Tuesday, May 21, 2024, 4:51 PM
BREAKING NEWS
**First fuel trucks enter war-torn Gaza: Rafah crossing official **Six trucks with fuel to power generators at two hospitals crossed from Egypt **Hezbollah war with Israel would be 'mistake of its life': Netanyahu **We will strike it with a force it cannot even imagine: Netanyahu **Force ‘not way’ to resolve Israeli-Palestinian conflict : China **Iran journalists who covered Amini death get jail sentences **Elaheh Mohammadi, Niloufar Hamedi were both found guilty of collaboration with US **Elaheh and Niloufar were arrested after reporting on the death last year of Mahsa Amini
Home Business PIA mulls partial suspension of flight op

PIA mulls partial suspension of flight op

PIA requires Rs33 billion in order to meet mandatory payments to both domestic and foreign institutions

by NWMNewsDesk
0 comment

As the financial crisis at the Pakistan International Airlines (PIA) reaches a critical point, the administration of the national flag carrier in a desperate move is contemplating partial suspension of both domestic and international flights, according to sources.

The sources revealed that PIA has already started working on a backup plan – ‘Plan B’ – which involves reducing flight operations by 15 to 25 percent.

Following the decision by the caretaker government to privatise PIA rather than provide financial assistance, the national carrier has been left with no choice but to reduce operational expenses.

It has been reported that PIA requires Rs33 billion in order to meet mandatory payments to both domestic and foreign institutions, including employee salaries. However, with funds not forthcoming from the Ministry of Finance, PIA has resorted to approaching commercial banks for loans.

banner

Due to the non-disbursement of funds, PIA management has begun working on ‘Plan B’, which involves the partial suspension of flight operations and the cessation of unprofitable routes.

The proposed plan will see a gradual reduction in domestic flights, followed by limitations on international flights. Popular routes, such as Islamabad, Lahore, Karachi, Gilgit, and Skardu, are expected to have their flight availability restricted in the first phase.

You may also like

In a recent breakthrough, researchers have found that the updated COVID-19 vaccine has demonstrated an impressive 95% efficacy rate against the emerging Delta variant, which has been causing widespread concern globally.

Blogs

Latest Articles

© 2023 News World Media. All Rights Reserved.