Air Australia liquidates stock in fire sale

Reported by By ninemsn staff
Tuesday, April 3, 2012
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From sick bags to airplane stairs, failed budget airline Air Australia is auctioning off items left in inventory in a fire sale aimed at paying off a slice of its $85 million debt.

The airline's liquidator Korda Mentha has listed more than 110 items from the defunct company’s aircraft and ground operations through auction website Grays Online.

PHOTOS: Check out the items and what they cost

Buyers can bid on everything from lifejackets and medical stretchers to cups and food trays, and even 100 airplane seats – listed this morning at $799 each.

When Air Australia collapsed in February this year, leaving passengers stranded and creditors waiting to be paid, administrator Mark Korda said the company had little to sell because it leased its aircraft.

Now he hopes to raise hundreds of thousands of dollars in the auction selling what little the airline had leftover. Despite many of the items yet to find bidders, Mr Korda said he was confident the auction would be sold.

"The good thing about airline parts and equipment [is] there's a worldwide market for them and that's why we do [the auction] online," Mr Korda told The Australian.

22/04/2014 00:43Sydney, Australia. 22 April,2014
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