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When international airline Transjet went bankrupt in 2002, owners and employees were sure the company’s fleet of Boeing 747 jets would be bought by another airline.

Turns out, they were half-right. One of the company’s 747s was purchased by Oscar Dios, but not for flight. Dios, also the owner of the Uppsala hotel in Stockholm, transformed the plane into a hostel for use at the nearby Arlanda airport.

Dubbed “Hostel Jumbo,” the establishment is slated to open Jan. 15, 2009, with 85 beds and 25 rooms. Rates start at $46 to be in a four-person dorm room, but if you’re looking for a little more peace and quiet while on a business trip, the hostel also features a pricier cockpit suite.

Other features include a 24-hour cafe and a walkway onto the jet’s wing that offers a view of the neighboring airport.

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Tags: Boeing, Hostel, Jets, Stockholm, travel