Hong Kong  - The assets of Hong Kong budget airline Oasis, which collapsed in April, will go on sale Tuesday, the company organising the auction confirmed Monday.

The assets, divided into 50 lots, include aviation gear and spares and a virtual simulator used to train pilots alongside cabin furnishings such as cabinets, seats and head rests.

GoIndustry DoveBid, which specialises in the sale and valuation of assets, said the auction would begin Tuesday afternoon and close Thursday.

However, ticket-holders left out-of-pocket when the airline stopped operating without warning are unlikely to benefit from the sale because they cannot claim against the airline's sister company Oasis Growth and Income Investments which holds most of the assets, including the aircraft.

Oasis collapsed in April leaving 700 staff without jobs and more than 30,000 passengers holding tickets valued at 300 million Hong Kong dollars (38.5 million US dollars).

The company was officially wound up by the High Court in June after the uncertain outlook caused by high fuel prices appeared to put off any potential saviours.

Oasis caused a sensation in Hong Kong's aviation industry when it began operating two Boeing 747 planes in October 2006, flying between Hong Kong and London with one-way fares for as little as 128 US dollars.

Within a year, it had five 747s in operation and boasted that in its first year it flew 250,000 passengers between London and Hong Kong. It began flights to Vancouver last June. (dpa)