PIACL Board discusses performance of airline before privatization
The Board of Directors of Pakistan
International Airlines Corporation Limited (PIACL) convened its 94th
meeting, during which it praised the airline’s management for achieving the
long-awaited lifting of EU and UK flight restrictions—an important milestone
attained after nearly five years.
The Board also commended the airline’s overall operational
performance, particularly its schedule integrity, improved maintenance
turnaround times, and the efficient servicing of key international routes
including Paris, Manchester, and Toronto.
During the session, the management briefed the Board on the
airline’s operating plan for the upcoming year, the progress of PIA’s
Engineering Department, and the safety standards achieved and upheld over the
past two years.
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Recognizing the sustained enhancements in safety and
operational efficiency, the Board applauded both the management and the
Engineering Department for meeting international aviation standards. It noted
that adequate resources were being deployed to maintain consistent engineering
and logistical support for the fleet. The Board especially appreciated the
comprehensive maintenance regime and the successful restoration of ATRs and
Boeing 777 aircraft to active service.
In light of these improvements and in consideration of the
ongoing privatization process, the Board granted in-principle approval for a
special allowance for the Engineering & Maintenance Division.
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The Board also reviewed the proposal for transferring PIA’s
assets to a government-owned PIA Holding Company and approved several measures
related to aircraft repairs, engine acquisitions, and spare parts procurement
to support current operations and next year’s plan.
Furthermore, the Board instructed the management to expedite
all pending regulatory and operational approvals to ensure the airline’s full
readiness for privatization.
Source: Pakistan Observer