Indiana Airport Balances Budget By Selling Planes on eBay
By: eBay Inc. Staff
Despite initial skepticism, a suggestion from the board pays off.
What happens when airplanes and e-commerce collide? In the case of Indiana’s Terre Haute International Airport, which recently went ahead with plans to list several of its planes for sale on eBay, the result can be a more balanced budget. As reported by Indiana’s Tribune-Star, the airport has just sold not only the initial planes listed, but several others, for a total of seven, and total revenues of $281,036.97.
The airport sold the planes successfully after its board agreed to test market prices. At a May 12 board meeting, members deemed existing bids for several airplanes to be too low. Following a suggestion in that meeting for an online reality check on the planes’ value, airport officials decided to list them on eBay.
“We, as the airport authority, oversee a flight school that primarily serves students at Indiana State University,” Terre Haute International Airport Director Dennis Wiss explained. “We found ourselves with too many planes, weren’t happy with bids on some of them, and one of our board members suggested that we list them for sale on eBay.”
Not everyone was initially confident that the plan would succeed, though. Wiss said he was dismayed by and skeptical of the suggestion, but didn’t object. This week, Wiss announced to the board that the original listed planes sold, and additional ones did as well, after the online auction spurred interest in them.
“I couldn’t believe it,” said Wiss. He confirmed that the successful sale of the planes will put the airport and its flight school in more stable financial condition.