A delegation of Civil Servants-participants of National Management Course of National School of Public Policy visited Pakistan International Airlines Head Office today

Karachi: The delegation headed by Mr. Shafiq Hussain Bukhari was welcomed by Managing Director PIA, Mr. Nadeem Khan Yousufzai and Senior officials of the airline.

Deputy Managing Director PIA, Mr. Salim Sayani while briefing the delegation said that PIA’s fuel cost as a percentage of revenues has increased from 42 percent to 54 percent in the year 2011 while the root causes of PIA losses are ageing fleet and legacy losses coupled with exchange losses and additional slots of Northern corridor to Foreign Carriers.

He said that PIA achieved highest seat factor of 72 percent and crossed revenue of 100 billion for the first time in history of PIA. However, the liberal policy of Government of Pakistan to grant traffic rights to foreign airlines provoked unfair competition from gulf carriers and compelled PIA to reduce fares resulting in poor yields The Geo Political situation in the region has also affected tourism.

Deputy Managing Director PIA said that rationalization of Aviation Policy was needed to provide level playing filed in the Pakistan Aviation Market to help PIA and other Pakistani Airlines to regain the business taken away by the 6th freedom carriers especially the Gulf Carriers.

He said that Fleet modernization has always been the priority of PIA and efforts are being made to replace its ageing fleet and to induct additional aircraft for meeting additional capacity requirement. The airline’s Proposed Fleet Replacement plan envisages new fuel efficient aircraft which will greatly reduce the airline’s costs with regards to fuel efficiency and maintenance costs.

For more information, contact:
S. Sultan Hasan
General Manager, Public Affairs
Pakistan International Airlines (PIA)
Tel: +9221 9904 0000
Fax: +9221 3457 2225, 3457 0419