Karachi: The national flag carrier will shortly get three A320s, which will help address the fleet shortage crisis. “The main objective of this strategy is to cut the revenue gap to the maximum possible,” said PIA Managing Director Muhammad Junaid Yunus during a meeting at the carrier’s head office on Wednesday.
In the first stage, PIA will keep the wet lease aircraft till delivery of its A320s in July 2014. The two A320s, which are between six and seven years of age, will be delivered in July, said Yunus. In the second stage, the newer A320s will be acquired on a dry lease for which a Letter of Intent has been issued and initial payments made. These planes are being acquired from the world’s leading aircraft lessor GECAS and will be inducted into the fleet in July 2014. In the intervening period, pilots will be trained for the aircraft.
Stage three of the business strategy involves placing orders for 20 narrow-bodied aircraft, said Yunus. “The trends are very encouraging as PIA has made another record of launching the highest number of extra flights on umrah during a month, January 2014. We have demand in the market and are striving hard to capture it.”
Yunus said that in the last one year, the management has taken very difficult but bold decisions to turnaround the national flag carrier. “Our pilots, engineers and other professionals are the best in world. They have been instrumental in establishing and manning many successful airlines. Given opportunities and resources, they perform to the best of their abilities,” he said.
“PIA also made good business in December and after confirming orders for the three newer A320s, PIA will be able to generate more revenue,” said Yunus. So far, four Boeing 747s, nine Boeing 777s, three Boeing 737s, 10 A320s, six ATRs and four leased 737-800 series are part of PIA’s fleet.
Source: The NEWS