Germany Seeks Investment Opportunities in Pakistan’s Aviation Industry

German officials visited Allama Iqbal International Airport, Lahore on Saturday and had meetings with Pakistan Civil Aviation Authority’s (PCAA) management.

The German envoy included Dr. Pantelis Christian Poetis, Honorary Consul General for Pakistan for Bavaria-Germany, and Dr. Michael Kerkloh President and CEO of Munich Airport. PCAA’s senior officials including Airport Manager Tahir Sikandar and Deputy Airport Manager gave briefings and a tour of the Lahore airport.

German officials are looking for investment opportunities in Pakistani Aviation and Airline market in the light of new upcoming National Aviation Policy 2019. The officials also observed and showed interest in airport management, passenger services, ground handling, and facilitation services.

The impact of the Government’s new fair sky policy on international carriers is yet to be known but in order to sustain growth in the sector, foreign direct investment is desperately needed.

Germany is considered the hub of European Aerospace and Airline industry. Lufthansa Group was the largest Airline in Europe in terms of fleet size and second in terms of the number of passengers carried in 2017.

Via Pakistan Today, UrduPoint



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