Pakistan International Airlines (PIA), the national flag carrier, finds itself perilously close to a major crisis as it grapples with severe cash flow problems that could potentially lead to the suspension of its flight operations. A senior official from PIA has disclosed that the airline’s fleet has dwindled from 23 operational planes to a mere 16, resulting in the unfortunate cancellation of multiple flights.
PIA losing millions everyday
Compounding these woes, prominent aircraft manufacturers Boeing and Airbus have suspended the supply of spare parts to PIA due to outstanding payments, exacerbating the airline’s operational challenges. The consequences are dire, with PIA incurring daily losses amounting to millions of rupees due to its limited flight capacity.
In a shocking revelation, the senior official also disclosed that PIA aircraft faced impoundment in foreign airports. One such incident occurred at Dammam airport, where a PIA plane was detained due to unpaid fuel bills. Furthermore, four PIA planes were held at Dubai airport under similar circumstances, only being allowed to depart after providing written assurances of payment.
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To prevent a complete shutdown, the International Air Transport Association (IATA) temporarily restored PIA services following an emergency payment of $3.5 million. However, the situation remains dire. The official has issued a stark warning that unless emergency funds amounting to Rs23 billion are secured by September 15th, PIA may have no choice but to suspend its flight operations, dealing a severe blow to the already embattled airline and its passengers.
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