Oh, how the mighty have fallen.

Following years of perverting South Africa’s political system for self-enrichment, throwing over-the-top weddings, and hobnobbing with the former president and co., the Guptas aren’t doing so well.

We know this because their assets are slowly diminishing.

The latest previously Gupta-owned investment to go on the market is their infamous private jet.

You know the one – it was frequently used by South African (allegedly Gupta-appointed) ministers to travel to Dubai, and it also flew Cyril Ramaphosa to Japan when he was deputy president.

Before we go into the details of the sale, do yourself a favour and follow this link to take a visual tour of the luxury aircraft.

Back in February of last year, the Guptas were reportedly behind on payments of a loan, and the aircraft was on the list of assets that the Canadian government wanted to seize.

Now, reports Business Insider, the jet is on sale and could be sold for up to R440 million.

An advertisement for the 2015-model Bombardier Global 6000 was placed in Business Day’s lifestyle section on Tuesday.

The advert by Jetcraft aircraft sales did not explicitly mention that the plane was owned by the Gupta-family.

However, Geoffrey York, Africa correspondent for The Globe and Mail in Canada, spotted that the plane’s registration number is ZS-OAK, which was formerly owned by the family.

York shared a snapshot of the ad on Twitter:

Well spotted.

Oakbay was the name of the Gupta family’s business in South Africa.

Jetcraft confirmed to Netwerk24 that the aeroplane was previously owned by the Gupta family.

TimesLive reported that an agent trying to sell the plane is hoping to sell the plane for $30 million, or R440 million.

The Guptas initially bought the plane with help from Canada’s export credit agency, Export Development Canada (EDC), which footed up to 80% of the bill.

There’s no confirmation on exactly where the money from the sale will go, but I doubt it’s back into the Gupta estate.

[source:businessinsider]