ISLAMABAD – Pakistan International Airlines (PIA) had announced to finalizeits comprehensive business plan by the end of March.
As the given time approaches, the draft business plan of the national flagcarrier has entered its final phase of completion.
Under this plan, the fleet of the flag bearer will increase from 32 to 50in the next five years. The new airplanes will be procured on a lease.
The plan has also proposed strategies and recommendations to containfinancial losses. These proposals include the closure of loss-making routesand the revival of potentially profit-making routes.——————————
After the draft plan gets finalized, it will be sent to the federal cabinetfor approval. The plan has also proposed a reduction in the operationalexpenses of the national carrier. The cuts on the expenses will save Rs.2.77 billion in the annual expenditure.
Apart from the said cuts, further expense reduction is also planned overthe next five years. The plan also recommends enhancing the number ofroutes operated by PIA under the open sky policy.
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It further proposed to reduce the fee charged by the Civil AviationAuthority while suggesting the payment should be made in Pakistani rupeesinstead of the US dollars.
The PIA high-ups have also proposed to bring back six grounded planes aftertheir overhauling and maintenance. These planes include two 777s, twoA320s, and two ATRs.
Another proposition made in the plan is the rationalization of PIA’sbooking offices and shifting of its oil depot from Karachi to Islamabad.
