PhotoNews
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    EntertainmentVideos

    Sansixto ft. Dife MMP, ‘D-Clara’: The rebuttal to Shakira’s hit with Bizarrap

    January 30, 2023 2 Min Read
    PunjabVideos

    Government completely sealed Lal Haveli: Sheikh Rashid

    January 30, 2023 3 Min Read
    EntertainmentVideos

    Taylor Swift’s new music video for ‘Lavender Haze’ sends fans into a frenzy

    January 28, 2023 2 Min Read
  • Sports
  • Offbeat
  • Blog
  • Contact
Reading: PIA planning to expand fleet: Acquisition of 7 new jets on the cards
PhotoNewsPhotoNews
Aa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews > Business > PIA planning to expand fleet: Acquisition of 7 new jets on the cards
Business

PIA planning to expand fleet: Acquisition of 7 new jets on the cards

Last updated: 2015/08/28 at 9:45 AM
4 Min Read
Share
SHARE
Karachi: Pakistan International Airlines (PIA) plans to lease seven new jets by year-end, aiming to increase the size of its fleet to 42 aircraft; one of the largest ever, airline’s Chairman Nasser N A Jaffer said earlier yesterday.

Despite massive debt and accumulated losses that have wiped off its entire equity, the national flag carrier has already leased 14 jets and turbo props in recently.

Contents
Also read:30 PIA flights cancelled in 10 days 

“Not everything is right but we are trying to improve the situation by bringing in changes,” he said at a media briefing.

“With these aircraft we will serve more passengers. This is the first time in PIA’s history that so many planes have been inducted in the fleet in such a short span of time.”

Right now the airline has 35 aircraft including 11 ATRs, nine Airbus 320s, nine Boeings 777s and six A310s. Out of these, 30 aircraft are operational while five await repair work.

The jets that will join the fleet over the next few months also include three Boeing 777s.

Jaffer said PIA has approached the government, which is the majority shareholder, to restructure its balance sheet. “Fortunately, we have people on our board who have some suggestions on how to restructure the airline’s debt of Rs295 billion.”

About the continuous decline in PIA’s frequency and shrinking share in international passenger traffic, he hoped the problem will be addressed with the addition of new aircraft.

However, the chairman, who was flanked by Managing Director Shahnawaz Rehman and other senior officials, did not respond to a question about how the airline intends to counter growing penetration of Middle East-based airlines.

“The Civil Aviation Authority (CAA) has allowed these (foreign) airlines to operate more flights because it says we are not able to serve passengers. Obviously, if there is a demand for five flights from a city and we can manage only two, then someone would come in to meet the demand.”

Without discussing much the proposed privatisation of PIA, he said the government was supporting the management’s restructuring efforts as evident from the $52 million it gave to lease the aircraft.

The renewed effort to take PIA out of losses has coincided with a sharp decline in jet fuel price. “We are lucky on that count. And that is how we have been able to offer discounts to customers.”

Addressing criticism that surrounds the hiring of flight instructors on contract, Managing Director Rehman said it was a requirement as pilots needed training for the A320s.

“We don’t have line instructors for this type of aircraft and that is why we are hiring them from outside on a temporary basis.”

Director Maintenance, Repair and Overhaul Amir Ali said PIA was in talks with aircraft manufacturer Airbus and the Netherlands’s flag carrier KLM to upgrade its engineering facilities.

“We are also trying to attract Chinese investment in MRO (workshops) that are planned at Islamabad and Lahore airports.”

Also read:30 PIA flights cancelled in 10 days
 

TAGGED: CAA, Managing Director Shahnawaz Rehman, new jets, PIA
admin August 28, 2015
Share this Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Post Archives

More Popular from Photonews

Pepper Sprays Review
Blog

Pepper Sprays: A Review

13 Min Read
Karachi's Crime Rate
Blog

Guns: Why we need them more then ever before

5 Min Read
Honda Atlas Car New Price
Business

Honda Atlas announces new retail price of cars

2 Min Read
Entertainment

Amid reunification rumors grow, Irina Shayk celebrates her birthday in lingerie

Irina Shayk posted birthday images on Instagram. Cristiano Ronaldo's ex-girlfriend wore a green jumpsuit and held…

January 7, 2023
Entertainment

Dua Lipa’s New Year’s thong wows fans

Dua Lipa also shared a social media post to bring in the new year, as many…

January 2, 2023
Sports

Djokovic surges into 10th Australian Open final

A rampant Novak Djokovic surged into a 10th Australian Open final Friday to close in on…

January 28, 2023
Pakistan

NIH Pakistan reports Two Covid19 deaths in 24 hours

The National Institute of Health (NIH) has reported that Pakistan has had two Covid-19-related deaths and…

January 4, 2023
PhotoNews

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2023 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?