In order to make Pakistan International Airlines (PIA) a profitable entity, a notification for its re-structuring has been issued.
Restructuring of Human resource has been initiated after the approval of PIACL Board of Directors.
According to an internal notification issued, the Directors of the airline have been re-designated as Chiefs of their respective divisions.
They will now have the following designations:
- Chief Operating Officer
- Chief Commercial Officer
- Chief Technical Officer
- Chief Financial Officer
- Chief Human Resources Officer
- Chief Corporate Development Officer
- Chief Information Officer
In addition to above designation, General Manager of Safety & Quality Assurance and General Manager Procurement will look after their respective divisions while reporting directly to Chief Executive Officer of the Airline.
Pakistan International Airlines (PIA) is reportedly suffering from Rs 5.64 billion loss per month. The national flag carrier earns Rs 7.50 billion monthly but its expenses exceed Rs 13.14 billion a month, showing a difference of Rs 5.64 billion.
The PIA spends a major chunk of its earning on debt servicing as it pays Rs 3.37 billion on loan repayment and Rs 1.06 billion as mark-up on the loans.
The fuel expenditures are Rs 2.60 billion while Rs 1.60 billion are disbursed among the employees in the heads of salaries and wages. The charges for aeronautical services are Rs 1.21 billion while the flag carrier spends Rs 3.30 billion on miscellaneous expenses.
All efforts will be made to make PIA profitable and fulfilling consumers’ expectations as envisioned by Prime Minister Muhammad Nawaz Sharif.
This was stated by Advisor to Prime Minister on Aviation, Sardar Mehtab Ahmed Khan while addressing the airline’s senior management officials and office bearers of PIA associations and CBA.
He said that the restructuring process has been initiated in the airline and all employees will now have to work collectively in bringing back the past glory of the national flag carrier. He thanked the office bearers of PIA associations and CBA for their support in the efforts for the revival of PIA.