Karachi (October 10, 2017): Advisor to Prime Minister on Aviation Sardar Mehtab Ahmed Abbasi has said that Pakistan ‘Open Sky’ policy has led to increase in Pakistan International Airlines(PIA) financial losses.
Talking to media, Abbasi said that PIA had become a ‘titanic’. He added that he will take a business plan of PIA to federal cabinet for approval.
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The Advisor added that they would request the government for servicing PIA debts. He said that PIA fleet needed to be taken to 50 planes by 2019.
The advisor said that if PIA was brought out from the financial losses then there would be no need of its privatization.
Sardar Mehtab expressed hope the airline would be able to turn around its affairs if it utilises its resources to the full.Referring to the alleged sale of a PIA aircraft to a German museum, Sardar Mehtab said the decision taken by the former German CEO of PIA, Bernd Hildenbrand, was a “mistake.”
“Investigation into the ‘sale’ is still ongoing in Germany,” the aviation advisor said, adding that the aircraft was sold along with its engine as well as other valuable machinery.
Sardar Mehtab further revealed that PIA had to pay as much as $200,000 in parking fee for the aircraft in Germany.