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  1. #1
    Debut
    Dec 2016
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    srinagar
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    1,451
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    PIA ends flights to the USA

    ISLAMABAD: A glorious chapter in the history of Pakistan International Airlines (PIA) closed as the last flight of the national airliner departed for Lahore from the United States.

    PIA flight PK-712 left with 300 passengers from New York’s John F. Kennedy Airport.

    Pakistan International Airlines (PIA) has decided to suspend its flight operation for the United States primarily because of financial issues.

    Two PIA flights used to fly for New York via Manchester. However, the airliner used to face financial losses worth Rs. 2 billion while flying on this route.

    PIA, with a fleet of 32 aircrafts, is still operating in 28 international airports.

    Administration issues, over-employment and the poor maintenance of the aircrafts are causing problems for the state institutions for the past 12 years.

    https://www.samaa.tv/pakistan/2017/10/sad-day-pia


    SIR DONALD BRADMAN ------SORRY, BUT NO ONE LIKE HIM

  2. #2
    Debut
    Feb 2013
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    284
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    Why oh why! They had only one thing to do!! Why!!!
    No! NO! NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOO!!!

  3. #3
    Debut
    Sep 2016
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    This is weird, Emirates and other gulf airlines arw flying to most of the big cities in America yet PIA can't even keep one route to the world's most powerful city.

  4. #4
    Debut
    Oct 2012
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    397
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    Quote Originally Posted by Pakistanian View Post
    This is weird, Emirates and other gulf airlines arw flying to most of the big cities in America yet PIA can't even keep one route to the world's most powerful city.
    There is a big difference as Dubai airport is a major hub for passengers traveling all over the world, same is not the case for any of the Pakistani cities.

  5. #5
    Debut
    May 2015
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    Riyadh, KSA
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    1,034
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    Rumours flying around that AirBlue might start flights to USA.

    I wonder who's the owner of AirBlue....................

  6. #6
    Debut
    Dec 2012
    Venue
    Indian Ocean
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    14,858
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    309 Post(s)
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    If Air India of all airlines can make their hub and spoke model work, PIA shouldn't have any excuse.

    Nobody in their wildest dreams could have called the unmitigated success the move from BOM to DEL has been for AI, with these destinations having launched in the last 3-4 years: Melbourne, Sydney, New York, Heathrow (3 x daily), New York, Newark, Chicago, San Francisco (longest flight in the world), Paris, Frankfurt, Rome, Vienna, Moscow, Hong Kong, Seoul, Tokyo, Bahrain, Dubai, Singapore, Bangkok, Muscat, Doha, Kathmandu, Dhaka.

    If the bumbling Air India can pull this off, so should PIA. Of course, fuel being cheap, the 787 and Star Alliance have helped.

  7. #7
    Debut
    Mar 2014
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    Quote Originally Posted by Varun View Post
    If Air India of all airlines can make their hub and spoke model work, PIA shouldn't have any excuse.

    Nobody in their wildest dreams could have called the unmitigated success the move from BOM to DEL has been for AI, with these destinations having launched in the last 3-4 years: Melbourne, Sydney, New York, Heathrow (3 x daily), New York, Newark, Chicago, San Francisco (longest flight in the world), Paris, Frankfurt, Rome, Vienna, Moscow, Hong Kong, Seoul, Tokyo, Bahrain, Dubai, Singapore, Bangkok, Muscat, Doha, Kathmandu, Dhaka.

    If the bumbling Air India can pull this off, so should PIA. Of course, fuel being cheap, the 787 and Star Alliance have helped.
    Has Air India become profitable yet or still surviving on bail out money from the government?

    Biman Bangladesh has been profitable, but it also has kind of monopoly, so nothing extra ordinary there.

  8. #8
    Debut
    Jan 2005
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    18,079
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    Ahhh I'm gonna miss their little cocktail sandwiches.

    Gulf airlines have undercut the market. People will take the stop over in UAE for a cheaper fair.

