03/20/2014 05:46 EDT | Updated 05/20/2014 05:59 EDT

New Brunswick government now says announcement on plane sell next week

FREDERICTON - New Brunswick's transportation minister now says an announcement on efforts to sell the government airplane will be made next week.

Claude Williams said Wednesday that he expected to make that announcement before the end of the week.

But Williams said Thursday that some details still need to be worked out.

The government committed in its 2013-14 budget to sell the King Air B200 as a cost-cutting measure.

The plane was used by the premier and members of cabinet.

Flying Colours Corp. of Peterborough, Ont., was hired in December as the broker to sell the plane.

Williams has said the plane is worth about $3.8 million, but Gary Wood, director of sales and marketing for Flying Colours, said in December he expected it would fetch between $2 million and $3 million.