ISLAMABAD: Pakistan International Airline (PIA) has reduced its annual losses to Rs18 billion from Rs31.5 billion during the fiscal year 2013-14.
This was disclosed by Adviser to Prime Minister on Aviation Affairs, Shujaat Azeem, while talking to the journalists. He also revealed that PIA was also paying Rs3.29 billion interest on legacy loans that were taken in 1992.
The premier’s adviser said that 10 more narrow-body airbuses and five aircraft manufactured by French-Italian manufacturer ATR would be inducted in PIA by the end of December this year. Induction of more aircraft would help boost PIA’s performance which would assist in generating more revenue, Azeem added.
Praising the initiatives for the improvement of the national carrier, he said the government was working towards introducing a new aviation policy to discourage corruption within PIA.