  9. #9
    Debut
    May 2010
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    Dubai
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    3,502
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    If I had the money I would have invested in an airline in Pakistan. There is such a huge shortage of a good professional airline in Pakistan which has a fair bit of domestic travel considering the size of the country. I have heard of a new airline called Serene Air and heard good things about it.


    "Nations are born in the hearts of poets, they prosper and die in the hands of politicians."-Iqbal

  10. #10
    Debut
    May 2010
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    UK
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    20,425
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    PIA obviously can't compete in an increasingly competitive market. If customers are choosing alternative flight companies, then PIA has to cut it's cloth accordingly. Could it be run more efficiently? Possibly, but we won't know that until another company takes up the mantle to show how it should be done.


    I for one welcome our new In____ overlords - Kent Brockman

  11. #11
    Debut
    Jan 2015
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    Toronto, Canada
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    The sitting PM has stakes in Air Blue which is planning on starting flights to the US, hence PIA has been stopped from flying there so that Air Blue has complete monopoly.


    Avay ka ava bigra howa hai.... then desi liberals have the gall to come and tell us that jamhooriat is the solution to all problems.


    #Mein inko rolaonga

  12. #12
    Debut
    May 2010
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    Hong Kong
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    It is rumored that Air Blue - which is owned by our PM Abbasi - will fly this route.

    Democracy is the best revenge!Jiyay Bhutto!Shairr, aik vari fairr!

  13. #13
    Debut
    Oct 2014
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    Chicago, IL
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    I wonder if this is also a political move with PIA planning on increasing flights to China?

    Anyhow - consider there is a sizeable market for US travels in Pakistan, I have to say I am surprised.

  14. #14
    Debut
    Mar 2014
    Venue
    In your dil, but not in your dimaag.
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    9,912
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    876 Post(s)
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    PIA - the ghada gari of the sky.


    Swing it like Akram, whack it like Afridi, live it like Inti.

  15. #15
    Debut
    Oct 2004
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    84,156
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    Pakistan International Airlines (PIA) has ordered an inquiry, after two sets of human remains it was repatriating were left behind in New York.

    The two coffins were meant to be flown to Lahore on 28 October - but were left at JFK Airport by mistake.

    It was PIA's last New York-Lahore flight, as it had just suspended the route - so Etihad Airlines had to step in.

    PIA said the error was caused by the handling company on the ground.

    PIA said it "regrets the inconvenience caused due to negligence on part of the airline's ground handling agency... and expresses its sympathies with the family members of the deceased persons".

    One of the families had now asked for their relative be buried in Maryland, while the other body was being transferred by Etihad Airways back to Lahore, PIA's statement added.

    PIA said it would look after the transfer arrangements, adding that "all expenses will be borne by PIA".

    http://www.bbc.com/news/world-asia-41827964


    For the latest updates on Cricket, follow @PakPassion on Twitter

  16. #16
    Debut
    Sep 2016
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    Quote Originally Posted by Varun View Post
    If the bumbling Air India can pull this off, so should PIA.
    I wonder why you said that? Both Air India and PIA are government owned airlines, so in terms of efficiency there shouldn't be a lot to choose between the two, except for the fact that Air India faces more private competition domestically so it is probably a bit more efficient.

  17. #17
    Debut
    Feb 2009
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    6,487
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    Quote Originally Posted by MenInG View Post
    Pakistan International Airlines (PIA) has ordered an inquiry, after two sets of human remains it was repatriating were left behind in New York.

    The two coffins were meant to be flown to Lahore on 28 October - but were left at JFK Airport by mistake.

    It was PIA's last New York-Lahore flight, as it had just suspended the route - so Etihad Airlines had to step in.

    PIA said the error was caused by the handling company on the ground.

    PIA said it "regrets the inconvenience caused due to negligence on part of the airline's ground handling agency... and expresses its sympathies with the family members of the deceased persons".

    One of the families had now asked for their relative be buried in Maryland, while the other body was being transferred by Etihad Airways back to Lahore, PIA's statement added.

