The federal government's ambitious move to revive Pakistan International Airlines (PIA) has suffered a major blow as management of the national flag carrier is returning premier service aircraft back to Sri Lanka. Airbus-330 was acquired on lease for premier service of PIA. PIA has paid over $19 million to Sri Lankan authorities in terms of wet lease for this aircraft during span of six months.
Stats revealed every flying-hour of Airbus-330 inflicted PIA cost over eight thousand dollars. According to details available, seat and load plan for London-bound flights did not work according to the plan. PIA's Spokesperson Danyal Gilani articulated that aircraft was acquired on market rate.
In August-2016, PIA had acquired three A-330s from Sri Lanka on wet lease in a bid to revive glorious past of the national flag carrier. The aircraft were to be used for the Islamabad-London Premier Service. PIA, a loss-generating entity, often comes under sheer criticism for its irrational expenditures and perpetual flight delays.
Published under arrangements with NNI.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright News Network International, 2017