China acquired an old Soviet Kuznetsov-class carrier hull as an apparent floating casino in 1998 for 20 million dollars, underwent complex international negotiations to transit the Dardanelles, lost its tow in a storm costing a sailor's life, circumnavigated Africa rather than using Suez Canal, and rebuilt it into the Liaoning to gain carrier operating experience, demonstrating both how nations acquire carrier capability and the complications of the process.

factualpending

Speaker

Unidentified Speaker — The Future of the Aircraft Carrier - New Threats, Power Pro… [Wv2C6EZW3Oc]

Evidence Quote

In 1998 it was actually Ukraine that put up a rusting aircraft carrier hull for auction. A company subsequently bought it for about 20 million US dollars...Being towed through the Strait of Gibraltar, down south around Africa, and then finally to China.

Source

The Future of the Aircraft Carrier - New Threats, Power Projection & Growing FleetsPerun
Created: 8/10/2026, 10:22:30 PM

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