    PIA said it would look after the transfer arrangements, adding that "all expenses will be borne by PIA".

    http://www.bbc.com/news/world-asia-41827964
    One can only imagine the trauma experienced by these families. As if it isn't bad enough to have experienced the demise of a loved one, and then the hassle of having to bring their mortal remains home, only to find that they weren't even on the flight. If I remember correctly, the corpses have to undergo some sort of embalming procedure before they can be sent by air.


    Silver-tongued seraphim circling the spire...
    Gather in the gallery in their best attire...

  18. #18
    Debut
    Jan 2014
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    727
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    No surprises there. Even if Air Blue is doing these flights the fact of the matter is that PIA has completely dropped off as an airline. The market changes are not PIA's fault but their service, cost considerations, and culture are a complete disaster.
    I don't care if Emirates, Etihad, Qatar, and Turkish are doing well, there are plenty of strategies that PIA could do to make money. Why are there so few routes to China, where all the big business money is coming from? Not only that, how do you not have Codeshares with all of the Chinese carriers? Delta, American, and United can't stand the Middle Eastern airlines, why isn't PIA working with these carriers to be the exclusive codeshare partner from Europe and North America? There's so much that could be done that isn't being done.

  19. #19
    Debut
    Oct 2004
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    https://tribune.com.pk/story/1548344...ation-process/

    ISLAMABAD: In a major policy shift, the Privatisation Commission (PC) board on Thursday decided to reinitiate the process of privatising Pakistan International Airlines (PIA) and all power generation and distribution companies.

    The PC board also approved a Rs141.4-billion liabilities settlement plan of Pakistan Steel Mills (PSM) employees, National Bank of Pakistan and Sui Southern Gas Company (SSGC) by giving away PSM land.

    It decided to invite fresh bids for hiring financial advisers to sell government shares in Mari Petroleum Limited.
    The decisions, if endorsed by the Cabinet Committee on Privatisation (CCOP), will revive the privatisation programme that had lost steam in mid-2015 when the then prime minister Nawaz Sharif stopped the strategic sale of these entities following pressure from political circles and labour unions.

    PIA to review flight operations to US due to financial losses

    The decisions of the PC board, which met under the chairmanship of Privatisation Minister Daniyal Aziz, were in line with the thinking of Prime Minister Shahid Khaqan Abbasi.

    If the CCOP endorses the newly agreed privatisation programme, it may help in negotiations with the International Monetary Fund for a new bailout package, sources said.

    The privatisation of PIA and power companies is the unfinished agenda of the previous IMF bailout of $6.2 billion.

    Power sector

    The PC board decided to stop the listing of the Gujranwala Electric Power Company at the Pakistan Stock Exchange. Instead, all power generation and distribution companies may be privatised by handing over their management control to the private sector.

    In the first phase, Northern Power Generation Company Limited, Faisalabad Electricity Supply Company and Islamabad Electricity Supply Company may be privatised.

    In October 2013, the PML-N government had decided to privatise the power companies and hired financial advisers to complete technical studies. But in November 2015, it halted the process and started work on divesting shares in power distribution companies at the stock market.

    Its purpose was to improve corporate governance and strengthen accountability, but the situation further deteriorated in these entities, said Aziz while talking to The Express Tribune.

    The minister said the PC board recommended that the government should again start the strategic sale of these entities. Aziz said even the International Finance Corporation, an arm of the World Bank, had suggested that share divestment was a sub-optimal option for Pakistan.

    The minister said the CCOP would soon meet under the chairmanship of prime minister to consider the PC board’s decisions.

    PIA

    The board decided to sell majority stake in PIA to private parties, requesting the government to amend the PIA law that barred transfer of ownership to private hands.

    A joint session of parliament had passed the PIAC Conversion Act 2016 whereby the entity was converted into a public limited company.

    Under pressure from the PPP, the government inserted sub-section 4 into Section 4 of the PIAC Act that restricts the federal government from transferring management of the airline and binds it to retain 51% shares in PIA.

    The privatisation minister said the PC board recommended that this section must be amended to pave the way for PIA privatisation. Despite making efforts, PIA’s affairs had not improved and the management had started closing its routes, he said. On Wednesday, the ECC approved a Rs13.6-billion bailout package for PIA.

