BR100 Decreased By (-0.73%)
BR30 Decreased By (-0.77%)
KSE100 Decreased By (-0.49%)
KSE30 Decreased By (-0.47%)
BECO 5.77 Increased By ▲ 0.46 (8.66%)
BML 53.00 Increased By ▲ 1.42 (2.75%)
BOP 33.99 Increased By ▲ 0.03 (0.09%)
CNERGY 8.11 Decreased By ▼ -0.20 (-2.41%)
DCL 12.20 Increased By ▲ 0.40 (3.39%)
FCCL 52.83 Decreased By ▼ -0.17 (-0.32%)
FCSC 5.07 Increased By ▲ 0.12 (2.42%)
FFL 17.95 Decreased By ▼ -0.20 (-1.1%)
FNEL 1.29 Decreased By ▼ -0.03 (-2.27%)
HUMNL 10.88 Decreased By ▼ -0.12 (-1.09%)
KEL 8.02 Decreased By ▼ -0.12 (-1.47%)
KOSM 5.52 Decreased By ▼ -0.06 (-1.08%)
MLCF 86.51 Decreased By ▼ -1.37 (-1.56%)
NBP 185.16 Decreased By ▼ -2.53 (-1.35%)
PACE 10.58 Decreased By ▼ -0.23 (-2.13%)
PAEL 39.42 Decreased By ▼ -0.65 (-1.62%)
PIAHCLA 26.22 Decreased By ▼ -0.27 (-1.02%)
PIBTL 16.67 Decreased By ▼ -0.09 (-0.54%)
PPL 228.18 Decreased By ▼ -2.19 (-0.95%)
PRL 34.68 Decreased By ▼ -0.36 (-1.03%)
PTC 65.33 Increased By ▲ 0.82 (1.27%)
SEARL 90.13 Increased By ▲ 0.25 (0.28%)
SSGC 26.60 Decreased By ▼ -0.37 (-1.37%)
TELE 8.28 Decreased By ▼ -0.09 (-1.08%)
THCCL 58.50 Decreased By ▼ -0.58 (-0.98%)
TPLP 8.22 Increased By ▲ 0.04 (0.49%)
TREET 24.53 Decreased By ▼ -0.47 (-1.88%)
TRG 69.71 Decreased By ▼ -0.92 (-1.3%)
WAVES 9.94 Decreased By ▼ -0.07 (-0.7%)
WTL 1.28 Decreased By ▼ -0.01 (-0.78%)

KARACHI: The controversial sale of five Boeing 777 engines at below-market prices and the grounding of two aircraft in Indonesia over the last 26 months intensified the crisis further for Pakistan International Airlines (PIA).

The Society of Aircraft Engineers of Pakistan (SAEP) has revealed a series of mismanagement issues in PIA that have severely impacted the national carrier’s operations.

Speaking to media at Karachi Press Club, SAEP President Abdullah Khan Jadoon and Secretary Engr. Owais Jadoon disclosed that two PIA aircraft have been stranded in Indonesia for 26 months, resulting in losses worth millions of dollars. These aircraft, BLZ-AP, and BLY-AP, were later deceptively presented as new acquisitions to mislead government officials and the public, they claimed.

PIA ‘national asset’, provinces welcome to buy airline on PC’s minimum expected price, says Aleem Khan

The engineering body highlighted that five engines from modern Boeing 777 aircraft were sold at below-market prices, forcing the permanent grounding of these aircraft.

“This decision has not only affected PIA’s economy but has also impacted Pakistan’s international relations,” Engr. Owais Jadoon said.

The crisis has deepened further as PIA failed to import spare parts for the past two and a half years, compelling engineers to cannibalize other aircraft for components. SAEP warned this could lead to more aircraft being grounded in the coming days.

The engineers’ body criticized the appointment of high-ranking officials without commercial aviation experience over the past seven to eight years. These appointments have resulted in “poor strategic decisions and continuous losses,” according to the SAEP president.

He further informed that cases against PIA’s management were pending with the Federal Investigation Agency (FIA) regarding financial mismanagement, demanding to place the names of responsible officials on the Exit Control List (ECL).

Meanwhile, SAEP strongly opposed the proposed privatization of PIA, emphasizing its implications for national security and strategic interests. The body expressed concerns about employee benefits, including gratuity and provident fund security under privatization.

Despite 120% inflation since 2017, PIA employees have received no salary increments, while other government employees have seen substantial raises. “Lower-level workers struggle while top management enjoys perks and raises,” Jadoon said.

The key demands of SAEP include a thorough investigation into the sale of aircraft engines and the grounding of planes, the appointment of experienced aviation professionals to management positions, the protection of employee benefits, the swift resolution of pending FIA cases, fair compensation for employees that are aligned with inflation, and a reconsideration of the privatization plans for PIA.

Copyright Business Recorder, 2024

Comments

Comments are closed for this article.

KU Nov 06, 2024 08:19am
This is a 50 year itch, n it's called dishonesty n corruption.
0
Adnan Ahmad Khan Nov 06, 2024 11:28am
These aircraft BLZ-AP is showing as flying as recently as yesterday
0