Pakistan Civil Aviation | Information & News.

[Omar1984]

PIA gets $100m financing

KARACHI - Pakistan International Airlines has closed a $100m Sharia-compliant financing facility, says a press release.

The facility was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, Citibank NA and United Bank Limited as mandated lead arrangers and joint book runners. Warba Bank in Kuwait has joined as lead arranger. Citibank N.A. is also performing the role of the account bank and security trustee.

This innovative Islamic transaction is secured by PIA`s ticket sales generated in the UAE and aggregated through IATA`s Billing and Settlement Plan, and through sales by general sales agents. The three-year facility will be used for PIA`s general corporate purposes and reflects investor confidence in the airline and its strategic importance to Pakistan. The facility represents the first foreign currency commercially syndicated financing for a Pakistani corporate since 2007.

The transaction is also important for the aviation sector as it uniquely broadens airline corporate credit to regional Islamic financiers.


PIA gets $100m financing | The Nation gives news details

 

[SHAMK9]

Despite hardships, PIA announces 17% growth

PIA announces strategy for 2012.

Despite strains on ground with increasing number of delays and aircrafts being grounded, the Pakistan International Airlines (PIA) has claimed to have registered a 17 per cent growth in sales in the past year. It also announced reduced revisions in some booking charges, along with incentives for agents.

This was revealed by PIA’s Advisor and Consultant Haider Jalal at a marketing conference held to appreciate the performance of top 20 agents of which 10 were International Air Transport Agents (IATA) and10 Passenger Sales Agents.

PIA also discussed its strategy for 2012 and assured its full support and commitment to the Travel Agents, so that together they could achieve benefits for all stakeholders.

PIA also announced a revised and reduced refund charges on International routes from Rs13000 to Rs8000. PIA has simultaneously revised and decreased Change of Booking (COB) charges on its International flights from Rs8000 to Rs4000.

No-Show charges for passengers travelling to International destinations have been reduced from Rs13000 to Rs6000. Similarly all sale agents for USA, Canada, UK, and Europe have been given incentives for further improvement in sales and growth in revenue.

Travel Agents applauded PIA’s efforts and cooperation and the decrease in Refund, No Show and COB charges.

The meeting was chaired by Advisor and Consultant Haider Jalal and attended by General Manager Passenger Sales Maj. Khurram Mushtaq, GM Revenue Management Tahir Niaz, DGM Pakistan Naveed, DM Lahore, Manager Passenger Sales Corporate Asadullah Ghauri, Passenger Sales Manager M. Shafiq, Assistant Passenger Sales Manager Dr Muqadam and other marketing officials.
Despite hardships, PIA announces 17% growth – The Express Tribune

 

[Alpery]

PIA announces 17% growth...GOOD NEWS..

 

[VCheng]

PIA announces 17% growth................:

.... ".... in sales." That is not the same as more profits, or revenues, or other important measure. The figure quoted are in rupees, which, by itself, has depreciated, so converting dollar sales would give a larger rupee figure.

I don't think this report means much in reality, but let's wait for detailed reports.

 

[SHAMK9]

3 new airlines taking to the skies this year, bhoja air might start flying 5th feb, airindus and pearlair. Also, shaheenair and airblue are going through massive fleet replacement and adding on new destinations, finallyy!!!

 

[Alpha Omega]

Pakistan International Airlines 2012 - YouTube

 

[Alpha Omega]

The trouble with: Flying PIA

Published: January 26, 2012

Facts, figures and opinion below are based on past articles run in The Express Tribune:

• Pakistan International Airlines is suffering a loss of Rs70.7 million per day.

• PIA has already lost Rs110 billion over the past three years.

• Despite the crippling losses, PIA employees (retired and serving) enjoy free travel in Pakistan and abroad.

• Cancellation of around 1,200 PIA flights between Aug-Nov 2011 inflicted Rs410 million loss to the airline.

• PIA’s downhill trend is aided by its powerful unions which force key deals to fall through, shut down airports.

• Over the past three years 2,171 people have been recruited in PIA, which has suffered losses worth Rs100 billion in the same time period.

• PIA recruited 237 people in 2011, 1,179 in 2010, while 684 appointments were made in 2009 and 56 in 2008.

• Thousands of PIA employees sacked by Nawaz Sharif’s government were reinstated by the PPP in 2008.

• The number of people hired by the PPP government is the highest in the history of the national flag carrier.

• The total number of airlines authorised to operate on commercial basis is six, including PIA, Air Blue, Shaheen Air, Indus Air, Bhoja Air and Pearl Air.

• This local competition enhances losses of the national flag carrier.

• In 2011, Iran shut its airspace to Pakistani aircraft due to a six-month $600,000 backlog in transit payments.

• PIA’s aging fleets of aircraft have faced increasing technical issues, forcing many planes to be grounded in 2011.

• On September 28 2011, 10 PIA aircraft, out of a fleet of 39, were grounded allegedly due to technical faults.

• On September 27 2011, flight PK-369 made an emergency landing at Multan Airport due to a malfunctioning generator.

• 24 hours later, UAE-bound flight PK-255 had to land in Karachi due to the same issue.

• On August 6, 2011, PK-745 had to make an emergency landing in Karachi after its landing gear failed to retract.

• On September 2 2011, PK-501 carrying 21 passengers and PK-508 with 32 passengers had to make ‘technical landings’ after engine failures.

