1/18/2024 0 Comments Flights to valletta![]() ![]() The airline is just one of several state-owned enterprises (SOEs) the current Shehbaz Sharif government wants to see moved to private hands akin to how Air India (AI, Mumbai International) was sold to Tata Sons. ![]() The privatization of PIA - Pakistan International Airlines (PK, Islamabad International) is back on the agenda according to the Pakistani Ary News outlet, which cited undisclosed sources. Islamabad preps renewed PIA privatisation plan - 03:24 UTC Get your own ch-aviation PRO account today. Aircraft Stored, Scrapped or Written Off at Airport.Airport Lists by State, Country or Continent.Extended Search Options for over 6,000 Airports.Create your own favourite lists to group News articles.Passenger Numbers and Financial Results.Average Fleet and Subfleet age and total number of seats.Legal Name, Address, Phone, LinkedIn page and E-Mail.Search Airlines by Aircraft Type and/or Fleet Size. ![]() Search Airlines by Homebase, Country or Routes/Countries served.Search Airlines by Alliance, Airline Type, Status.Historical Information (Launch/End/Merger details).Extended Search Options for over 7,490 Airlines.Full access to all news articles including exclusive stories reported first by ch-aviation."News to go" - Ability to view multiple full news articles on one page.With a ch-aviation PRO subscription you benefit from a wide range of data and information such as: To access our news database including full archive search and exclusive stories reported first by ch-aviation you need to upgrade to ch-aviation PRO. The government partly attributes the most recent loss to the depreciation of the rupee against the dollar, as well as rising oil prices and interest rates. The airline lost PKR38 billion Pakistani rupees (USD132.8 million) in the first quarter of 2023, a 171% increase on the loss experienced in the comparable 2022 quarter. According to ch-aviation PRO airlines data, PIA presently has 33 aircraft in its fleet, although only 22 are flying. Meanwhile, the government has told PIA to increase its fleet to 49 aircraft, hoping the added capacity will give the carrier the financial uplift it needs. Both Sharif and Dar blamed the previous government for PIA's current challenges. The latest reform attempt is led by Prime Minister Shehbaz Sharif, who reportedly attended last week's meeting and constituted a committee headed by Ishaq Dar to develop reform proposals and present them to the federal cabinet. The Pakistani government also issued yet another reform edict for its flag carrier, saying any loss of access to Saudi Arabia would be inconvenient for passengers and cause PIA further reputational damage. The airline has hundreds of Hajj flights scheduled between now and the start of August, when the pilgrimage season ends.ĭuring an economic coordination meeting last week, Pakistan's Finance Minister Ishaq Dar reportedly disclosed the fresh Saudi warning. PIA is reported to have approximately 50,000 passengers booked on upcoming pilgrimage flights to either Madinah and Jeddah. Saudi Arabia has again threatened to halt flights operated by PIA - Pakistan International Airlines (PK, Islamabad International) unless the airline pays USD48 million in accumulated fees, jeopardising the carriage of tens of thousands of Pakistanis heading to Saudi Arabia for Hajj.įour years ago, Saudi authorities halted PIA during the busy pilgrimage period after the majority state-owned airline failed to meet its payment obligations. ![]()
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