18 new planes, new routes planned for PIA - The News Observers - Business & World News
PAKISTAN

18 new planes, new routes planned for PIA

18 new planes, new routes planned for PIA

ISLAMABAD: The draft business plan for Pakistan International Airways (PIA) has entered its closing part of completion.

Underneath the plan, which goals to take the airline again to the glory of many years previous, the variety of plane obtainable can be elevated from 32 to 50 within the subsequent 5 years.

As well as, the business plan additionally proposes suggestions and methods for controlling monetary losses, together with the closure of loss-making routes and the revival of routes seen as probably worthwhile.

As soon as finalised, the draft plan for the nationwide airline can be offered earlier than the federal cabinet for approval.

In keeping with sources, the plan additionally proposes cuts in PIA’s operational bills to the tune of Rs2.77 billion in annual expenditure, with additional cuts deliberate over the subsequent 5 years.

In keeping with the sources, inside PIA, the plan additionally consists of suggestions for rising the variety of routes flown by the nationwide airline in step with the open sky coverage, whereas a proposal to scale back the charges charged by the Civil Aviation Authority and make these funds in Pakistani rupees quite than the US dollars has been made.

CAA costs of the nation are comparatively higher than different airports world wide, the sources stated, including that costs for a Boeing 777 at Islamabad Airport are $5,000 per touchdown, whereas costs for an Airbus A320 are as much as $1,155.

At Lahore Airport, CAA touchdown costs for an A320 are $870 whereas a 777 is charged at $three,348 per touchdown. In Karachi, 777s landings value $three,074, whereas A320 incurs costs of $696 per touchdown.

These costs, sources stated, are larger than the touchdown costs in Dubai, Delhi, Kuala Lumpur, and Beijing.

The sources additional stated PIA has to face Rs3,251 in FBR taxes for native flights and Rs8,960 for international flights. The plan additionally proposes rising the fleet of airplanes from 32 to 50 within the subsequent 5 years. The brand new airplanes, it’s proposed, can be procured on the lease.

The plan additionally proposes that six grounded planes ought to be made usable after being overhauled and upkeep. These embody two 777s, two ATRs, and two A320s.

The marketing strategy paperwork additionally present that the general deficit confronted by PIA stands at Rs414 billion together with Rs247.7 billion in loans and Rs114.7 billion in excellent funds.

The national airline is spending over Rs4 billion month-to-month curiosity bills alone. In keeping with sources, the plan additionally proposes rationalisation of PIA’s reserving offices and shifting of its oil depot from Karachi to Islamabad.

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