Tribune Take: Privatise the PIA, save billions

The $600,000 PIA failed to pay Iran for airspace rights is symptomatic of larger issues. Watch now.


Mahawish Rezvi November 10, 2011

In today’s episode of the Tribune Take we take a look at the latest trouble to hit Pakistan International Airlines (PIA), which confirmed on Tuesday that Iran has shut its airspace to Pakistani air crafts due to a six-month backlog in transit payments.

Farooq Tirimizi, the head of Business reporting at The Express Tribune, explains that the $600,000 PIA failed to pay Iran is symptomatic of larger problems faced by the national carrier.

He emphasises the need for privatisation of PIA because yearly bailouts of such state-run institutions cost the country billions.

Watch today’s episode here, or click the video thumbnail in the right hand column.

The Tribune Take daily news web show will appear on the tribune.com.pk home page.

The Take will feature in-depth interviews and analysis with editors and reporters who are covering the major stories, exploring front page events and major ledes. The news analysis covers the way The Express Tribune examines a story, how we cover it and why.

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COMMENTS (14)

Shahzad | 9 years ago | Reply

My father was an employee of this airline and I have been following its decline for the past 40 years. I disagree that it is the airline of choice for overseas Pakistanis either in Australia, UK or America. The aircraft are poorly maintained and the crew lack the basic manners. Reality dictates that the airline be handed over to some other entity like Emirates which manages Sri Lankan airways as well. But I think that would be too much to swallow for the patriots who think that the airline is the national flag carrier when it in fact it is now only a debt carrier. It is only a matter of time before the whole fleet is grounded and the 20000 employees start looking towards the corrupt rulers to feed them. The motto used to be "Great people to fly with" which is what the airline now has, great people.

Ali | 9 years ago | Reply

what a waste of money... the country canot afford these money sucking corporations!

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