Pakistan International Airlines (PIA) is gradually overcoming the challenges posed by a recent fuel crisis, which resulted in the suspension of over 800 flights and a significant estimated loss of Rs10 billion. The airline has managed to restore approximately 90 percent of its flight operations, thanks to the replenishment of fuel supply from Pakistan State Oil (PSO). To accommodate travelers, PIA is operating smaller aircraft, demonstrating its commitment to resuming essential air services.
However, amidst the crisis, concerns have been raised regarding accountability within PIA. Safdar Anjum, the Secretary General of Pakistan International Airlines Senior Staff Association, has held the current management responsible for the financial setback during the crisis and has called for the dismissal of the current CEO, CFO, and director of engineering.
In response to the financial challenges, the Economic Coordination Committee (ECC) of the Cabinet has approved a bridge financing package of Rs. 8 billion for PIA. This crucial financial aid, sourced from the Civil Aviation Authority’s reserves, aims to fulfill PIA’s urgent payment obligations, stabilize its operations, and ensure the continuation of essential air travel services for the public.
PIA’s efforts to restore flight operations and the government’s intervention through the ECC’s financing package are positive steps toward mitigating the impact of the recent crisis and supporting the airline’s future operations.