    PSM

    The minister said the PC board also recommended the settlement of PSM’s outstanding liabilities. He said the federal government would not sell the provincial government land and only the PSM land would be sold.

    PIA to review flight operations to US due to financial losses

    In January this year, the PC board had decided to give PSM on a 30-year lease but that required the settlement of all outstanding liabilities. The transaction manager has finalised the settlement plan. PSM has 19,013 acres of land.

    PSM needs Rs47.8 billion to settle liabilities of the employees on account of pension and gratuity. SSGC’s outstanding gas bills are estimated at Rs41 billion and NBP loans stood at Rs52.6 billion.

    In addition to that, the federal government has also given Rs42.6-billion financing to PSM.

    In August 2015, the PC board recommended to sell 75% stake in PSM. But the CCOP decided to offer the entity to the Sindh government. The Privatisation Commission claimed that Sindh did not respond to the offer.

    The federal cabinet has now decided that any party can acquire, including the Sindh government, PSM through competitive process, said the privatisation minister.


    For the latest updates on Cricket, follow @PakPassion on Twitter

  20. #20
    Debut
    Oct 2004
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    https://tribune.com.pk/story/1558477...-paris-hotels/

    ISLAMABAD: Pakistan International Airlines (PIA) has drawn up a plan to hand over some of its key assets such as Roosevelt Hotel to creditors in an effort to pay off liabilities of Rs352 billion and make the carrier financially viable.

    “PIA chief executive officer has sent a business plan for review of the federal government highlighting two options for changing fortunes of the national flag carrier,” said a senior government official while talking to The Express Tribune.

    The PIA CEO emphasised that restructuring of the air carrier’s balance sheet was required to turn PIA into a debt-free organisation.
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    In a cabinet meeting held in the first week of November, he proposed that in the first option PIA’s liabilities worth Rs352 billion out of Rs406 billion could be cleared by transferring assets including Roosevelt Hotel in New York and Scribe Hotel in Paris to the government.

    2012 plane crash: Bhoja Air owners, CAA officials booked for murder, conspiracy



    After an expected turnaround by 2022, he said, PIA’s capitalisation would reach the level where the government would be able to recover its investment.

    In the second option, he suggested that the government may pick debt servicing costs of Rs59.334 billion and Rs49.98 billion for 2018 and 2019 respectively in order to provide fiscal space in the two years. In the following years from 2020 to 2022, PIA would be able to bear the debt servicing cost.

    The cabinet was told that the airline’s fleet would expand from the present 36 aircraft to 44 planes by 2022. The current strength of five ATR 72 aircraft will be phased out of operation by 2018.

    The aviation sector contributes around 1.5% to Pakistan’s gross domestic product (GDP) – the overall size of the economy. PIA provides 18,000 direct jobs and 50,000 indirect employment opportunities including for suppliers, vendors and support activities.

    If PIA was closed, the cabinet was told, the job opportunities would disappear, liabilities would stay in place and most of the Pakistani passengers would lose direct connectivity with the world and within the country where other domestic airlines did not go.

    Cabinet members were of the view that it was difficult to analyse the figures put before it without backup data. They noted that despite given full autonomy by the government, PIA could not achieve desired results in the past four years.

    Direct connectivity should not be the sole criterion to keep running PIA but closing down the airline may also not be the option, they said.

    It was suggested that an independent regulator may be appointed as the Aviation Division could not act as a regulator because of conflict of interests.

    AirAsia India offering Rs99 fare for domestic flights

    PIA should take measures to enhance its efficiency, which did not require money, as well as undertake strict accountability. Expert consultants having experience in aviation policy may be hired.

    The cabinet members were of the view that the number of employees was not the problem rather poor performance in customer service coupled with leakages in procurement and lack of accountability led the organisation to the verge of collapse.

    In order to analyse the business plan, they said, a sub-committee may be constituted as the plan needed to be thoroughly scrutinised. After comprehensive discussions, the committee was formed to look into the plan and come up with recommendations.


    For the latest updates on Cricket, follow @PakPassion on Twitter

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