Sialkot looks to fly on its own feet

By APP
Published: September 12, 2015
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PHOTO: AFP

PHOTO: AFP

SIALKOT: The Sialkot Chamber of Commerce and Industry (SCCI) has said that the business community in the city is working towards launching its own airline.

“The local business community has pooled in resources to launch its own airline in the near future and necessary formalities are being followed to materialise the project,” said SCCI President Fazal Jilani.

Jilani said that the local business community has joined hands to execute the airline project. “The initial proposed paid up capital of the company is Rs2 billion, which would be raised by issuance of shares to the prospective investors,” he disclosed.

SCCI president said that the initial work required to constitute a public limited company by the name of “Air Sail” has already been completed and after finalising list of promoters, relevant documents would be submitted to the Security and Exchange Commission of Pakistan.

“After completion of the Sialkot airport, a lack of effective air transportation was felt, which would be cost effective for the exporting city,” he said.

To a question, Jilani said efforts were being made for obtaining a licence from the Civil Aviation Authority (CAA) for regular public transport (RPT), adding that the company, after obtaining the RPT licence, would apply for Air Operators Certificate (AOC). 

Published in The Express Tribune, September 12th,  2015.

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Reader Comments (4)

  • Bewildered
    Sep 12, 2015 - 9:44AM

    Hats off to the business community of Sialkot. First they built the airport from their own resources, and now this airline. Where do you get people like these. Think if the government had provided them help and incentives, where would have they taken Pakistan.Recommend

  • Nauman
    Sep 12, 2015 - 11:24AM

    Business community of Faisalabad should learn from them.Recommend

  • Parvez
    Sep 12, 2015 - 2:36PM

    Anything that does NOT have government involvement will prove successful. Governments should never be in the business of running businesses they are to provide the grounds to allow businesses to come into existence and then flourish. Recommend

  • Interconnect Partners
    Sep 13, 2015 - 11:27AM

    Sialkot trade bodies, Entrepreneurs, initiatiives of a commercial airline appreciated by intl. Multi-lateral Agencies. Opportunities for conducive investment incentives likely in adherence to ICAO, with member CAA GOP. Today Singapore’s Changi airport is managed by an intl. group, which has placed Changi as one of The Best airports of the world. Instead of motgaging our Jinnah Intl., to GCC airlines it should be talked to Singapore Airlines. Recommend

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