Chief Executive Officer (CEO) Pakistan International Airlines (PIA), Air Marshal Arshad Mehmood Malik said on Tuesday (Jan 15) while addressing a press conference along with Minister for Privatisation and Aviation Mian Muhammad Soomro and Prime Minister’s Special Assistant Iftikhar Durrani revealed that unfortunately PIA is suffering an operational loss of Rs3 billion every month adding that management will develop a comprehensive five-year strategic business plan to turn the national flag carrier into a profitable entity and revive its past glory.
“The PIA is currently suffering an operational loss of Rs3 billion per month. The PIA is paying charges to the Civil Aviation Authority (CAA) in dollars and the outstanding dues against the PIA have swelled to Rs431 billion,” Malik said. “A strategic business plan for the revival of the PIA will be submitted to the prime minister in March. A short-term plan would ensure smooth functioning of the PIA, while in the long run the PIA would be revived on a sustainable basis in the next three to five years,” he added.
“We have introduced some profit-making routes and more will be introduced by the 15th of next month.” While talking about Hajj operations he said “The management would induct six additional planes to meet the needs of the pilgrims. Under the short-term plan, it is the PIA’s effort to carry out the Hajj operation in the best possible manner.”
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17 November, 2019