Adviser spells out PIA revival plan

Attention: open in a new window. PDFPrintE-mail



LAHORE : Adviser to Prime Minister on Aviation, Shujaat Azeem, has said that the biggest challenge is to make PIA a profitable airline.

 

On the instructions of the Prime Minister Nawaz Sharif an all-out effort is being made for the revival of the airline within the next six months. The Economic Coordination Committee in the first phase has approved a bailout package of Rs 7 billion for the national flag carrier.

 

Shujaat Azeem thanked the Prime Minister and Finance Minister Ishaq Dar for their support in the grant of Rs 7 billion bailout package for PIA by the Economic Coordination Committee. The newly constituted PIA Board of Directors have decided not to take any perks and privileges from the airline such as pay, free travel for self and family members. The PIA Chairman Aslam Khalique has also announced that he will not draw any salary as Chairman.

 

According to a Press statement issued on Monday, the Adviser to the Prime Minister on Aviation, Shujaat Azeem and PIA’s newly constituted Board of Directors has made critical analysis of passenger traffic over the last five years and the projected figures from IATA and local aviation advisers, decided to induct 10 narrow body new generation aircraft on priority basis.

 

This will facilitate the domestic flights that have been put into jeopardy for long time due to non-availability of narrow body aircraft and bring down the fuel cost by 28 - 30 percent. It will also improve the flight schedule of the airline. PIA plans to increase frequency of its profitable routes while the loss making routes will be reviewed and closed.

 

Shujaat Azeem said that the change process has started in PIA and corruption, mismanagement, politics and nepotism will be rooted out. Together with the highly skilled Board of Directors, experienced and dedicated workforce of the national carrier, PIA will once again achieve new heights and the results of positive change will be visible in the near future.




Courtesy:  The News


Forex open Market rates & comments Archive

Login Form