PIA announces fleet expansion and new destinations post EU-restrictions
Pakistan International Airlines (PIA) has unveiled an ambitious plan to expand its fleet and network, aiming to enhance global connectivity and improve services. This initiative follows the lifting of restrictions by the European Union Aviation Safety Agency (EASA), allowing PIA to resume flights to Europe and the United Kingdom.
The airline is investing in significant fleet upgrades to support its expanding network. The number of operational Boeing 777s will rise to eight, Airbus A320 family aircraft will reach twelve, and ATR aircraft will increase to two. Additionally, PIA is working to reactivate several aircraft currently in storage to meet increasing demand. These measures align with PIA’s aggressive operational strategy for 2025, which aims to position the airline as a competitive global carrier.
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PIA has emphasized its commitment to providing high-quality service, boasting a punctuality rate exceeding 90%, the highest in Pakistan. The airline is focused on offering affordable and direct travel options for overseas Pakistanis, with new routes planned to cater to diverse international destinations.
Passengers traveling internationally with Pakistan International Airlines (PIA) are set to enjoy significant ticket price reductions, thanks to a Federal Excise Duty (FED) waiver approved by the International Monetary Fund (IMF).
The waiver is expected to bring substantial relief to travelers, with ticket prices on various routes witnessing dramatic decreases. Passengers flying to the USA can save up to Rs350,000, while those heading to Europe, Australia, New Zealand, and the Far East may see reductions of up to Rs210,000. Travelers bound for Africa and the Middle East are also set to benefit, with potential savings of up to Rs105,000.
In addition to expanded routes in Europe and the UK, PIA plans to resume direct flights to the United States after a six-year hiatus. These flights will eliminate the inconvenience of layovers, offering passengers both time savings and competitive pricing. Coupled with the FED waiver, these direct flights are expected to drive significant growth in ticket sales.
The airline is also implementing measures to improve its financial health and appeal to potential investors. Recent steps include an 18% sales tax exemption on new aircraft purchases or leases and the transfer of Rs46 billion in negative equity to a holding company. Additionally, the government is revising privatization regulations, allowing bidders to acquire a 60% stake in the airline.
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