Clive Palmer’s jet goes up for auction

SELF-DESCRIBED billionaire, politician and mining magnate Clive Palmer's $40 million jet reportedly is set for auction as creditors for his insolvent aviation business pursue the company for millions of dollars.

The Australian reported the Bombardier BD-700-1A10 Global Express was Palmer Aviation's only asset.

It was bought for $40 million in June 2012.

The company went into voluntary receivership last week along with his nickel refinery, Queensland Nickel.