Islamabad, Oct 24: The PIA on Monday announced to hold an auction on October 30 to sell off its surplus vehicles and equipment.
This auction is just one of the measures by which the struggling airline hopes to cut costs as well as gain income desperately needed at the moment.
The planned auction of PIA on October 30 should generate a lot of interest for those interested in acquiring other assets at fair prices.
The sale will be held physically at PIA’s main office located in Karachi and anyone from the public as well as corporate entities are allowed to participate.
Inventories which will be taken involve ground handling equipment, old used vehicles and other materials which the airline does not require.
As PIA’s auction is to be held on October 30, this event presents good chances to get possession of important and useful property for participants and, at the same time, minimize the expenses for the national airline.
Boosting Financial Recovery
Since PIA is to sell its assets in an auction on October 30, the airline needs to undertake an effort to strengthen its financial position.
The sale is part of a restructuring strategy announced by PIA and a strategy that is aimed at bringing the efficiency and solvency of the company to better levels.
The Ministry of Defence plans to minimize social costs and resource waste by selling excess assets to allow PIA to concentrate on its primary activities and avoid spending money on unnecessary and obsolete equipment.
Opportunities for Buyers
The PIA auction has been set for 30th of October and customers will be able to bid on numerous items at what may be viewed as fairly reasonable prices from a business point of view, especially for those willing to expand their business.
Those who wants to participate in the bidding should visit PIA’s official website for information regarding the list of products on auction and how to bid.
