9 Profit on sale of property, plant and equipment and investments
| Group | ||
|---|---|---|
| £million | 2008 | 2007 |
| Net profit on sale of property, plant and equipment | 12 | |
| Write-off of Boeing 777 aircraft | (60) | |
| Insurance recoveries on Boeing 777 aircraft | 63 | |
| Net profit on disposal of investment in WNS | 48 | |
| Net loss on sale of other investments | (1) | (1) |
| 14 | 47 | |
A prior year sale of seven Boeing 767 aircraft resulted in a provision to cover guarantees. This has subsequently been released and has resulted in a net profit of £12 million.
A £60 million loss on disposal has been recognised as a result of the incident involving a Boeing 777 at Heathrow in January 2008. This is offset by a £63 million recovery of insurance proceeds, of which £51 million was received during the year.