Pakistan International Airlines (PIA) announced that it is going to increase its fleet after going through a rough time the past few months. The airline had to appoint a new Chairman and CEO after the court ruled that the predecessor was not legally appointed. The airline also incurred PRs 370 billion ($3.01 billion) losses as a result of an audit report on its operation for the past 10 years by the Supreme court.
Now PIA is looking forward to strengthening its position and starts by dry leasing two Airbus A320s in order to meet the higher market demand. The lease duration is expected to be 8 years. The decision was taken on an executive meeting held by the new CEO Saqib Aziz. The delivery of the aircraft is expected in the first quarter of 2019.
The airline which already has 11 leased A320s will deploy the new planes on domestic and regional routes primarily to the Persian Gulf and Southeast Asia.
Source: Flight Global