Pakistan

PIA leases additional A-320 to add to fleet

Two more A-320's to be added to the fleet by end of June

Web Desk June 07, 2015

PHOTO: REUTERS

KARACHI: Pakistan International Airlines (PIA) have 'dry' leased another A-320 to add to their existing fleet of seven aircraft, Express News reported on Sunday.

The additional aircraft, with a capacity to hold up to 158 passengers, arrived at Karachi's Jinnah International Airport. The number of A-320's in Pakistan's fleet now stands at eight.

Read: PIA: A case of stale bread

Further, it was revealed that two more A-320's will be added to the fleet by the end of June.

Despite recording an improvement over the previous year when the national flag carrier booked a record loss of Rs44 billion, financial results released last month did not show a promising future for the airline.

Read: PIA continues its flight in the red

Further, the national carrier recorded a net loss of Rs32 billion last year despite lower fuel costs and a cut in administrative expenditure.

COMMENTS (8)

cautious | 9 years ago | Reply It's a small airline which has terrible reputation, leases all it's operating airplanes, generates significant losses, overstaffed, debt ridden, and is dominated by union and corrupt govt officials. Who in their right mind would want to buy that?

Burki | 9 years ago | Reply A dying white elephant that refuses to die completely.

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H Chaudhry | 9 years ago | Reply @Ahmed You need to understand how real life businesses work. Sorry but no one is going to buy a cancer non working company. The inclusion of this and former planes are steps toward privatization by making PIA functional so some one may buy it and get off Govt. Life is not as simple as a lot of you think.

N | 9 years ago | Reply People has lost their confidence and trust in PIA will never be as before

ZAK | 9 years ago | Reply PIA can become Emirates if privatized and properly managed.

Allah Ditta | 9 years ago | Reply Another addition to pilling deficit. Keep adding political employees and free rides to high ups. You are doing a great job.

Faizan Maqbool | 9 years ago | Reply Better to 'wet' lease, as no longer that "Great people to fly with..."

Ahmed | 9 years ago | Reply Privatize this elephant for God's sake. Government's working culture and ethics are cancer for this society.

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