COLOMBO: PIA’s Chief Executive Officer Bernd Hildenbrand (left) shakes hands with Chairman of Sri Lankan Airlines Ajith Dias after signing a contract for the wet lease of three A-330 aircraft on Friday.—INP
COLOMBO: PIA’s Chief Executive Officer Bernd Hildenbrand (left) shakes hands with Chairman of Sri Lankan Airlines Ajith Dias after signing a contract for the wet lease of three A-330 aircraft on Friday.—INP

RAWALPINDI: The Pakistan International Airlines has included three Airbus A-330 planes in its fleet after signing a wet lease agreement with Sri Lankan Airlines.

A spokesman for PIA said that the national flag carrier formalised the wet leasing of three A-330 aircraft from Sri Lankan Airlines at a ceremony held in Colombo on Friday.

PIA CEO Bernd Hildenbrand signed the contract with Sri Lankan Airlines chairman Ajith Dias and CEO Capt Suren Ratwatte.

He said the contract had been materialised after a series of talks between the two sides.

First of the aircraft will be delivered to PIA the next week, while the rest in the following months.

The aircraft are in very good condition and will be used for PIA Premier, giving passengers a better experience and allowing the airlines to start regaining its market share, the spokesman said.

PIA Premier is scheduled to be launched on Aug 14, initially only for London. There will be six weekly Premier flights to London — three from Islamabad and three from Lahore.

Later, with addition of more aircraft, the service will be expanded to other destinations, he said PIA Chairman Azam Saigol appreciated efforts of the PIA team, led by Mr Hildenbrand, in finalising the contract.

Published in Dawn, July 30th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...