• On December 12 2011, 11-19 of PIA’s 39 aircraft were believed to have been grounded for technical reasons.

• A potential reason for technical deficiencies in aircraft is the plummeting standards of engineering in the airline.

• Seven out of 26 local airports were closed down due to suspension of PIA flights on account of insufficient traffic load.

• Despite all this, PIA fights on the domestic sector fly with full loads due to lack of viable alternatives.

• The national carrier continues to cost Pakistan billions of rupees.
Read more: pia

Source: The trouble with: Flying PIA – The Express Tribune

 

[ziaulislam]

Despite hardships, PIA announces 17% growth

PIA announces strategy for 2012.

Despite strains on ground with increasing number of delays and aircrafts being grounded, the Pakistan International Airlines (PIA) has claimed to have registered a 17 per cent growth in sales in the past year. It also announced reduced revisions in some booking charges, along with incentives for agents.

This was revealed by PIA’s Advisor and Consultant Haider Jalal at a marketing conference held to appreciate the performance of top 20 agents of which 10 were International Air Transport Agents (IATA) and10 Passenger Sales Agents.

PIA also discussed its strategy for 2012 and assured its full support and commitment to the Travel Agents, so that together they could achieve benefits for all stakeholders.

PIA also announced a revised and reduced refund charges on International routes from Rs13000 to Rs8000. PIA has simultaneously revised and decreased Change of Booking (COB) charges on its International flights from Rs8000 to Rs4000.

No-Show charges for passengers travelling to International destinations have been reduced from Rs13000 to Rs6000. Similarly all sale agents for USA, Canada, UK, and Europe have been given incentives for further improvement in sales and growth in revenue.

Travel Agents applauded PIA’s efforts and cooperation and the decrease in Refund, No Show and COB charges.

The meeting was chaired by Advisor and Consultant Haider Jalal and attended by General Manager Passenger Sales Maj. Khurram Mushtaq, GM Revenue Management Tahir Niaz, DGM Pakistan Naveed, DM Lahore, Manager Passenger Sales Corporate Asadullah Ghauri, Passenger Sales Manager M. Shafiq, Assistant Passenger Sales Manager Dr Muqadam and other marketing officials.
Despite hardships, PIA announces 17% growth – The Express Tribune

i would have liked a 50% decrease BUT WITH PROFITS...rather than 100 billion losses ...!!!!!!!!!!!!!!!!!!!

 

[Imran Khan]

lo ab aik or karnama brig sahab ka .

 

[AZADPAKISTAN2009]

The should convert the older planes into Military Supply planes or Tankers - as they can get upgraded engines and parts (while on hold)

Meanwhile newer planes are needed for passenger needs for revenue

Putting an awac platform on one of these would not be a bad idea (of course once the planes have gone thru a major over haul) with new parts

 

[Jango]

These are the pics I took of AP-BFU, while at lahore airport, a boeing 747-300.

It was going to Jeddah, and while it was already 15 minutes past it's departure time, 40 passengers still had not boarded the aircraft even though they had their boarding passes! And then people say that PIA is late!

The aircraft was involved at a smoke incident at Jeddah airport on the return trip. While on the taxi run, smoke engulfed the cabin.

 

[z9-ec]

Inching towards 'Vision 2020': PIA to get ownership of six A310 aircraft


LAHORE: Pakistan International Airline (PIA) and Airbus has signed an agreement for the transfer of ownership of six A310 aircraft, which were acquired by the airline on lease in 2004.

The transfer of ownership to the national flag carrier is another step towards implementing the business plan of the “Vision 2020” and will help PIA save about $2 million monthly in rentals.

The agreement was signed between Managing Director (MD) PIA, Nadeem Khan Yousufzai and Director Asset Management Airbus, Patrice De Puymorin.

MD PIA stressed that the airline and the aircraft providers have a long relationship, which began with the induction of A300-B4 in early 80’s and was strengthened further by the purchase of A310 Aircraft in 1991.

PIA to improve fleet with 5 Boeing 777s

It was reported earlier in The Express Tribune that PIA will purchase five Boeing 777 aircraft from the Boeing Company of the United States.

The aircraft will be delivered by November 2015; with the first delivery scheduled in March of the same year.

MD PIA and Boeing Director International Sales J Miguel Santos signed the agreement in the presence of Minister for Defence Chaudhary Ahmad Mukhtar and Acting Ambassador of the US to Pakistan Richard Hoagland.

http://tribune.com.pk/story/337436/...20-pia-to-get-ownership-of-six-a310-aircraft/



I think this will address one key issue to make PIA profitable again and competitive with other carriers. Though, this was supposed to happen earlier but better late than never.

 

[Saleem]

so did anyone notice the new "toilet class" seats........PIA = persistently incompetent a********

 

[z9-ec]

so did anyone notice the new "toilet class" seats........PIA = persistently incompetent a********

Yeah that was hilarious.

 

[mirage 5000]

now they are going right . only damn is 737 fleet which need proper maintenance and good . damn even older then PIA 737-200 are better condition in shaeen air bhoja air then why pia 737-300 getting worse . i think all of fleet should go for proper maintenance and overhaul . after they get 777 they get rid of 747-300s . still we need at-least 20 more regional air crafts like 320 or 319 . please guys dont bash on them they are from us and PIA will be back again .

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