On Wednesday, due to outstanding payments, Pakistan State Oil (PSO) ceased fuel provision to Pakistan International Airlines (PIA) at Lahore airport.
This suspension led to travel disruptions, affecting flights from Lahore to Madina and Karachi.
The PIA spokesperson acknowledged the situation, stating that discussions with PSO are ongoing to rectify the matter and restore the fuel supply.
Previously, numerous PIA Boeing 777 planes experienced technical difficulties during international journeys, attributed to inadequate maintenance. The frequency of these technical issues with PIA aircraft in recent times has raised safety apprehensions.
Moreover, PIA’s flight services to Canada were jeopardized earlier today because of monetary complications. Swissport Company threatened to cease ground-handling operations for PIA, highlighting the airline’s substantial financial strain.
Swissport’s announcement demanded an immediate payment of $248,000 plus a $100,000 advance for future service commitments.
Contrarily, PIA’s spokesperson, Abdullah Hafeez, refuted claims of halted flight operations, attributing payment delays to time zone differences. He confirmed that dues totalling $200,000 had been cleared to the fuel and handling agencies, ensuring regular PIA flights to Canada.
Moreover, PIA is undergoing a revamp in preparation for privatization. Interested legal and corporate entities have been approached to craft this restructuring blueprint. The strategy will transfer PIA’s assets to a new establishment, including its properties, debts, fleet, and staff. This revamped PIA will be pitched to potential investors as a debt-free entity.
The government’s move to privatize PIA stems from its long-standing financial and managerial challenges, viewing privatization as a potential remedy.