PIA Premier service running in loss of Rs. 2 billion
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ISLAMABAD: The Aviation Division on Friday presented the details of the losses incurred by the Pakistan International Airlines’ Premier Service, in the lower house of the parliament.
During four and a half months (Aug 14 to Dec 31, 2016), the service suffered a loss of Rs2.10 billion.
The department presented details of the dismal performance of the national airlines’ venture, which was launched on the Independence Day last year, with funds of Rs 3.90 billion.
The service reaped a profit of only Rs 1.80 billion during the said period.
In February, the PIA had denied rumours that the airline was shutting down the Premier Service.
Terming such rumours 'baseless' PIA Spokesman Daniyal Gilani said that the national airline's staff was successfully operating flight operations of the Premier Service that was inaugurated on August 14, 2016.
