice President of HGP added, \u201cWe are excited to collaborate with Cloud Investment Partners for the auctioning of Skybus\u2019s surplus inventory of CFM56-3, 5A, 5B, 5C and 7B parts. We anticipate a robust participation in the event and are confident that this offering will be highly sought-after in the marketplace.\u201d<\/p>\n<p>\nInterested parties can view all assets for sale and register to bid on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fhgpauction.hibid.com%2Fcatalog%2F470050%2Fskybus--llc%2F&amp;esheet=53477178&amp;newsitemid=20230725152293&amp;lan=en-US&amp;anchor=HGP%26%238217%3Bs+website&amp;index=4&amp;md5=e6820a070895d93ef3f68efa1f902de1\">HGP\u2019s website<\/a>.<\/p>\n<p>\nKey items for sale include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\n(2) CFM56-5B4\/P Complete Engine in Stand<\/p>\n<\/li>\n<li>\nPW JT9D-7J Complete Engine in Stand<\/p>\n<\/li>\n<li>\nEngine Module Stands<\/p>\n<\/li>\n<li>\nLLP\u2019s<\/p>\n<\/li>\n<li>\nVarious Tagged HPT<\/p>\n<\/li>\n<li>\nLPT Stage Blades<\/p>\n<\/li>\n<li>\nFan Disks<\/p>\n<\/li>\n<li>\nBooster Spools<\/p>\n<\/li>\n<li>\nLPT Shafts and Cases<\/p>\n<\/li>\n<li>\nAir Seals<\/p>\n<\/li>\n<li>\nHPT Shafts<\/p>\n<\/li>\n<\/ul>\n<p><b>Heritage Global Partners, Inc. (&#8220;HGP&#8221;) <\/b>is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast &amp; Postproduction, Chemical, Electronics Manufacturing, Energy, Food &amp; Beverage, Heavy Construction, Metalworking, Oil &amp; Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile &amp; Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.<\/p>\n<p><b>Heritage Global Inc. (\u201cHG\u201d) <\/b>values and monetizes industrial &amp; financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.<\/p>\n<p><b>Cloud Investment Partners<\/b> is a team with unparalleled experience. Cloud Investment Partners understands that it is critical to help meet our client challenges and capitalize on opportunities successfully. A diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230725152293r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230725152293\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230725152293\/en\/<\/a><\/span><\/p>\n<p>\nCraig Thompson<br \/>\n<br \/>(858) 210-8785<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cthompson@hginc.com\">cthompson@hginc.com<\/a><\/p>\n<p>\nDavid Weiss<br \/>\n<br \/>(561) 771-4246<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:david.weiss@cloudlllp.com\">david.weiss@cloudlllp.com<\/a><\/p>\n<p><i>Investor Relations:<br \/>\n<\/i><br \/>John Nesbett\/Jennifer Belodeau<br \/>\n<br \/>IMS Investor Relations<br \/>\n<br \/>203\/972.9200<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:InvestorRelations@HGinc.com\">InvestorRelations@HGinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Online Retail Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230725152293\/en\/1848965\/3\/HGP_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC Online Auction Opens August 16th and Bidding Closes August 17th, 2023 https:\/\/www.hgpauction.com\/auctions\/118284\/skybus-llc\/ SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Heritage Global Partners (\u201cHGP\u201d), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, in conjunction with Cloud Investment Partners, a diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector, announced today that they will host an online auction of large quantity of CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer required by Skybus LLC. The online auction is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772327","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC Online Auction Opens August 16th and Bidding Closes August 17th, 2023 https:\/\/www.hgpauction.com\/auctions\/118284\/skybus-llc\/ SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Heritage Global Partners (\u201cHGP\u201d), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, in conjunction with Cloud Investment Partners, a diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector, announced today that they will host an online auction of large quantity of CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer required by Skybus LLC. The online auction is &hellip; Continue reading &quot;Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T18:03:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230725152293r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC\",\"datePublished\":\"2023-07-25T18:03:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/\"},\"wordCount\":621,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230725152293r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\\\/\",\"name\":\"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/","og_locale":"en_US","og_type":"article","og_title":"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC - Market Newsdesk","og_description":"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC Online Auction Opens August 16th and Bidding Closes August 17th, 2023 https:\/\/www.hgpauction.com\/auctions\/118284\/skybus-llc\/ SAN DIEGO&#8211;(BUSINESS WIRE)&#8211;Heritage Global Partners (\u201cHGP\u201d), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL), and a worldwide leader in asset advisory and auction services, in conjunction with Cloud Investment Partners, a diversified global investment firm dedicated to Strategic investments primarily in the Aviation sector, announced today that they will host an online auction of large quantity of CFM56-3, 5A, 5B, 5C and 7B surplus parts inventory, no longer required by Skybus LLC. The online auction is &hellip; Continue reading \"Heritage Global Partners in Conjunction with Cloud Investment Partners to Host Online Auction Featuring Large Quantity of CFM56-3, 5A, 5B, 5C and 7B Surplus Parts Inventory No Longer Required by Skybus LLC\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-global-partners-in-conjunction-with-cloud-investment-partners-to-host-online-auction-featuring-large-quantity-of-cfm56-3-5a-5b-5c-and-7b-surplus-parts-inventory-no-longer-required-by-skybu\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-25T18:03:45+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230725152293r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 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