Pakistan International Airlines (PIA) would start replacing some of its fleet and revamp the present planes as well as evaluate the existing routes and would open new destinations by expanding its network.
It was stated by Lt Gen (R) Asif Yasin Malik, Chairman, Pakistan International Airlines (PIA) while addressing the business community at Islamabad Chamber of Commerce and Industry (ICCI). Senator Mohsin Gilani, General(R) Ali Abbas, Faisal Mushtaq and Agha Ali Akhtar Pathan were also present on the occasion.
He said that 54% of PIA’s revenue was spent on fuel consumption while 12%-14% was the establishment cost, however, PIA is operating profit since October 2012 as well as its share in stock exchange market has increased by 26% due to efficient monitoring system. He said that 12 plane are been taken on lease because of higher average fleet of existing planes. Lt.Gen. (retd) Asif Yasin Malik further informed that under the PIA Revival Plan each operational area and department is under study and soon major decisions would be in place to obtain greater potential needed for the turnaround of the airline. Wrong aircraft for the wrong destination was the main reason of incurring losses but PIA would have a new look by April-2015, Chairman added.
Speaking on the occasion, Mr.Zafar Bakhtawari, President ICCI Pakistan International Airlines should reduce its fuel cost through fuel efficiencies, capacity/route rationalization and deployment of suitable aircrafts for the routes and passenger load, proper maintenance.
He said that most of the economic issues of our economy would be solved if department of PIA would start working efficiently as PIA losses had increased to Rs.150 billion while Rs.600billion were the accumulated losses of other Public Sector enterprises that were more than our defense budget of Rs.545billion which need to be monitor by adopting good governance.
ICCI President said that PIA should conduct a study to increase its destinations and initiate direct flights to those destinations which are potential market for Pakistani products that would ultimately help our country to get rid of isolation.
Hi knowing whats wrong is a start in the right direction but professional from overseas are required if the Airline needs to turn around the local talent is not up to the task PIA needs to be a world airline and for that it needs proper professionals it needs to look at other airlines Emirates Qatar etc they have foreign CEO who know what to do PIA needs to listen to wisdom and to professionalism changing one Capt to another or one ex PAF or ex-Army to another is not the solution this just makes it worst. Any outsider who is a true professional who will concentrate on the airline no political whim and army influence is what is needed.
For once Pakistani Govt need to do the right thing and help PIA as oppose to fleecing in and making it subordinate to their whims!
Narendra modi has also visited Uttarakhand with his team for flooded Gujaraties in Dehradoon. Modi reached Dehradoon on Friday with his 150 person team.
This is very exciting news for PIA and its customers, I hope the new look will also bring good profits for the airline, hopefully it will strive once again.
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I don't think so this world crupt airline will be in good hands ever
the airline which once ruled the skies of asia, is only in present condition due to nationalization, corrupt and un competent staff, mis management, Insincerity to the duties assigned, organization and country
no other but removal of above will take PIA back to high skies
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