Airlines

Aviation minister says Pakistan International Airlines could suffer $1 Billion losses by 2030

PIA Reinstates Manchester and Paris Routes After EU Ban Lift

Pakistan International Airlines (PIA) may suffer significant losses of Rs 259 billion by the year 2030 if immediate remedial steps, including the transfer of its administrative management to the private sector, are not undertaken, the aviation ministry’s Khawaja Saad Rafique warned on Friday.

He emphasized the importance of moving through with critical reforms as soon as possible, such as giving the private sector administrative responsibility.

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His concerns were expressed during his statement on the Senate floor, when he also introduced “The Pakistan International Airlines Corporation (Conversion) (Amendment) Bill, 2023.” Given PIA’s substantial debt of Rs. 742 billion, the minister stressed the urgent need for foreign direct investment (FDI) and the transfer of administrative authority to private organizations to ensure the airline’s sustainability.

However, during the proceedings, many senators strongly opposed the proposal. In order to make PIA a viable organization, the Senate chairman recognized the importance of FDI and private sector involvement. They referred the matter to the relevant standing committee for more research.

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A bell rang for fifteen minutes to make sure that everyone was present after PTI MPs raised concerns about the quorum during the discussion. The quorum was restored and the House began to discuss the future of PIA. In its main body, the bill suggests amending Section 3, which specifies that the corporation’s shareholders will continue to hold the same number of fully paid shares while retaining their present rights and advantages.

Additionally, the federal government may issue new shares or revoke existing ones by an official gazette notification as needed during the validity term. The standing committee, which will carefully examine the measure and its suggested revisions, will now decide the future of PIA.

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Airlines

PIA Reinstates Manchester and Paris Routes After EU Ban Lift

Pakistan International Airlines (PIA) has announced plans to resume flights to Europe starting in January, beginning with Paris as its first destination.

The decision follows the European Union Aviation Safety Agency’s (EASA) removal of a long-standing ban on the airline. PIA’s inaugural flight to Paris is scheduled for January 10, with bookings opening on December 9.

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In an official statement, PIA spokesperson Abdullah Hafeez Khan confirmed that the first flight schedule has been approved, marking a significant milestone in the airline’s recovery efforts. The EU ban had previously cost PIA approximately Rs40 billion ($144 million) annually in lost revenue, compounding its financial struggles.

With European operations restarting, PIA is now setting its sights on the United Kingdom. The airline plans to seek approval from the UK Department for Transport (DfT) to resume flights to major British cities such as London, Manchester, and Birmingham.

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These routes are anticipated to see high demand once necessary clearances are obtained. The lifting of the EU ban represents a key achievement for PIA as it works to rebuild its international network and regain its standing in the global aviation market.

By restoring flights to Europe and aiming for UK destinations, PIA is taking critical steps toward recovering lost ground and improving its financial outlook.