In January 2010 Euro peaked at around 124 rupees,while today its down to 103 per Euro, a decline of nearly 17%.
Might be a good time for PIA to raise some rupees and purchase some european airbuses (old or new) to replace its 737s.
The decline in the value of the euro will reduce PIA's cost of buying european aircraft.
The Declining Value Of Euro and PIA
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Amaad Lone
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The Declining Value Of Euro and PIA
P.I.A
God's International Airline
God's International Airline
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innovative
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Re: The Declining Value Of Euro and PIA
The time it takes for a decision to issue a buy call will be enough for Euro to climb back to 124 or beyond. So no point worrying now. There can only be one benefit. If PIA has any loans issued from or commitments with european financiers, then its a direct 15-20% slide in cash outflows.
Sheikh Usman N.