PIA to add 12 new aircraft to its fleet by 2023
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Staff Report
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August 29, 2019
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ISLAMABAD: As part of government’s vision to cap the losses of state-owned Pakistan International Airlines (PIA), Prime Minister Imran Khan has approved the purchase of additional planes for its existing fleet, a press release issued by the airline’s spokesperson said on Wednesday.
As per the statement, the decision was taken during a meeting of the aviation division on Tuesday. The meeting was attended by Aviation Minister Ghulam Sarwar Khan, Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh, Aviation Secretary Shahrukh Nusrat and PIA Chief Executive Officer (CEO) Air Marshal Arshad Malik.
During the meeting, the premier was given a detailed briefing by the CEO on the future aircraft requirements of the national flag carrier as well as its business plan.
According to Malik, overall 12 new planes will be added to the airline’s fleet by 2023.
“In the initial stage, four planes will be added to the fleet by 2020,” he informed the prime minister, adding that the planes will be medium-sized and “will be used for domestic and regional routes of travel”.
Malik further disclosed that the size of PIA’s fleet will go up to 45 by 2023.
Following the briefing, Prime Minister Imran Khan gave orders for the improvement of the airline’s operations and an increase in travel facilities. He also directed the finance ministry to cooperate with PIA for the purchase of the new aircraft.
It merits a mention that at the end of the January-March 2019 quarter, PIA announced that it had come out of losses at the operational level as its revenues slightly exceeded the operating cost in the quarter that ended March 31.
“PIA has achieved breakeven at the operational level,” adviser to PIA CEO had told a private media house at the time.
PIA revival ‘will take some time’: CEO
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News Desk
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August 26, 2019
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Pakistan International Airline (PIA) Chief Executive Officer Air Marshal Arshad Malik has said the national flag carrier is moving on the right track, however, it will certainly take some time to become profitable.
Speaking at the second annual session of PIA’s shareholders, he said by the end of 2017, the collective earnings of the airline were nearly Rs91 billion while losses stood at Rs46.5 billion.
As per media reports, the session also approved appointments of external auditors for the financial assessment of 2017 and 2018.
The CEO said the delay in financial assessment was caused owing to the negligence of the previous administrations.
It is worth noting that the PIA and Civil Aviation Authority are heading towards its development phase in accordance with the vision of Prime Minister Imran Khan.
The government is implementing a business plan for taking out the national flag-carrier from the major financial losses to transform it into a profitable institution.
PM Imran Khan Approves 12 More Planes To Enter PIA Fleet
By Noshin Bashir On Aug 28, 2019
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- According to the Air Marshal Malik, 12 new planes will become a part of PIA’s existing fleet by the year 2023.
- Prime Minister Imran Khan said that the government was making efforts to transform Pakistan International Airlines (PIA) into an efficient and profit-making entity.
PIA – the national flag-carrier of Pakistan has met the fate of Pakistan’s current state of the economy in a way it costs much to the national income as it eats up the billions of taxpayer money in terms of deficit.
Looking at the annual losses that the state-owned enterprise has caused especially in the recent past it looks entranced that the entity would recover any soon. More often the incidents of imperfections in the service delivery and mechanical faults that happen nowadays more frequently during its flight operations adds more inconvenience on the part of passengers.
Prime Minister Imran Khan has said this Tuesday that the government was making efforts to transform Pakistan International Airlines (PIA) into an efficient and profit-making entity as it was the national flag carrier and a symbol of country’s identification abroad, APP reported.
Aug 20, 2019
The premier was heading a meeting to review the efforts for bringing the PIA on modern lines, said PM Office Media Wing in a press statement. PM, during the meeting, also observed that once a profit-generating airline and a leading institution in the regional aviation sector was pushed into trouble mainly because of mismanagement and negligence in the past.
Aviation Minister Ghulam SarwarKhan, Advisor on Finance Abdul Hafeez Sheikh, Secretary Aviation Division Shah Rukh Nusrat, Secretary Finance Naveed Kamran, PIA CEO Air Marshal Arshad Malik and representatives of the airplane manufacturing organizations and other senior officials were in attendance at the meeting.
Also See: PIA Going Into Profit, Opening New Routes
The prime minister was informed by PIA CEO that due to the untiring efforts of the current management of PIA, the airline’s losses were decreasing continuously. The increasing number of expatriates and gradual improvements in the economy are the factors conducive to the promotion of the aviation industry, he was told further.
According to the Dawn report, PM Imran Khan has approved the purchase of additional planes for PIA’s existing fleet. The decision was taken during the meeting of the aviation division. According to the Air Marshal Malik, 12 new planes will become a part of PIA’s existing fleet by the year 2023. Initially, four planes will be added to the fleet by 2020. The size of the PIA fleet would go up to 45 by the addition of more aircraft that are expected to become the part of the national flag-carrier by 2023.
How do you see the improvements in the working of PIA provided the issues of ghost employees and other incompetencies remain largely unaddressed? Share your thoughts in the comment section
PIA hikes UAE fares
By
News Desk
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August 22, 2019
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Pakistan International Airline (PIA) has increased fares up to Rs6,000 for two sectors of Middle East – Dubai and Abu Dhabi, a private media house
reported on Thursday.
After the revision of fares, a round trip from Lahore to Dubai will cost Rs61,000, while the same for Lahore-Abu Dhabi flight will be Rs61,200.
Sources said that PIA hiked the fares owing to a large influx of people travelling to these two sectors, of which most of the passengers are labourers and Iqama holders.
PIA administration has informed agents about the decision.
In July, the national flag-carrier had announced to give discounts up to 10pc to the passengers travelling from London to Sialkot from September 24 to November 30.
