According to news sources, PIA Board of Directors meeting chaired by airline's Chairman Irfan Elahi reviewed airline's performance in the first quarter of 2018.
The board members expressed disappointment over revenue fall and incomplete implementation of airline's business plan.
The board meeting also approved aircraft engineers' demands.
Abbas
PIA Board Reviews Airline's Performance in First Quarter of 2018
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Re: PIA Board Reviews Airline's Performance in First Quarter of 2018
How can an airline with 22 jets and 200 billion rupees in loans possibly make money??
Even today PIA is trying to charge 50,000 rupees ticket where Shaheen is charging 25,000.
By delaying the re-structure of PIA the government has slowly killed the airline forever.
Only solution is that the hotels are sold and loans paid off and hopefully PIA can re-start with half the work force and slowly grow.
PIA needs investment. Government has no money for equity.
PSO CAA and many suppliers owed billions. Banks owed hundreds of billions.
Who will pay???
Even today PIA is trying to charge 50,000 rupees ticket where Shaheen is charging 25,000.
By delaying the re-structure of PIA the government has slowly killed the airline forever.
Only solution is that the hotels are sold and loans paid off and hopefully PIA can re-start with half the work force and slowly grow.
PIA needs investment. Government has no money for equity.
PSO CAA and many suppliers owed billions. Banks owed hundreds of billions.
Who will pay???
P.I.A
God's International Airline
God's International Airline