Pakistan International Arlines (PIA) : News / Updates

ziaulislam said:
No it was destroyed by people of Pakistan

Pakistanis need to grow up and take responsibility for shit show
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PIA was about to handover to General Warrich the highest bidder 10 billion rupees / 3 million dollar ...........turn PIA into Warrich tayara ...

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Lulldapull said:
We got no say in what happens bhai. We (me n you) pay all the taxes along with our 1% of the population like us.

However what we want never gets implemented nor considered no?

How about those 99% who don’t pay taxes but get all the benefits and welfare? Living off of our taxes?

You feel empowered?
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Disagree form 1990s till now everyone wanted to do as mcuh as corruption and vote for as myas corrupt people as possible

The national moto was khata hey tu lagat be hey

In pakistan majority if people are corrupt hard to find honest people.. whether you are ooor or rich you whole live revolve around corruption..jeck cant even chapel in the mosque usually stolen by pretty decent people..cant go to polcie station or patwari without chai pani..


O thought about it for long and i relaized the problem is people want to accumulate as much as wearh possible for their families and think that their family wikl do sadqa khayrat and all will be forgiven

In contrast many people yhink love os short and not worth the effort in the west to do pitty theift

People conscious was temporary in 2023 because they were not getting alot of comiasions ...once economy improves and devt cycle restarts people will go back to khata hey tu lagata be hey
 
Only externally pressure by the IMF and other international financial institutions, can force pakistan to alter / change the requirements, to match ground realities and go through with the sale, be it a minority stake of 25 % with management control, as soon as possible.

Everyday, more and more loss is being accumulated, with the increasing inability to cope with the financial burden, eating through the national exchequer like a mite.

If soo much love is being showered on this debt laden airline, then why not the servants of the people buy out this institution and take care of it themselves, after all the profits earned by their associated companies are huge.

www.brecorder.com

FFC makes Rs22.6bn profit in 3QCY24, but holds off on dividend amid merger plans

Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, posted a consolidated...
www.brecorder.com

propakistani.pk

Askari Bank Posts Profit of Rs. 5.9 Billion in Q3

Askari Bank Limited (PSX: AKBL) has posted a profit-after-tax (PAT) of Rs. 5.9 billion in 3QCY24, up 4.4 percent over 3QFY24 with earnings per share (EPS)
propakistani.pk propakistani.pk
 
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PakFactor said:
They were wise not to bid. There are a few issues:

1) Retain all employees for 10 years.
2) The government of Pakistan raised salaries and pensions for all employees. The new owner must honor those commitments for ten years.
3) Bear all expenses to get the carrier operational.
4) The bidders were highly concerned about the viability of routes, as the government was unable to guarantee their availability post-purchase.

The government's strategy of offloading the asset and shifting the liabilities to a new owner while retaining politically appointed individuals on payroll was a key factor in the bidders' decision to back out. The debt would balloon well before the airline made any profit.

The airline industry looks at the ratio of planes to employees. Spirit Airlines in the U.S., a low-budget airline with 217 planes and 12,700 employees, has a ratio of 59 employees per plane. In contrast, with 30 planes and 8,000 employees, Pakistan has a ratio of 250 employees per plane; just a few years ago, we topped at 500-600 employees per plane.

The best option would be for the sole bidder to either lose or back out if they can't acquire it and start their airlines.
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Govt also wanted the management to remain unchanged for 5 years.

Basically, just a sham excercise for the IMF
 
PakFactor said:
They were wise not to bid. There are a few issues:

1) Retain all employees for 10 years.
2) The government of Pakistan raised salaries and pensions for all employees. The new owner must honor those commitments for ten years.
3) Bear all expenses to get the carrier operational.
4) The bidders were highly concerned about the viability of routes, as the government was unable to guarantee their availability post-purchase.

The government's strategy of offloading the asset and shifting the liabilities to a new owner while retaining politically appointed individuals on payroll was a key factor in the bidders' decision to back out. The debt would balloon well before the airline made any profit.

The airline industry looks at the ratio of planes to employees. Spirit Airlines in the U.S., a low-budget airline with 217 planes and 12,700 employees, has a ratio of 59 employees per plane. In contrast, with 30 planes and 8,000 employees, Pakistan has a ratio of 250 employees per plane; just a few years ago, we topped at 500-600 employees per plane.

The best option would be for the sole bidder to either lose or back out if they can't acquire it and start their airlines.
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Reason for " No Objection " from PPPP .... Bhutto is still alive.
 
Pakistan International Airlines (PIA) Lockheed L-1049H Super Constellation seen during maintenance checks at London Heathrow Airport.


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Pakistan International Airlines (PIA) Boeing 720B takeoff from Karachi Airport.

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Arfaan Hasan
The best PIA logo and look ever. So iconic, so solid and still modern. Shame they have moved so far away from it.

The white PIA letters on the green tail was one of the most recognised logos of any airline, similar to the Swissair/Swiss white cross on a red background which they still use!
 
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