PIA to receive 8 a320 aircraft in July

[SHAMK9]

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Thursday approved a summary to release $29.9 million to secure eight planes for Pakistan International Airlines (PIA) on dry lease.

Meeting at the Prime Minister House on Thursday, finance minister Ishaq Dar headed the meeting.

The committee considered and approved a summary of the aviation division for release of $29.9 million to Pakistan International Airlines (PIA) for acquisition of aircrafts on dry lease.

PIA intends to lease eight A320S offered by the Qatar Aviation Lease Company through international tender. These aircrafts will be available from April 2014.

 

[AZADPAKISTAN2009]

Great initiative , they do need more planes and less employees in that organization

 

[Edevelop]

ECC okays dry lease of 8 A320S from Qatar

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved acquisition of eight A320S type passenger aircrafts on dry-lease from Qatar to enable the national carrier to improve it’s flight operations.

The company will provide A-320 aircraft from April and the national flag carrier will pay $1.6 million monthly installment to it," PIA spokesman Mashhood Tajwar told Dawn on Tuesday.

The planes are two to three years old and will be operated on domestic and international routes. After their induction, the PIA will be able to restore some of its routes as well," Tajwar said.

The ECC of the Cabinet met here under the Chairmanship of the Federal Minister for Finance, Senator Mohammad Ishaq Dar at the Prime Minister’s Office. The ECC considered and approved the summary of the Aviation Division for release of an amount of PKR equivalent to $29.9 million to PIAC for acquisition of aircrafts on dry lease. PIA intends to lease eight A320S offered by Qatar Aviation Lease Company through international tender. These aircraft will be available from April 2014. The Finance Minister directed the management of PIA that they cannot go outside the tender and ensure that all the requirements are met and relevant rules must be followed.

ECC okays dry lease of 8 A320S from Qatar

 

[Nishan_101]

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Thursday approved a summary to release $29.9 million to secure eight planes for Pakistan International Airlines (PIA) on dry lease.

Meeting at the Prime Minister House on Thursday, finance minister Ishaq Dar headed the meeting.

The committee considered and approved a summary of the aviation division for release of $29.9 million to Pakistan International Airlines (PIA) for acquisition of aircrafts on dry lease.

PIA intends to lease eight A320S offered by the Qatar Aviation Lease Company through international tender. These aircrafts will be available from April 2014.

When GoP going to sell 50% stake of PIA???

 

[SHAMK9]

When GoP going to sell 50% stake of PIA???

You mean 27%? End of the year

 

[Chak Bamu]

Great initiative. But we need a few more long-haul airliners for operating lucrative European and North American routes.

It makes sense to invest in PIA to get more money via its privatization by the year-end.

As the economic growth picks up, we shall see greater demand for foreign travel. Expected growth would likely soak-up the excess and surplus staff. In this scenario PIA can do very well in hands of private management.

 

[genmirajborgza786]

PIA needs @ least 50 to 75% privatization the gov't have time out & time again have failed to revive it, time to give it to private investors business men, who knows something about market economy rather then politicians who have been a total disaster in this ragards , I would also suggest expansion for Shaheen air, it has got a lot of potential

 

[MarkusS]

I think A350 would make a great investment for Pakistan Airlines.