Concorde fleet have been grounded, drained of hydraulic fluid and their airworthiness certificates withdrawn. Jock Lowe, ex-chief Concorde pilot and manager of the fleet estimated in 2004 that it would cost £10–15 million to make G-BOAF airworthy again. BA maintain ownership and have stated that they will not fly again due to a lack of support from Airbus. On 1 December 2003, Bonhams held an auction of British Airways Concorde artefacts, including a nose cone, at Kensington Olympia in London. Proceeds of around £750,000 were raised, with the majority going to charity. G-BOAD is currently on display at the Intrepid Sea,
Anti-Concorde Project the new Labour government took office in October 1964 with a £700m annual deficit, Government-funded "prestige projects" such as the Concorde (with escalating costs) had been shortlisted for cancellation. The 1962 development estimates for Concorde were £150-170m, and had risen to £280m. Evidence of financial mismanagement also emerged and the UK Treasury, responsible for tracking government spending, had not been involved in drawing up the Anglo-French agreement to build Concorde, and was not represented on the Concorde Finance Committee. The British government announced the cancellation of the Concord on 19 November but rescinded it the next day due to agreements