The Pakistan International Airlines (PIA) decided to initiate four fuel-efficient aircraft into its convoy, also the national airline will rent the planes for six years.
The national carrier, which has boarded on a cost-cutting voyage as it flutters out a pandemic-hit year, will rent the new Airbus 320 aircraft for short-haul flights. This will make its general fleet capability 34 aircraft. The change unquestionably comes as the carrier emphasizes on national routes, and short-haul journeys.
As per the reports, the fresh narrow-body planes would substitute two old Boeing 777s. The first Airbus 320 is expected to reach Pakistan in mid-July, the second in August, while the third and fourth will come in October and December, respectively.
However, PIA described a forfeiture of Rs7.52 billion in the three-month period between January-March 2021, a huge decrease of 55.5% year-on-year, that arose on the back of an exchange improvement and decrease in finance costs. Its sufferers in the 12-month period between January and December of 2020 erected at Rs34.5 billion.
Read More: Five year plan proposed to bring PIA to profitability by 2024
The state-run carrier remains in regular need of a government bailout, and continually boards on numerous cost-cutting policies to ease its burden.
Earlier in February, PIA CEO Air Marshal Arshad Malik stated the airline will complete its business plan in three months.
Pakistan International Airline will be going to achieve its business plan in three months. This was specified by CEO PIA Air Marshal Arshad Malik in a live session conducted on the airline’s official Facebook page to respond to queries of customers and the general public.
“PIA is making HR restructuring and rationalization and now regular promotions of all departments are being conducted purely on merit. There will be no new recruitments in PIA as per the apex orders,” CEO PIA said.
The Voluntary Separation Scheme (VSS) was proclaimed with the comprehensive package and the airline management was also concentrating on further refining the training standards and services at PIA Training Centre, he maintained.