PIA plane sold for over Rs190m in Germany


–Spokesperson says plane sold at high price in comparison to market rates

Pakistan International Airlines’ (PIA) A-310 aircraft, which was reportedly taken to Germany by former PIA CEO Bernd Hildenbrand, has been sold for Rs196.6 million in Germany, a local news outlet reported on Wednesday.

Reportedly, the plane, which is anchored at the Leipzig airport of Germany, has been sold in two parts. The two engines of the A-310, including other equipment, were sold to a private company which had offered the highest bid for the plane. According to a PIA spokesperson, the plane’s sale was in compliance with PPRA rules and was sold at a higher price in comparison to the local market.

It is worth mentioning here that the parking charges of the plane stood at €0.2 million, which was settled down at €13,0000 against the structure of the plane with the museum, situated at the airport.

In 2017, it was reported that the plane was illegally taken to Germany by the former PIA CEO, who sold it to a local museum. PIA officials had said that the national flag carrier still owned the plane and the Federal Investigation Agency (FIA) was probing the matter.