Iowa State has sold an airplane damaged by former university president Steven Leath. ISU says the Cirrus SR22 was purchased by Midwest Aviation Equipment of Cedar Rapids for $450,000. Iowa State bought the plane in 2014 for $498,000, minus the value of a trade-in. The school says in a statement the winning bid was $24,000 more than the next highest offer and the plane was sold directly by the university instead of going through a broker. Leath caused more than $15,000 in damage to the plane during a hard landing in 2015. The incident lead to an audit that found Leath had used the plane for both personal and university purposes. He left ISU last month to become president of Auburn University.
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