Govt to cap PIA’s losses

Published May 25, 2019
PIA is currently operating flights on 18 international routes including the UK, Italy, France, Spain, Norway, Denmark, Saudi Arabia, Oman, United Arab Emirates and Canada.
PIA is currently operating flights on 18 international routes including the UK, Italy, France, Spain, Norway, Denmark, Saudi Arabia, Oman, United Arab Emirates and Canada.

ISLAMABAD: Minister for Civil Aviation Division Ghulam Sarwar Khan on Friday said the government was working out a plan to reduce deficit of Rs416 billion of Pakistan International Airlines (PIA) taking it out of the prevailing financial crisis.

He said a new business plan of PIA and Aviation approved by the cabinet would help the national flag carrier to improve its financial health.

Sarwar said that at present, Pakistan had Air Service Agreements (ASAs) with around 98 countries, covering aspects relating to the number of frequency, seats, landing points and code-share.

To a question, he said closure of airspace for Pakistan’s airline by India was more harmful for New Delhi.

We have only two flights using Indian airspace while most of the flights from India use Pakistan’s airspace, he added.

To another question, he said currently, PIA was operating its flights on 18 international routes including the UK, Italy, France, Spain, Norway, Denmark, Saudi Arabia, Oman, United Arab Emirates, Iraq, Qatar, China, Malaysia, India, Afghanistan, Bangladesh, Thailand and Canada.

He said first flight of British Airways would land at Pakistan International Airport on Monday (June 3) morning while the same day the flight would depart for London.

The minister said British Airways would operate three flights in a week from June after interval of a decade.

The minister said the PIA aircrafts would bring back about 300 Pakistanis languishing in Malaysian jails on May 29.

The Pakistanis in Malaysia would be airlifted through PIA’s Boeing 777 and Overseas Pakistanis Foundation had signed an agreement with the PIA in this regard, he added.

Published in Dawn, May 25th, 2019

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

Opinion

Editorial

Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...